Gmt Capital Has Decreased Position in Mgm Resorts International (MGM) as Stock Value Rose; Marcato Capital Management LP Has Upped Deckers Outdoor (DECK) Position by $60.00 Million; Valuation Rose

May 26, 2018 - By Adrian Mccoy

MGM Resorts International (NYSE:MGM) Logo

Richard Mcguire increased its stake in Deckers Outdoor Corp (DECK) by 38.41% based on its latest 2017Q4 regulatory filing with the SEC. Marcato Capital Management Lp bought 750,000 shares as the company’s stock rose 15.18% while stock markets declined. The hedge fund run by Richard Mcguire held 2.70M shares of the shoe manufacturing company at the end of 2017Q4, valued at $216.88 million, up from 1.95 million at the end of the previous reported quarter. Marcato Capital Management Lp who had been investing in Deckers Outdoor Corp for a number of months, seems to be bullish on the $3.41B market cap company. The stock increased 3.54% or $3.67 during the last trading session, reaching $107.34. About 1.52M shares traded or 98.71% up from the average. Deckers Outdoor Corporation (NYSE:DECK) has risen 61.55% since May 26, 2017 and is uptrending. It has outperformed by 50.00% the S&P500.

Thomas E. Claugus decreased its stake in Mgm Resorts International (MGM) by 19.15% based on its latest 2017Q4 regulatory filing with the SEC. Gmt Capital Corp sold 625,600 shares as the company’s stock rose 4.56% while stock markets declined. The hedge fund run by Thomas E. Claugus held 2.64M shares of the hotels and resorts company at the end of 2017Q4, valued at $88.18M, down from 3.27 million at the end of the previous reported quarter. Gmt Capital Corp who had been investing in Mgm Resorts International for a number of months, seems to be less bullish one the $17.51B market cap company. The stock increased 0.42% or $0.13 during the last trading session, reaching $31.45. About 3.90 million shares traded. MGM Resorts International (NYSE:MGM) has risen 31.15% since May 26, 2017 and is uptrending. It has outperformed by 19.60% the S&P500.

Gmt Capital Corp, which manages about $9.19B and $4.90B US Long portfolio, upped its stake in Davita Inc (NYSE:DVA) by 114,900 shares to 546,500 shares, valued at $39.49 million in 2017Q4, according to the filing. It also increased its holding in Biogen Inc (NASDAQ:BIIB) by 26,000 shares in the quarter, for a total of 319,100 shares, and has risen its stake in Athene Hldg Ltd.

Since February 22, 2018, it had 1 insider purchase, and 7 insider sales for $5.19 million activity. On Monday, March 12 the insider HERMAN ALEXIS sold $159,351. Shares for $1.26M were sold by D’ARRIGO DANIEL. The insider TAYLOR DANIEL J sold 12,536 shares worth $434,632. On Wednesday, March 14 the insider GROUNDS WILLIAM WARWICK bought $35,500. $215,773 worth of MGM Resorts International (NYSE:MGM) was sold by BIBLE WILLIAM A on Tuesday, March 6. SANDERS COREY IAN had sold 23,134 shares worth $848,588.

Analysts await MGM Resorts International (NYSE:MGM) to report earnings on July, 26. They expect $0.27 EPS, down 12.90% or $0.04 from last year’s $0.31 per share. MGM’s profit will be $150.33 million for 29.12 P/E if the $0.27 EPS becomes a reality. After $0.34 actual EPS reported by MGM Resorts International for the previous quarter, Wall Street now forecasts -20.59% negative EPS growth.

More notable recent MGM Resorts International (NYSE:MGM) news were published by: Seekingalpha.com which released: “MGM Resorts perky into analyst day event” on May 10, 2018, also Investorplace.com with their article: “20 2018 Losers That Will Be Big Winners” published on May 25, 2018, Fool.com published: “Where MGM Resorts Went Wrong (And Why You Shouldn’t Worry)” on May 02, 2018. More interesting news about MGM Resorts International (NYSE:MGM) were released by: Seekingalpha.com and their article: “Red Robin Had A Bad Conference Call – Cramer’s Lightning Round (5/24/18)” published on May 25, 2018 as well as Fool.com‘s news article titled: “Is This Proof an MGM-Wynn Resorts Merger Is Off the Table?” with publication date: May 22, 2018.

Investors sentiment decreased to 0.95 in 2017 Q4. Its down 0.58, from 1.53 in 2017Q3. It is negative, as 60 investors sold MGM shares while 150 reduced holdings. 71 funds opened positions while 128 raised stakes. 450.52 million shares or 1.77% less from 458.66 million shares in 2017Q3 were reported. 63,398 are held by Aqr Cap Ltd. Supplemental Annuity Collective Trust Of Nj accumulated 30,000 shares. Wolverine Asset Ltd Com has 0% invested in MGM Resorts International (NYSE:MGM). Connecticut-based Graham Limited Partnership has invested 0.03% in MGM Resorts International (NYSE:MGM). Shell Asset Mgmt Communications holds 30,469 shares or 0.02% of its portfolio. Adage Ptnrs Group Limited Liability reported 724,000 shares. Eagle Asset Mngmt Inc holds 1.65M shares. Integral Derivatives Limited Company invested in 7,706 shares. Financial Counselors Incorporated owns 53,760 shares or 0.08% of their US portfolio. Old Mutual Customised Solutions (Proprietary) Limited holds 0.05% or 13,286 shares in its portfolio. Peak6 Lp has invested 0.03% in MGM Resorts International (NYSE:MGM). Gabelli & Com Advisers accumulated 6,000 shares. Balyasny Asset Mgmt Ltd Liability Company owns 69,228 shares. Trexquant L P, a Connecticut-based fund reported 33,863 shares. Axa holds 0.04% or 330,671 shares.

Among 18 analysts covering MGM Resorts (NYSE:MGM), 14 have Buy rating, 0 Sell and 4 Hold. Therefore 78% are positive. MGM Resorts had 67 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has “Buy” rating by Stifel Nicolaus on Friday, April 28. Goldman Sachs maintained MGM Resorts International (NYSE:MGM) on Wednesday, April 5 with “Buy” rating. Telsey Advisory Group maintained MGM Resorts International (NYSE:MGM) on Tuesday, January 17 with “Outperform” rating. The rating was maintained by Deutsche Bank with “Buy” on Thursday, July 27. UBS upgraded the shares of MGM in report on Monday, November 2 to “Buy” rating. The company was maintained on Monday, June 20 by UBS. The firm has “Buy” rating by Deutsche Bank given on Friday, October 30. JP Morgan maintained MGM Resorts International (NYSE:MGM) rating on Tuesday, October 13. JP Morgan has “Overweight” rating and $28 target. The company was initiated on Thursday, August 11 by Buckingham Research. The rating was maintained by Stifel Nicolaus with “Hold” on Thursday, November 9.

Among 25 analysts covering Deckers Outdoor (NYSE:DECK), 5 have Buy rating, 3 Sell and 17 Hold. Therefore 20% are positive. Deckers Outdoor had 96 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was maintained by Citigroup with “Neutral” on Friday, October 27. Piper Jaffray maintained the shares of DECK in report on Friday, September 29 with “Hold” rating. The firm earned “Neutral” rating on Friday, May 27 by Credit Suisse. As per Tuesday, June 27, the company rating was maintained by Susquehanna. Brean Capital maintained the stock with “Buy” rating in Friday, May 27 report. The firm earned “Outperform” rating on Monday, August 15 by Telsey Advisory Group. On Monday, October 16 the stock rating was downgraded by Susquehanna to “Negative”. The stock of Deckers Outdoor Corporation (NYSE:DECK) has “Neutral” rating given on Wednesday, April 18 by Buckingham Research. Robert W. Baird maintained the stock with “Hold” rating in Friday, September 1 report. The rating was upgraded by Stifel Nicolaus to “Buy” on Friday, November 11.

More notable recent Deckers Outdoor Corporation (NYSE:DECK) news were published by: Benzinga.com which released: “26 Stocks Moving In Friday’s Pre-Market Session” on May 25, 2018, also Schaeffersresearch.com with their article: “Dow Futures Drop With Oil Prices” published on May 25, 2018, Streetinsider.com published: “After-Hours Stock Movers 05/24: (VTGN) (NWY) (CAVM) Higher; (ZOES) (BGSF) (EGHT) Lower (more…)” on May 24, 2018. More interesting news about Deckers Outdoor Corporation (NYSE:DECK) were released by: Businesswire.com and their article: “Deckers Brands Reports Fourth Quarter and Fiscal 2018 Financial Results” published on May 24, 2018 as well as Benzinga.com‘s news article titled: “10 Stocks To Watch For May 25, 2018” with publication date: May 25, 2018.

Since February 2, 2018, it had 0 insider purchases, and 8 sales for $3.78 million activity. $2.32M worth of Deckers Outdoor Corporation (NYSE:DECK) was sold by PERENCHIO JOHN G on Tuesday, February 6. On Thursday, March 15 Lafitte David E. sold $54,509 worth of Deckers Outdoor Corporation (NYSE:DECK) or 600 shares. $238,778 worth of Deckers Outdoor Corporation (NYSE:DECK) was sold by Powers David on Wednesday, February 7. $712,289 worth of Deckers Outdoor Corporation (NYSE:DECK) was sold by GEORGE THOMAS. 2,220 shares were sold by O’Donnell Andrea, worth $208,456.

Deckers Outdoor Corporation (NYSE:DECK) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Recent Posts