Mad River Investors Holding in Icahn Enterprises LP (IEP) Cut by $1.96 Million; As Mgm Resorts International (MGM) Stock Value Rose, Senator Investment Group LP Increased Stake by $64.00 Million

February 18, 2018 - By Richard Conner

Mad River Investors decreased its stake in Icahn Enterprises Lp (IEP) by 33.36% based on its latest 2017Q3 regulatory filing with the SEC. Mad River Investors sold 36,380 shares as the company’s stock declined 12.27% while stock markets rallied. The hedge fund held 72,672 shares of the integrated oil company at the end of 2017Q3, valued at $3.99M, down from 109,052 at the end of the previous reported quarter. Mad River Investors who had been investing in Icahn Enterprises Lp for a number of months, seems to be less bullish one the $9.63 billion market cap company. The stock increased 0.42% or $0.24 during the last trading session, reaching $56.95. About 66,677 shares traded. Icahn Enterprises L.P. (NASDAQ:IEP) has declined 7.69% since February 18, 2017 and is downtrending. It has underperformed by 24.39% the S&P500.

Doug Silverman increased its stake in Mgm Resorts International (MGM) by 26.67% based on its latest 2017Q3 regulatory filing with the SEC. Senator Investment Group Lp bought 2.00M shares as the company’s stock rose 17.48% with the market. The hedge fund run by Doug Silverman held 9.50 million shares of the hotels and resorts company at the end of 2017Q3, valued at $309.61 million, up from 7.50M at the end of the previous reported quarter. Senator Investment Group Lp who had been investing in Mgm Resorts International for a number of months, seems to be bullish on the $19.52 billion market cap company. The stock decreased 1.51% or $0.53 during the last trading session, reaching $34.47. About 8.30M shares traded or 6.37% up from the average. MGM Resorts International (NYSE:MGM) has risen 45.28% since February 18, 2017 and is uptrending. It has outperformed by 28.58% the S&P500.

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. Stifel Nicolaus maintained the shares of MGM in report on Wednesday, August 30 with “Buy” rating. On Wednesday, November 1 the stock rating was maintained by Nomura with “Buy”. UBS upgraded the shares of MGM in report on Monday, November 2 to “Buy” rating. The stock of MGM Resorts International (NYSE:MGM) has “Outperform” rating given on Friday, May 6 by Telsey Advisory Group. As per Wednesday, November 1, the company rating was maintained by JP Morgan. Morgan Stanley maintained the stock with “Overweight” rating in Friday, October 13 report. The stock has “Buy” rating by Deutsche Bank on Friday, October 30. UBS downgraded the stock to “Neutral” rating in Tuesday, August 1 report. JP Morgan maintained MGM Resorts International (NYSE:MGM) rating on Tuesday, October 13. JP Morgan has “Overweight” rating and $28 target. On Wednesday, August 5 the stock rating was maintained by Stifel Nicolaus with “Buy”.

Investors sentiment increased to 1.53 in Q3 2017. 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. 492,943 were reported by Gateway Investment Advisers Ltd Llc. Supplemental Annuity Collective Trust Of Nj stated it has 0.43% in MGM Resorts International (NYSE:MGM). Private Advisor Gru Ltd Limited Liability Company has invested 0.02% in MGM Resorts International (NYSE:MGM). Water Island Cap Limited Company reported 0.08% stake. Bnp Paribas Arbitrage Sa owns 0.03% invested in MGM Resorts International (NYSE:MGM) for 418,102 shares. Axiom Intll Ltd De has invested 1.41% in MGM Resorts International (NYSE:MGM). New Mexico Educational Retirement Board stated it has 44,800 shares. Sg Americas Secs Ltd Liability owns 11,866 shares or 0% of their US portfolio. Cwm Ltd Liability Company invested in 0% or 284 shares. The New York-based Millennium Mgmt Ltd Liability Corp has invested 0.04% in MGM Resorts International (NYSE:MGM). Axa stated it has 0.04% in MGM Resorts International (NYSE:MGM). 87,912 are owned by Counselors. Dupont Mngmt Corp invested in 2,483 shares or 0% of the stock. Comerica Bancshares, a Michigan-based fund reported 114,897 shares. Ent Financial invested 0% of its portfolio in MGM Resorts International (NYSE:MGM).

Since September 6, 2017, it had 0 insider buys, and 7 sales for $14.89 million activity. Mckinney-James Rose had sold 3,097 shares worth $104,779 on Wednesday, September 6. McManus John had sold 5,273 shares worth $177,701 on Friday, September 8. $1.37M worth of stock was sold by SELWOOD ROBERT on Wednesday, September 6. On Thursday, September 7 the insider D’ARRIGO DANIEL sold $1.03 million. $1.63M worth of MGM Resorts International (NYSE:MGM) was sold by BALDWIN ROBERT on Monday, September 11. 294,150 MGM Resorts International (NYSE:MGM) shares with value of $10.02M were sold by MURREN JAMES.

Senator Investment Group Lp, which manages about $11.90 billion and $7.52 billion US Long portfolio, decreased its stake in Spirit Rlty Cap Inc New (NYSE:SRC) by 13.00 million shares to 22.00M shares, valued at $188.54 million in 2017Q3, according to the filing. It also reduced its holding in Acadia Pharmaceuticals Inc (NASDAQ:ACAD) by 556,262 shares in the quarter, leaving it with 1.44M shares, and cut its stake in Cognizant Technology Solutio (NASDAQ:CTSH).

Among 2 analysts covering Icahn Enterprises LP (NASDAQ:IEP), 1 have Buy rating, 1 Sell and 0 Hold. Therefore 50% are positive. Icahn Enterprises LP had 4 analyst reports since July 22, 2015 according to SRatingsIntel. UBS downgraded Icahn Enterprises L.P. (NASDAQ:IEP) rating on Thursday, August 18. UBS has “Sell” rating and $30 target. The stock has “Sell” rating by UBS on Wednesday, November 8. The firm earned “Buy” rating on Friday, November 3 by Jefferies.

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