Suffolk Capital Management Upped By $427,296 Its Mgm Resorts International (MGM) Position; Pzena Investment Management (PZN) Has 3.13 Sentiment

February 22, 2018 - By Peter Erickson

Suffolk Capital Management Llc increased Mgm Resorts International (MGM) stake by 3.52% reported in 2017Q3 SEC filing. Suffolk Capital Management Llc acquired 13,353 shares as Mgm Resorts International (MGM)’s stock rose 17.48%. The Suffolk Capital Management Llc holds 393,201 shares with $12.81 million value, up from 379,848 last quarter. Mgm Resorts International now has $19.48 billion valuation. The stock decreased 0.89% or $0.31 during the last trading session, reaching $34.4. About 7.49 million shares traded. MGM Resorts International (NYSE:MGM) has risen 45.28% since February 22, 2017 and is uptrending. It has outperformed by 28.58% the S&P500.

Pzena Investment Management, Inc. is a publicly owned investment manager. The company has market cap of $720.31 million. The firm manages equity mutual funds for its clients. It has a 14.97 P/E ratio. It invests in the public equity markets.

Since September 6, 2017, it had 0 insider buys, and 7 selling transactions for $14.89 million activity. BALDWIN ROBERT also sold $1.63 million worth of MGM Resorts International (NYSE:MGM) on Monday, September 11. D’ARRIGO DANIEL had sold 30,318 shares worth $1.03M on Thursday, September 7. McManus John had sold 5,273 shares worth $177,701 on Friday, September 8. Shares for $104,779 were sold by Mckinney-James Rose on Wednesday, September 6. 16,446 shares were sold by SANDERS COREY IAN, worth $553,133 on Wednesday, September 6. 40,325 shares valued at $1.37M were sold by SELWOOD ROBERT on Wednesday, September 6. MURREN JAMES also sold $10.02 million worth of MGM Resorts International (NYSE:MGM) shares.

Suffolk Capital Management Llc decreased Mistras Group Inc. (NYSE:MG) stake by 16,685 shares to 65,563 valued at $1.34M in 2017Q3. It also reduced Mgp Ingredients Inc. (NASDAQ:MGPI) stake by 15,779 shares and now owns 19,984 shares. Apple Inc (NASDAQ:AAPL) was reduced too.

Among 17 analysts covering MGM Resorts (NYSE:MGM), 13 have Buy rating, 0 Sell and 4 Hold. Therefore 76% are positive. MGM Resorts had 59 analyst reports since August 5, 2015 according to SRatingsIntel. Morgan Stanley maintained MGM Resorts International (NYSE:MGM) rating on Friday, October 13. Morgan Stanley has “Overweight” rating and $34 target. UBS maintained the shares of MGM in report on Monday, June 20 with “Buy” rating. The firm has “Buy” rating given on Wednesday, February 21 by Bank of America. JP Morgan maintained the shares of MGM in report on Tuesday, October 13 with “Overweight” rating. Telsey Advisory Group maintained MGM Resorts International (NYSE:MGM) on Tuesday, November 8 with “Outperform” rating. The firm has “Hold” rating given on Thursday, February 15 by Susquehanna. The firm earned “Buy” rating on Wednesday, October 5 by Nomura. The rating was downgraded by Stifel Nicolaus on Wednesday, October 18 to “Hold”. The stock has “Buy” rating by Goldman Sachs on Wednesday, April 5. The rating was initiated by Morgan Stanley with “Overweight” on Friday, May 6.

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. Shellback Ltd Partnership has 2.65% invested in MGM Resorts International (NYSE:MGM) for 898,989 shares. Vanguard Group Inc Incorporated holds 0.08% in MGM Resorts International (NYSE:MGM) or 50.82 million shares. California-based First Western Cap Mngmt Com has invested 0.12% in MGM Resorts International (NYSE:MGM). Fred Alger Management owns 5,917 shares. Profund Advsrs Lc invested in 0.02% or 14,741 shares. Iridian Asset Management Limited Liability Ct invested in 1.94% or 6.96 million shares. Vident Inv Advisory Lc has invested 0.01% in MGM Resorts International (NYSE:MGM). Redwood Invs Ltd Company reported 1.12% stake. Metropolitan Life Insur New York holds 246,146 shares or 0.05% of its portfolio. Alliancebernstein Lp owns 820,419 shares. Invesco holds 0.01% or 990,449 shares in its portfolio. Hutchin Hill Capital Ltd Partnership stated it has 235,071 shares or 0.29% of all its holdings. Duncker Streett invested in 350 shares. Consolidated Invest Gru Ltd holds 2.72% or 165,273 shares. Hap Trading Ltd Liability Corporation has 0.27% invested in MGM Resorts International (NYSE:MGM).

Punch & Associates Investment Management Inc. holds 1.65% of its portfolio in Pzena Investment Management, Inc for 1.72 million shares. Cacti Asset Management Llc owns 711,650 shares or 0.65% of their US portfolio. Moreover, Deprince Race & Zollo Inc has 0.21% invested in the company for 842,134 shares. The California-based Falcon Point Capital Llc has invested 0.21% in the stock. Teton Advisors Inc., a New York-based fund reported 158,000 shares.

Analysts await Pzena Investment Management, Inc (NYSE:PZN) to report earnings on April, 17. They expect $0.19 EPS, up 58.33% or $0.07 from last year’s $0.12 per share. PZN’s profit will be $13.02M for 13.83 P/E if the $0.19 EPS becomes a reality. After $0.19 actual EPS reported by Pzena Investment Management, Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

The stock decreased 1.31% or $0.14 during the last trading session, reaching $10.51. About 45,143 shares traded. Pzena Investment Management, Inc (PZN) has declined 1.90% since February 22, 2017 and is downtrending. It has underperformed by 18.60% the S&P500.

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