Mgm Resorts International (MGM) Holder Capital Management Associates Trimmed Its Position; Pitcairn Company Position In Centene Del (CNC) Was Has Upped

February 18, 2018 - By Marguerite Chambers

Capital Management Associates decreased its stake in Mgm Resorts International (MGM) by 33.59% based on its latest 2017Q3 regulatory filing with the SEC. Capital Management Associates sold 11,050 shares as the company’s stock rose 17.48% with the market. The institutional investor held 21,846 shares of the hotels and resorts company at the end of 2017Q3, valued at $712,000, down from 32,896 at the end of the previous reported quarter. Capital Management Associates who had been investing in Mgm Resorts International for a number of months, seems to be less bullish one the $19.52B 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.

Pitcairn Company increased its stake in Centene Corp Del (CNC) by 46.73% based on its latest 2017Q3 regulatory filing with the SEC. Pitcairn Company bought 5,380 shares as the company’s stock rose 11.03% with the market. The institutional investor held 16,894 shares of the medical specialities company at the end of 2017Q3, valued at $1.64 million, up from 11,514 at the end of the previous reported quarter. Pitcairn Company who had been investing in Centene Corp Del for a number of months, seems to be bullish on the $17.38 billion market cap company. The stock increased 0.46% or $0.46 during the last trading session, reaching $100.22. About 1.27M shares traded. Centene Corporation (NYSE:CNC) has risen 32.56% since February 18, 2017 and is uptrending. It has outperformed by 15.86% 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. The firm has “Outperform” rating by Telsey Advisory Group given on Friday, December 9. The firm has “Hold” rating given on Thursday, November 9 by Stifel Nicolaus. Vetr downgraded the stock to “Strong-Buy” rating in Monday, August 31 report. On Thursday, February 15 the stock rating was maintained by Susquehanna with “Hold”. As per Tuesday, August 1, the company rating was downgraded by UBS. The firm has “Buy” rating given on Thursday, July 27 by Deutsche Bank. Telsey Advisory Group maintained it with “Outperform” rating and $33 target in Tuesday, January 17 report. As per Monday, September 11, the company rating was downgraded by Deutsche Bank. The company was maintained on Monday, June 20 by UBS. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, November 8.

Since September 6, 2017, it had 0 insider purchases, and 7 sales for $14.89 million activity. MURREN JAMES had sold 294,150 shares worth $10.02 million on Thursday, September 7. 3,097 shares valued at $104,779 were sold by Mckinney-James Rose on Wednesday, September 6. 5,273 MGM Resorts International (NYSE:MGM) shares with value of $177,701 were sold by McManus John. On Monday, September 11 BALDWIN ROBERT sold $1.63M worth of MGM Resorts International (NYSE:MGM) or 49,179 shares. 40,325 shares were sold by SELWOOD ROBERT, worth $1.37M on Wednesday, September 6. On Thursday, September 7 D’ARRIGO DANIEL sold $1.03M worth of MGM Resorts International (NYSE:MGM) or 30,318 shares.

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. 737,900 are held by Adage Capital Partners Grp Inc Limited Liability. 2.96 million are held by Par Cap. Trexquant Lp holds 9,239 shares. Moreover, Virtu Financial Ltd has 0% invested in MGM Resorts International (NYSE:MGM) for 28,888 shares. Brookfield Asset Mgmt, Ontario – Canada-based fund reported 90,000 shares. Regentatlantic Llc has invested 0.1% in MGM Resorts International (NYSE:MGM). Guggenheim Cap Limited Liability Corp has invested 0.07% in MGM Resorts International (NYSE:MGM). Tarbox Family Office invested 0% in MGM Resorts International (NYSE:MGM). Hartford Investment Management owns 110,657 shares. Cap Ww accumulated 17.47 million shares. State Board Of Administration Of Florida Retirement System holds 674,968 shares. Moreover, Focused Wealth has 0.01% invested in MGM Resorts International (NYSE:MGM). American Century stated it has 0.1% in MGM Resorts International (NYSE:MGM). New York State Teachers Retirement reported 556,496 shares. Tudor Inv Corp Et Al reported 0.27% in MGM Resorts International (NYSE:MGM).

Investors sentiment decreased to 1.07 in 2017 Q3. Its down 0.14, from 1.21 in 2017Q2. It fall, as 54 investors sold CNC shares while 174 reduced holdings. 83 funds opened positions while 160 raised stakes. 150.53 million shares or 0.42% less from 151.16 million shares in 2017Q2 were reported. Focused Wealth Mgmt Inc accumulated 100 shares. Louisiana State Employees Retirement System accumulated 10,800 shares. Avalon Ltd Company owns 0.32% invested in Centene Corporation (NYSE:CNC) for 104,541 shares. Triangle Securities Wealth invested 0.13% in Centene Corporation (NYSE:CNC). 408,933 are held by Fmr Limited Com. Vaughan Nelson Investment Mgmt Limited Partnership invested 0.65% of its portfolio in Centene Corporation (NYSE:CNC). Sandy Spring Bancshares owns 0.01% invested in Centene Corporation (NYSE:CNC) for 700 shares. Prudential stated it has 0.11% of its portfolio in Centene Corporation (NYSE:CNC). Advisory Services Net Ltd Liability stated it has 896 shares. 99,780 are owned by Osborne Capital Mgmt Ltd Liability. New York-based American Gp has invested 0.02% in Centene Corporation (NYSE:CNC). Gargoyle Invest Advisor Ltd Liability Com accumulated 8,630 shares or 0.31% of the stock. Mariner Wealth Advsrs Limited Liability accumulated 0.02% or 4,849 shares. Macquarie Group Inc Limited stated it has 0.01% of its portfolio in Centene Corporation (NYSE:CNC). 9,000 are held by Alpine Woods Capital Invsts Limited Co.

Pitcairn Company, which manages about $882.92M US Long portfolio, decreased its stake in Visa Inc (NYSE:V) by 4,874 shares to 80,719 shares, valued at $8.49M in 2017Q3, according to the filing. It also reduced its holding in Vanguard Scottsdale Fds (VTHR) by 3,860 shares in the quarter, leaving it with 72,628 shares, and cut its stake in Costco Whsl Corp New (NASDAQ:COST).

Since October 26, 2017, it had 0 buys, and 3 insider sales for $2.28 million activity. Hunter Jesse N also sold $987,300 worth of Centene Corporation (NYSE:CNC) on Tuesday, December 19.

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