Weiss Multi-Strategy Advisers Has Cut Logmein (LOGM) Holding By $2.02 Million; J Goldman & Company LP Has Cut Its Mgm Resorts International (MGM) Position

February 19, 2018 - By Kurt Siggers

J Goldman & Company Lp decreased Mgm Resorts International (MGM) stake by 72.6% reported in 2017Q3 SEC filing. J Goldman & Company Lp sold 54,451 shares as Mgm Resorts International (MGM)’s stock rose 17.48%. The J Goldman & Company Lp holds 20,549 shares with $670,000 value, down from 75,000 last quarter. Mgm Resorts International now has $19.52B valuation. The stock decreased 1.51% or $0.53 during the last trading session, reaching $34.47. About 8.30 million shares traded or 6.37% up from the average. MGM Resorts International (NYSE:MGM) has risen 45.28% since February 19, 2017 and is uptrending. It has outperformed by 28.58% the S&P500.

Weiss Multi-Strategy Advisers Llc decreased Logmein Inc (LOGM) stake by 42.27% reported in 2017Q3 SEC filing. Weiss Multi-Strategy Advisers Llc sold 18,398 shares as Logmein Inc (LOGM)’s stock rose 17.94%. The Weiss Multi-Strategy Advisers Llc holds 25,126 shares with $2.77 million value, down from 43,524 last quarter. Logmein Inc now has $6.45B valuation. The stock decreased 8.48% or $11.35 during the last trading session, reaching $122.45. About 2.38 million shares traded or 333.87% up from the average. LogMeIn, Inc. (NASDAQ:LOGM) has risen 101.86% since February 19, 2017 and is uptrending. It has outperformed by 85.16% the S&P500.




Investors sentiment increased to 1.53 in 2017 Q3. Its up 0.52, from 1.01 in 2017Q2. It improved, as 43 investors sold MGM shares while 113 reduced holdings. 94 funds opened positions while 145 raised stakes. 458.66 million shares or 7.73% more from 425.76 million shares in 2017Q2 were reported. Apg Asset Nv accumulated 0.03% or 595,706 shares. Texas Permanent School Fund invested in 143,463 shares or 0.06% of the stock. Sumitomo Mitsui Asset Mgmt has invested 0.02% in MGM Resorts International (NYSE:MGM). Fmr Ltd has invested 0.03% in MGM Resorts International (NYSE:MGM). Natl Bank Of Nova Scotia accumulated 89,398 shares. Bamco invested in 916,603 shares. Highstreet Asset Mgmt Inc has invested 0.07% of its portfolio in MGM Resorts International (NYSE:MGM). Twin Tree Lp stated it has 0.03% of its portfolio in MGM Resorts International (NYSE:MGM). 556,496 are held by State Teachers Retirement. Harris LP owns 21.04 million shares. Commonwealth Of Pennsylvania Public School Empls Retrmt System invested in 0.02% or 42,101 shares. Aqr Mgmt reported 57,675 shares. Virtu Financial Limited Liability Corp invested 0% of its portfolio in MGM Resorts International (NYSE:MGM). Moreover, Robeco Institutional Asset Management Bv has 0% invested in MGM Resorts International (NYSE:MGM). Illinois-based Citadel Ltd has invested 0.01% in MGM Resorts International (NYSE:MGM).

Among 16 analysts covering MGM Resorts (NYSE:MGM), 12 have Buy rating, 0 Sell and 4 Hold. Therefore 75% are positive. MGM Resorts had 57 analyst reports since August 5, 2015 according to SRatingsIntel. On Friday, June 17 the stock rating was maintained by Telsey Advisory Group with “Outperform”. The stock of MGM Resorts International (NYSE:MGM) has “Buy” rating given on Thursday, October 6 by Argus Research. The stock of MGM Resorts International (NYSE:MGM) earned “Outperform” rating by Telsey Advisory Group on Friday, May 6. Goldman Sachs initiated the stock with “Buy” rating in Friday, December 16 report. Citigroup maintained the shares of MGM in report on Wednesday, April 13 with “Buy” rating. The rating was maintained by Susquehanna with “Positive” on Friday, April 21. The stock of MGM Resorts International (NYSE:MGM) has “Buy” rating given on Friday, June 17 by Deutsche Bank. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, April 28 report. The rating was downgraded by Susquehanna to “Neutral” on Tuesday, October 3. Telsey Advisory Group maintained MGM Resorts International (NYSE:MGM) on Tuesday, January 17 with “Outperform” rating.

Since September 6, 2017, it had 0 insider purchases, and 7 insider sales for $14.89 million activity. BALDWIN ROBERT sold $1.63 million worth of stock. 3,097 MGM Resorts International (NYSE:MGM) shares with value of $104,779 were sold by Mckinney-James Rose. Shares for $1.37M were sold by SELWOOD ROBERT on Wednesday, September 6. SANDERS COREY IAN had sold 16,446 shares worth $553,133 on Wednesday, September 6. 294,150 shares were sold by MURREN JAMES, worth $10.02 million. The insider McManus John sold $177,701. 30,318 shares were sold by D’ARRIGO DANIEL, worth $1.03M.

J Goldman & Company Lp increased Spdr Series Trust (Put) (XBI) stake by 21,000 shares to 60,000 valued at $5.19M in 2017Q3. It also upped Spdr Series Trust (Put) (XRT) stake by 130,000 shares and now owns 280,000 shares. Altaba Inc was raised too.

Among 13 analysts covering LogMeIn (NASDAQ:LOGM), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. LogMeIn had 48 analyst reports since July 24, 2015 according to SRatingsIntel. The stock has “Outperform” rating by RBC Capital Markets on Friday, April 29. The stock has “Outperform” rating by Robert W. Baird on Tuesday, October 3. On Friday, February 3 the stock rating was reinitiated by RBC Capital Markets with “Outperform”. On Tuesday, August 25 the stock rating was upgraded by TheStreet to “Hold”. RBC Capital Markets maintained the stock with “Buy” rating in Friday, June 9 report. As per Friday, July 28, the company rating was upgraded by KeyBanc Capital Markets. On Friday, April 7 the stock rating was upgraded by Cowen & Co to “Outperform”. The rating was maintained by Cowen & Co on Friday, July 28 with “Buy”. Barclays Capital maintained LogMeIn, Inc. (NASDAQ:LOGM) rating on Wednesday, July 27. Barclays Capital has “Underweight” rating and $82 target. On Friday, October 27 the stock rating was maintained by Needham with “Buy”.

Weiss Multi-Strategy Advisers Llc increased Om Asset Management Ltd (NYSE:OMAM) stake by 350,000 shares to 400,000 valued at $5.97M in 2017Q3. It also upped Mondelez International Inc (Call) (NASDAQ:MDLZ) stake by 73,800 shares and now owns 170,000 shares. Cabot Oil Gas (NYSE:COG) was raised too.

Analysts await LogMeIn, Inc. (NASDAQ:LOGM) to report earnings on February, 27. They expect $0.91 earnings per share, up 175.76% or $0.58 from last year’s $0.33 per share. LOGM’s profit will be $47.90M for 33.64 P/E if the $0.91 EPS becomes a reality. After $0.93 actual earnings per share reported by LogMeIn, Inc. for the previous quarter, Wall Street now forecasts -2.15% negative EPS growth.

Investors sentiment increased to 1.33 in 2017 Q3. Its up 0.31, from 1.02 in 2017Q2. It improved, as 33 investors sold LOGM shares while 100 reduced holdings. 50 funds opened positions while 127 raised stakes. 51.03 million shares or 4.65% more from 48.76 million shares in 2017Q2 were reported. Regions Fincl, a Alabama-based fund reported 5,939 shares. Bnp Paribas Arbitrage stated it has 0% of its portfolio in LogMeIn, Inc. (NASDAQ:LOGM). Parkside Commercial Bank And reported 0.01% of its portfolio in LogMeIn, Inc. (NASDAQ:LOGM). Bluecrest Cap Mngmt Limited owns 8,247 shares. Texas-based Texas Permanent School Fund has invested 0.05% in LogMeIn, Inc. (NASDAQ:LOGM). 17,272 were reported by Ngam Advsrs L P. Zurcher Kantonalbank (Zurich Cantonalbank) has 0.01% invested in LogMeIn, Inc. (NASDAQ:LOGM). Redwood Invs Lc has invested 0.53% of its portfolio in LogMeIn, Inc. (NASDAQ:LOGM). Castleark Mngmt Ltd Liability Corp reported 59,555 shares. Prudential owns 0.01% invested in LogMeIn, Inc. (NASDAQ:LOGM) for 34,987 shares. Arrowstreet Capital Ltd Partnership reported 2,600 shares or 0% of all its holdings. Suntrust Banks reported 0% in LogMeIn, Inc. (NASDAQ:LOGM). Numeric Investors has invested 0.13% in LogMeIn, Inc. (NASDAQ:LOGM). Qs Ltd Liability Corp stated it has 606 shares. 1832 Asset Mngmt Lp reported 87,100 shares.

Since September 11, 2017, it had 0 insider purchases, and 2 insider sales for $2.58 million activity. 3,016 shares were sold by Benson Steven J., worth $336,591. Another trade for 20,000 shares valued at $2.24 million was made by Simon Michael K on Monday, September 11.

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