Horizon Kinetics Has Trimmed By $10.03 Million Its Mgm Resorts International (MGM) Stake; Last Week Ashford Hospitality Prime (AHP) Analysts

August 11, 2017 - By Marie Mckinney

Horizon Kinetics Llc decreased Mgm Resorts International (MGM) stake by 65.92% reported in 2016Q4 SEC filing. Horizon Kinetics Llc sold 358,250 shares as Mgm Resorts International (MGM)’s stock rose 17.48%. The Horizon Kinetics Llc holds 185,210 shares with $5.34M value, down from 543,460 last quarter. Mgm Resorts International now has $17.60 billion valuation. The stock increased 0.26% or $0.08 during the last trading session, reaching $30.59. About 5.40 million shares traded. MGM Resorts International (NYSE:MGM) has risen 45.28% since August 11, 2016 and is uptrending. It has outperformed by 28.58% the S&P500.

Among 6 analysts covering Ashford Hospitality Prime (NYSE:AHP), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. Ashford Hospitality Prime had 20 analyst reports since August 10, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Sunday, August 6 by Canaccord Genuity. The stock of Ashford Hospitality Prime Inc (NYSE:AHP) has “Market Perform” rating given on Friday, April 7 by JMP Securities. The firm has “Outperform” rating given on Friday, August 5 by FBR Capital. The stock has “Outperform” rating by FBR Capital on Friday, July 22. The company was downgraded on Friday, February 5 by Suntrust Robinson. On Monday, August 10 the stock rating was upgraded by Zacks to “Sell”. The firm earned “Mkt Perform” rating on Monday, January 11 by JMP Securities. The stock of Ashford Hospitality Prime Inc (NYSE:AHP) has “Market Outperform” rating given on Tuesday, August 11 by JMP Securities. The firm has “Buy” rating given on Tuesday, September 1 by Canaccord Genuity. The firm earned “Hold” rating on Monday, November 9 by Canaccord Genuity. See Ashford Hospitality Prime Inc (NYSE:AHP) latest ratings:

06/08/2017 Broker: Canaccord Genuity Rating: Hold New Target: $11.0000 Maintain
25/06/2017 Broker: Canaccord Genuity Rating: Hold New Target: $11.0000 Maintain
07/04/2017 Broker: JMP Securities Rating: Market Perform Maintain
08/03/2017 Broker: FBR Capital Rating: Outperform Old Target: $16.00 New Target: $15.00 Maintain

Ashford Hospitality Prime, Inc. invests in high revenue per available room , luxury hotels and resorts. The company has market cap of $305.47 million. The Firm conducts its business and owns all of its assets through its operating partnership, Ashford Hospitality Prime Limited Partnership (Ashford Prime OP). It has a 31.83 P/E ratio. The Firm operates in the direct hotel investment segment of the hotel lodging industry.

Since March 14, 2017, it had 2 insider purchases, and 0 insider sales for $160,044 activity. Another trade for 5,000 shares valued at $52,500 was bought by McWilliams Curtis B. On Wednesday, March 15 Stockton Richard J bought $107,544 worth of Ashford Hospitality Prime Inc (NYSE:AHP) or 10,000 shares.

Investors sentiment increased to 1.23 in Q4 2016. Its up 0.45, from 0.78 in 2016Q3. It is positive, as 13 investors sold Ashford Hospitality Prime Inc shares while 34 reduced holdings. 20 funds opened positions while 38 raised stakes. 19.43 million shares or 0.51% less from 19.53 million shares in 2016Q3 were reported. State Common Retirement Fund, a New York-based fund reported 25,118 shares. 3,118 were accumulated by Envestnet Asset Inc. Alpine Woods Cap Lc holds 30,000 shares. Metropolitan Life Insur Ny owns 20,052 shares or 0% of their US portfolio. Us Bank & Trust De accumulated 283 shares. 61,617 were reported by State Board Of Administration Of Florida Retirement System. Amer Intl Gru Incorporated owns 14,771 shares. Blackrock Japan Ltd holds 2,381 shares. Price T Rowe Associate Md holds 0% in Ashford Hospitality Prime Inc (NYSE:AHP) or 11,768 shares. Bancorp Of America Corporation De stated it has 117,742 shares or 0% of all its holdings. Bnp Paribas Arbitrage Sa, New York-based fund reported 1,098 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Management Corporation owns 13,500 shares. Teachers Insurance Annuity Association Of America has invested 0.01% in Ashford Hospitality Prime Inc (NYSE:AHP). Credit Suisse Ag reported 0% in Ashford Hospitality Prime Inc (NYSE:AHP). 12,052 are held by Princeton Portfolio Strategies Lc.

The stock decreased 0.52% or $0.05 on August 11, reaching $9.56. About 202,205 shares traded. Ashford Hospitality Prime Inc (NYSE:AHP) has declined 4.67% since August 11, 2016 and is downtrending. It has underperformed by 21.37% the S&P500.

Among 13 analysts covering MGM Resorts (NYSE:MGM), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. MGM Resorts had 41 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was initiated by Goldman Sachs on Friday, December 16 with “Buy”. The stock of MGM Resorts International (NYSE:MGM) has “Positive” rating given on Friday, April 21 by Susquehanna. Citigroup maintained MGM Resorts International (NYSE:MGM) on Wednesday, April 13 with “Buy” rating. The stock has “Outperform” rating by Telsey Advisory Group on Friday, June 17. The firm earned “Buy” rating on Wednesday, August 5 by Stifel Nicolaus. The stock of MGM Resorts International (NYSE:MGM) earned “Buy” rating by Stifel Nicolaus on Friday, February 17. On Wednesday, August 5 the stock rating was downgraded by Zacks to “Hold”. Argus Research upgraded the shares of MGM in report on Thursday, October 6 to “Buy” rating. The rating was maintained by Telsey Advisory Group on Tuesday, January 17 with “Outperform”. Morgan Stanley initiated MGM Resorts International (NYSE:MGM) rating on Friday, May 6. Morgan Stanley has “Overweight” rating and $29 target.

Investors sentiment increased to 1.41 in 2016 Q4. Its up 0.43, from 0.98 in 2016Q3. It is positive, as 31 investors sold MGM shares while 121 reduced holdings. 93 funds opened positions while 121 raised stakes. 401.91 million shares or 0.07% more from 401.64 million shares in 2016Q3 were reported. Moreover, Ironsides Asset Advisors Limited Liability Corp has 0.07% invested in MGM Resorts International (NYSE:MGM) for 8,850 shares. Moreover, Elk Creek Prtnrs Ltd Co has 0.03% invested in MGM Resorts International (NYSE:MGM) for 15,360 shares. Bnp Paribas Arbitrage holds 34,025 shares. Bancshares Of America De owns 2.33 million shares. Nuveen Asset Mgmt Ltd invested in 0.12% or 792,814 shares. Parallax Volatility Advisers Lp invested in 459,513 shares or 0.03% of the stock. Prelude Capital Mngmt Lc owns 130,570 shares. Century has 3.82M shares. 100,000 are held by Moore Cap Limited Partnership. Cwm Limited Company holds 0% or 145 shares in its portfolio. Hightower Advsr Ltd Liability Corporation stated it has 0.01% of its portfolio in MGM Resorts International (NYSE:MGM). Highbridge Management Limited Co owns 18,900 shares or 0.01% of their US portfolio. Virginia Retirement Et Al invested 0.01% in MGM Resorts International (NYSE:MGM). Shell Asset Management holds 0.03% or 32,701 shares. Northwestern Mutual Wealth Mngmt Co has invested 0% of its portfolio in MGM Resorts International (NYSE:MGM).

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