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Gates Capital Management Lifted Its Mgm Resorts International (MGM) Position; Thor Inds (THO) Shareholder Parametrica Management LTD Has Decreased Its Stake as Stock Price Declined

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Parametrica Management Ltd decreased its stake in Thor Inds Inc (THO) by 62.8% based on its latest 2017Q4 regulatory filing with the SEC. Parametrica Management Ltd sold 2,973 shares as the company’s stock declined 25.88% with the market. The institutional investor held 1,761 shares of the consumer non-durables company at the end of 2017Q4, valued at $265,000, down from 4,734 at the end of the previous reported quarter. Parametrica Management Ltd who had been investing in Thor Inds Inc for a number of months, seems to be less bullish one the $5.03B market cap company. The stock increased 0.38% or $0.36 during the last trading session, reaching $95.39. About 1.48 million shares traded or 31.70% up from the average. Thor Industries, Inc. (NYSE:THO) has risen 15.62% since May 24, 2017 and is uptrending. It has outperformed by 4.07% the S&P500.

Jeffrey Gates increased its stake in Mgm Resorts International (MGM) by 10.56% based on its latest 2017Q4 regulatory filing with the SEC. Gates Capital Management Inc bought 327,415 shares as the company’s stock rose 4.56% while stock markets declined. The hedge fund run by Jeffrey Gates held 3.43 million shares of the hotels and resorts company at the end of 2017Q4, valued at $114.43M, up from 3.10M at the end of the previous reported quarter. Gates Capital Management Inc who had been investing in Mgm Resorts International for a number of months, seems to be bullish on the $17.40B market cap company. The stock decreased 1.11% or $0.35 during the last trading session, reaching $31.25. About 3.61 million shares traded. MGM Resorts International (NYSE:MGM) has risen 31.15% since May 24, 2017 and is uptrending. It has outperformed by 19.60% the S&P500.

More notable recent MGM Resorts International (NYSE:MGM) news were published by: Seekingalpha.com which released: “The sports betting scramble is on” on May 24, 2018, also Seekingalpha.com with their article: “MGM Resorts falls after US business disappoints” published on April 26, 2018, Seekingalpha.com published: “MGM Resorts fires off new $2B buyback plan” on May 11, 2018. More interesting news about MGM Resorts International (NYSE:MGM) were released by: Finance.Yahoo.com and their article: “Why MGM Resorts International, Arch Coal, and LendingTree Slumped Today” published on April 27, 2018 as well as Investorplace.com‘s news article titled: “20 Gambling Stocks to Play the Booming Economy” with publication date: May 24, 2018.

Investors sentiment decreased to 0.95 in 2017 Q4. Its down 0.58, from 1.53 in 2017Q3. It worsened, as 60 investors sold MGM shares while 150 reduced holdings. 71 funds opened positions while 128 raised stakes. 450.52 million shares or 1.77% less from 458.66 million shares in 2017Q3 were reported. Df Dent And has invested 0.02% of its portfolio in MGM Resorts International (NYSE:MGM). Moreover, Cwm Ltd Liability Corp has 0% invested in MGM Resorts International (NYSE:MGM). Wellington Shields Management Limited Liability Com accumulated 44,587 shares. Arizona State Retirement System holds 0.06% in MGM Resorts International (NYSE:MGM) or 192,587 shares. M&T National Bank & Trust Corporation accumulated 28,794 shares or 0.01% of the stock. Nuwave Investment Limited Liability holds 0.23% or 5,920 shares in its portfolio. Fifth Third Bank has invested 0% in MGM Resorts International (NYSE:MGM). First Trust Advsr Lp has invested 0.04% in MGM Resorts International (NYSE:MGM). Jefferies Gp Limited Liability Corporation stated it has 0% in MGM Resorts International (NYSE:MGM). Brown Advisory reported 0% in MGM Resorts International (NYSE:MGM). American Century invested in 1.54 million shares or 0.05% of the stock. Ironsides Asset Advsrs Ltd Liability Co has invested 0.19% of its portfolio in MGM Resorts International (NYSE:MGM). The Arizona-based Tci Wealth Advisors has invested 0% in MGM Resorts International (NYSE:MGM). Highstreet Asset Mngmt has invested 0.05% in MGM Resorts International (NYSE:MGM). Moreover, Creative Planning has 0.01% invested in MGM Resorts International (NYSE:MGM).

Since February 22, 2018, it had 1 buying transaction, and 7 insider sales for $5.19 million activity. $159,351 worth of MGM Resorts International (NYSE:MGM) was sold by HERMAN ALEXIS on Monday, March 12. SANDERS COREY IAN sold $848,588 worth of stock. GROUNDS WILLIAM WARWICK bought $35,500 worth of stock. 6,260 shares were sold by BIBLE WILLIAM A, worth $215,773 on Tuesday, March 6. $434,632 worth of MGM Resorts International (NYSE:MGM) shares were sold by TAYLOR DANIEL J. HORNBUCKLE WILLIAM also sold $2.18 million worth of MGM Resorts International (NYSE:MGM) on Friday, March 9.

Gates Capital Management Inc, which manages about $3.48 billion and $4.17 billion US Long portfolio, decreased its stake in Lamb Weston Hldgs Inc by 1.01M shares to 710,293 shares, valued at $40.10M in 2017Q4, according to the filing. It also reduced its holding in Versum Matls Inc by 716,709 shares in the quarter, leaving it with 2.15M shares, and cut its stake in Varian Med Sys Inc (NYSE:VAR).

Among 18 analysts covering MGM Resorts (NYSE:MGM), 14 have Buy rating, 0 Sell and 4 Hold. Therefore 78% are positive. MGM Resorts had 67 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, February 21. Deutsche Bank maintained MGM Resorts International (NYSE:MGM) on Tuesday, March 13 with “Hold” rating. The stock has “Buy” rating by UBS on Monday, November 2. Morgan Stanley maintained MGM Resorts International (NYSE:MGM) rating on Friday, October 13. Morgan Stanley has “Overweight” rating and $34 target. The stock has “Buy” rating by Stifel Nicolaus on Friday, February 17. The rating was maintained by JP Morgan with “Overweight” on Tuesday, October 13. The company was maintained on Friday, April 21 by Susquehanna. UBS maintained MGM Resorts International (NYSE:MGM) on Monday, June 20 with “Buy” rating. Roth Capital maintained the shares of MGM in report on Thursday, November 9 with “Buy” rating. Telsey Advisory Group maintained it with “Outperform” rating and $29 target in Friday, June 17 report.

Parametrica Management Ltd, which manages about $157.93 million US Long portfolio, upped its stake in Sirius Xm Hldgs Inc (NASDAQ:SIRI) by 84,356 shares to 131,815 shares, valued at $707,000 in 2017Q4, according to the filing. It also increased its holding in Copart Inc (NASDAQ:CPRT) by 10,122 shares in the quarter, for a total of 16,555 shares, and has risen its stake in Cnh Indl N V (NYSE:CNHI).

Analysts await Thor Industries, Inc. (NYSE:THO) to report earnings on June, 6 after the close. They expect $2.63 earnings per share, up 24.64% or $0.52 from last year’s $2.11 per share. THO’s profit will be $138.60 million for 9.07 P/E if the $2.63 EPS becomes a reality. After $1.92 actual earnings per share reported by Thor Industries, Inc. for the previous quarter, Wall Street now forecasts 36.98% EPS growth.

Thor Industries, Inc. (NYSE:THO) Institutional Positions Chart

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