Shareholder Canyon Capital Advisors Raised Mgm Resorts International (MGM) Stake; Sp Plus (SP) Holder Lionstone Capital Management Lowered Position by $2.45 Million as Share Value Rose

December 21, 2017 - By Ellis Scott

Leon Lowenstein decreased its stake in Sp Plus Corp (SP) by 9.59% based on its latest 2017Q3 regulatory filing with the SEC. Lionstone Capital Management Llc sold 62,900 shares as the company’s stock rose 1.42% with the market. The hedge fund run by Leon Lowenstein held 592,715 shares of the rental and leasing company at the end of 2017Q3, valued at $23.41M, down from 655,615 at the end of the previous reported quarter. Lionstone Capital Management Llc who had been investing in Sp Plus Corp for a number of months, seems to be less bullish one the $858.12M market cap company. The stock decreased 0.64% or $0.25 during the last trading session, reaching $38.65. About 129,809 shares traded. SP Plus Corporation (NASDAQ:SP) has risen 33.01% since December 21, 2016 and is uptrending. It has outperformed by 16.31% the S&P500.

Joshua Friedman increased its stake in Mgm Resorts International (MGM) by 7.14% based on its latest 2017Q3 regulatory filing with the SEC. Canyon Capital Advisors Llc bought 1.38 million shares as the company’s stock rose 17.48% with the market. The hedge fund run by Joshua Friedman held 20.79M shares of the hotels and resorts company at the end of 2017Q3, valued at $677.45M, up from 19.40M at the end of the previous reported quarter. Canyon Capital Advisors Llc who had been investing in Mgm Resorts International for a number of months, seems to be bullish on the $19.10B market cap company. The stock increased 1.72% or $0.57 during the last trading session, reaching $33.73. About 6.96 million shares traded. MGM Resorts International (NYSE:MGM) has risen 45.28% since December 21, 2016 and is uptrending. It has outperformed by 28.58% the S&P500.

Among 2 analysts covering SP Plus (NASDAQ:SP), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. SP Plus had 2 analyst reports since September 4, 2015 according to SRatingsIntel. On Friday, September 4 the stock rating was maintained by UBS with “Buy”. On Monday, November 9 the stock rating was maintained by Barrington Research with “Outperform”.

Lionstone Capital Management Llc, which manages about $414.04M and $212.27 million US Long portfolio, upped its stake in Cintas Corp (NASDAQ:CTAS) by 17,000 shares to 155,000 shares, valued at $22.36 million in 2017Q3, according to the filing.

Analysts await SP Plus Corporation (NASDAQ:SP) to report earnings on February, 28. They expect $0.40 EPS, down 23.08% or $0.12 from last year’s $0.52 per share. SP’s profit will be $8.88M for 24.16 P/E if the $0.40 EPS becomes a reality. After $0.50 actual EPS reported by SP Plus Corporation for the previous quarter, Wall Street now forecasts -20.00% negative EPS growth.

Investors sentiment decreased to 1.75 in Q3 2017. Its down 1.63, from 3.38 in 2017Q2. It worsened, as 10 investors sold SP shares while 45 reduced holdings. 40 funds opened positions while 56 raised stakes. 21.50 million shares or 49.06% less from 42.21 million shares in 2017Q2 were reported. Voya Inv Management Ltd Liability Company stated it has 10,343 shares or 0% of all its holdings. Mufg Americas Hldgs Corporation reported 160 shares. Bogle Invest Mngmt Ltd Partnership De has invested 0.24% of its portfolio in SP Plus Corporation (NASDAQ:SP). Brookfield Asset Mgmt Incorporated accumulated 1,425 shares or 0% of the stock. Thompson Siegel & Walmsley Ltd has 0.16% invested in SP Plus Corporation (NASDAQ:SP). First Quadrant LP Ca owns 22,163 shares or 0.02% of their US portfolio. First Trust Lp holds 0% or 17,868 shares in its portfolio. Guggenheim Ltd Limited Liability Company invested in 0.01% or 57,422 shares. Wcm Investment Mgmt Ca stated it has 138,369 shares. Clark Estates Inc New York owns 44,000 shares or 0.29% of their US portfolio. The United Kingdom-based Barclays Plc has invested 0% in SP Plus Corporation (NASDAQ:SP). Wells Fargo Commerce Mn has 0% invested in SP Plus Corporation (NASDAQ:SP) for 189,027 shares. Bard Associates Inc has 60,680 shares for 1.12% of their portfolio. Tower Rech Capital Limited Liability (Trc) reported 2,079 shares. New York State Common Retirement Fund reported 0% stake.

Canyon Capital Advisors Llc, which manages about $20.20 billion and $6.69B US Long portfolio, decreased its stake in Amc Entmt Hldgs Inc (NYSE:AMC) by 268,383 shares to 1.68 million shares, valued at $24.72M in 2017Q3, according to the filing. It also reduced its holding in C&J Energy Svcs Inc New by 608,800 shares in the quarter, leaving it with 1.23 million shares, and cut its stake in Time Warner Inc (NYSE:TWX).

Since July 31, 2017, it had 0 insider buys, and 11 sales for $18.81 million activity. MURREN JAMES had sold 57,269 shares worth $1.89 million on Monday, July 31. 30,318 shares were sold by D’ARRIGO DANIEL, worth $1.03M on Thursday, September 7. McManus John had sold 5,273 shares worth $177,701. 40,325 MGM Resorts International (NYSE:MGM) shares with value of $1.37 million were sold by SELWOOD ROBERT. The insider HERMAN ALEXIS sold 3,745 shares worth $121,732. $104,779 worth of MGM Resorts International (NYSE:MGM) was sold by Mckinney-James Rose on Wednesday, September 6.

Among 15 analysts covering MGM Resorts (NYSE:MGM), 11 have Buy rating, 0 Sell and 4 Hold. Therefore 73% are positive. MGM Resorts had 54 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of MGM Resorts International (NYSE:MGM) earned “Buy” rating by Nomura on Wednesday, October 5. The firm has “Outperform” rating given on Tuesday, November 8 by Telsey Advisory Group. As per Wednesday, April 5, the company rating was maintained by Goldman Sachs. The stock has “Overweight” rating by JP Morgan on Thursday, January 28. The stock of MGM Resorts International (NYSE:MGM) earned “Buy” rating by Nomura on Wednesday, November 1. The stock of MGM Resorts International (NYSE:MGM) earned “Strong-Buy” rating by Vetr on Monday, August 31. Susquehanna maintained MGM Resorts International (NYSE:MGM) on Friday, April 21 with “Positive” rating. The stock has “Buy” rating by Roth Capital on Thursday, November 9. The rating was maintained by Citigroup on Wednesday, April 13 with “Buy”. The firm earned “Outperform” rating on Tuesday, January 17 by Telsey Advisory Group.