Jpmorgan Chase & Company Trimmed Msci (MSCI) Stake as Market Valuation Rose; Senator Investment Group LP Increases Stake in Mgm Resorts International (MGM)

February 24, 2018 - By Clifton Ray

Jpmorgan Chase & Company decreased its stake in Msci Inc (MSCI) by 5.96% based on its latest 2017Q3 regulatory filing with the SEC. Jpmorgan Chase & Company sold 68,437 shares as the company’s stock rose 4.89% with the market. The institutional investor held 1.08M shares of the business services company at the end of 2017Q3, valued at $126.20M, down from 1.15M at the end of the previous reported quarter. Jpmorgan Chase & Company who had been investing in Msci Inc for a number of months, seems to be less bullish one the $13.06 billion market cap company. The stock increased 1.48% or $2.12 during the last trading session, reaching $144.99. About 294,565 shares traded. MSCI Inc. (NYSE:MSCI) has risen 31.33% since February 24, 2017 and is uptrending. It has outperformed by 14.63% 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 9.50M 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 $20.04B market cap company. The stock increased 2.52% or $0.87 during the last trading session, reaching $35.38. About 4.48 million shares traded. MGM Resorts International (NYSE:MGM) has risen 45.28% since February 24, 2017 and is uptrending. It has outperformed by 28.58% the S&P500.

Among 18 analysts covering MGM Resorts (NYSE:MGM), 14 have Buy rating, 0 Sell and 4 Hold. Therefore 78% are positive. MGM Resorts had 60 analyst reports since August 5, 2015 according to SRatingsIntel. Telsey Advisory Group maintained MGM Resorts International (NYSE:MGM) rating on Friday, June 17. Telsey Advisory Group has “Outperform” rating and $29 target. On Monday, August 31 the stock rating was downgraded by Vetr to “Strong-Buy”. The firm earned “Buy” rating on Thursday, November 9 by Roth Capital. The stock of MGM Resorts International (NYSE:MGM) has “Buy” rating given on Thursday, August 11 by Buckingham Research. The firm has “Outperform” rating by Telsey Advisory Group given on Friday, December 9. The stock of MGM Resorts International (NYSE:MGM) earned “Positive” rating by Susquehanna on Monday, June 20. The firm earned “Buy” rating on Friday, April 28 by Stifel Nicolaus. The firm has “Hold” rating given on Wednesday, August 5 by Zacks. The stock has “Overweight” rating by JP Morgan on Wednesday, November 1. The rating was maintained by Citigroup on Wednesday, April 13 with “Buy”.

Investors sentiment increased to 1.53 in Q3 2017. Its up 0.52, from 1.01 in 2017Q2. It is positive, 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. State Of Alaska Department Of Revenue reported 0.06% of its portfolio in MGM Resorts International (NYSE:MGM). Eagle Asset Management Inc holds 0.26% or 1.50M shares. Primecap Mgmt Ca reported 3.31 million shares stake. Crystal Rock Management owns 97,190 shares or 2.11% of their US portfolio. Moreover, Emerald Mutual Fund Advisers has 0.01% invested in MGM Resorts International (NYSE:MGM) for 8,085 shares. Susquehanna Ltd Liability Partnership holds 0.02% of its portfolio in MGM Resorts International (NYSE:MGM) for 1.02 million shares. Horizon Kinetics Limited Liability Corporation holds 0.07% of its portfolio in MGM Resorts International (NYSE:MGM) for 69,250 shares. Advisory Net Limited Liability Com holds 61 shares. Cambiar Limited has invested 0% in MGM Resorts International (NYSE:MGM). Strs Ohio has 0% invested in MGM Resorts International (NYSE:MGM) for 31,600 shares. Caxton Assoc LP holds 215,000 shares. Stifel Financial has invested 0.02% in MGM Resorts International (NYSE:MGM). Geode Cap holds 5.24 million shares. Virtus Investment Advisers has invested 0.61% in MGM Resorts International (NYSE:MGM). Colony Grp Ltd Limited Liability Company reported 0.01% in MGM Resorts International (NYSE:MGM).

Senator Investment Group Lp, which manages about $11.90 billion and $7.52 billion US Long portfolio, decreased its stake in Allergan Plc by 299,171 shares to 1.20M shares, valued at $246.11 million in 2017Q3, according to the filing. It also reduced its holding in Sba Communications Corp New by 1.77 million shares in the quarter, leaving it with 625,000 shares, and cut its stake in Synchrony Finl (NYSE:SYF).

Since September 6, 2017, it had 0 insider buys, and 7 selling transactions for $14.89 million activity. $1.63 million worth of MGM Resorts International (NYSE:MGM) was sold by BALDWIN ROBERT on Monday, September 11. McManus John also sold $177,701 worth of MGM Resorts International (NYSE:MGM) shares. 30,318 MGM Resorts International (NYSE:MGM) shares with value of $1.03 million were sold by D’ARRIGO DANIEL. $553,133 worth of MGM Resorts International (NYSE:MGM) was sold by SANDERS COREY IAN on Wednesday, September 6. 3,097 shares were sold by Mckinney-James Rose, worth $104,779 on Wednesday, September 6. On Thursday, September 7 the insider MURREN JAMES sold $10.02M.

Among 9 analysts covering MSCI Inc. (NYSE:MSCI), 3 have Buy rating, 2 Sell and 4 Hold. Therefore 33% are positive. MSCI Inc. had 16 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of MSCI Inc. (NYSE:MSCI) earned “Market Perform” rating by Keefe Bruyette & Woods on Monday, November 2. The company was upgraded on Monday, November 2 by UBS. The stock has “Buy” rating by UBS on Friday, November 3. The company was downgraded on Monday, August 31 by Northcoast. The rating was maintained by Credit Suisse on Friday, November 3 with “Outperform”. Morgan Stanley maintained MSCI Inc. (NYSE:MSCI) on Friday, November 3 with “Equal-Weight” rating. The rating was maintained by Morgan Stanley on Wednesday, January 31 with “Equal-Weight”. As per Tuesday, November 10, the company rating was initiated by Cantor Fitzgerald. The stock has “Sell” rating by Evercore on Tuesday, October 11. Morgan Stanley maintained MSCI Inc. (NYSE:MSCI) on Monday, August 7 with “Equal-Weight” rating.

Analysts await MSCI Inc. (NYSE:MSCI) to report earnings on May, 3. They expect $1.28 earnings per share, up 45.45% or $0.40 from last year’s $0.88 per share. MSCI’s profit will be $115.29M for 28.32 P/E if the $1.28 EPS becomes a reality. After $1.15 actual earnings per share reported by MSCI Inc. for the previous quarter, Wall Street now forecasts 11.30% EPS growth.

Investors sentiment increased to 1.32 in Q3 2017. Its up 0.16, from 1.16 in 2017Q2. It is positive, as 22 investors sold MSCI shares while 102 reduced holdings. 54 funds opened positions while 110 raised stakes. 81.35 million shares or 1.88% less from 82.91 million shares in 2017Q2 were reported. Tarbox Family Office reported 0% stake. American Century Companies Inc holds 1.43M shares. Millennium Management Limited Liability Corporation has invested 0.1% in MSCI Inc. (NYSE:MSCI). D E Shaw And Company Inc invested in 384,676 shares. Barclays Public Ltd Company accumulated 74,958 shares or 0.01% of the stock. 1832 Asset Lp holds 570 shares or 0% of its portfolio. Ycg Limited accumulated 162,800 shares. Ing Groep Nv invested 0.02% of its portfolio in MSCI Inc. (NYSE:MSCI). Pax World Management stated it has 3,466 shares. Manufacturers Life Insur The reported 132,718 shares or 0.02% of all its holdings. Cantab Capital Llp owns 4,720 shares. Nuveen Asset Management Limited Liability Com owns 154,767 shares. Massachusetts-based Numeric Invsts Llc has invested 0.04% in MSCI Inc. (NYSE:MSCI). Tocqueville Asset Mngmt Ltd Partnership holds 0% in MSCI Inc. (NYSE:MSCI) or 1,716 shares. Wright Investors reported 2,935 shares.

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