Mgm Resorts International (MGM) Holder Palestra Capital Management Upped Stake by $19.14 Million; Wesco Intl (WCC) Holder Edgepoint Investment Group Trimmed Stake by $592,620

April 23, 2018 - By Peter Erickson

WESCO International, Inc. (NYSE:WCC) Logo

Edgepoint Investment Group Inc decreased its stake in Wesco Intl Inc (WCC) by 0.21% based on its latest 2017Q4 regulatory filing with the SEC. Edgepoint Investment Group Inc sold 8,715 shares as the company’s stock declined 6.71% with the market. The institutional investor held 4.17 million shares of the consumer non-durables company at the end of 2017Q4, valued at $284.08 million, down from 4.18M at the end of the previous reported quarter. Edgepoint Investment Group Inc who had been investing in Wesco Intl Inc for a number of months, seems to be less bullish one the $2.97 billion market cap company. The stock decreased 0.32% or $0.2 during the last trading session, reaching $63. About 67,655 shares traded. WESCO International, Inc. (NYSE:WCC) has declined 10.64% since April 23, 2017 and is downtrending. It has underperformed by 22.19% the S&P500.

Andrew Immerman increased its stake in Mgm Resorts International (MGM) by 27.75% based on its latest 2017Q4 regulatory filing with the SEC. Palestra Capital Management Llc bought 580,000 shares as the company’s stock rose 4.56% while stock markets declined. The hedge fund run by Andrew Immerman held 2.67 million shares of the hotels and resorts company at the end of 2017Q4, valued at $89.15M, up from 2.09 million at the end of the previous reported quarter. Palestra Capital Management Llc who had been investing in Mgm Resorts International for a number of months, seems to be bullish on the $20.45B market cap company. The stock increased 1.81% or $0.64 during the last trading session, reaching $36.08. About 4.77M shares traded. MGM Resorts International (NYSE:MGM) has risen 31.15% since April 23, 2017 and is uptrending. It has outperformed by 19.60% the S&P500.

Investors sentiment increased to 1.27 in Q4 2017. Its up 0.29, from 0.98 in 2017Q3. It increased, as 17 investors sold WCC shares while 68 reduced holdings. 43 funds opened positions while 65 raised stakes. 46.81 million shares or 2.52% more from 45.65 million shares in 2017Q3 were reported. Fort Washington Invest Advsr Oh has 60,139 shares. 263,791 are owned by Wells Fargo & Mn. Moreover, Venator Cap Mgmt Limited has 4.32% invested in WESCO International, Inc. (NYSE:WCC). Rbf Cap Ltd Company invested 0.06% of its portfolio in WESCO International, Inc. (NYSE:WCC). Price T Rowe Associate Md stated it has 18,405 shares or 0% of all its holdings. Oppenheimer Asset Inc invested in 0.01% or 7,660 shares. Barclays Pcl invested in 26,672 shares or 0% of the stock. State Of Alaska Department Of Revenue has 2,900 shares for 0% of their portfolio. Moreover, Blue Harbour Group Limited Partnership has 0.3% invested in WESCO International, Inc. (NYSE:WCC). Ontario – Canada-based Edgepoint Inv has invested 4.06% in WESCO International, Inc. (NYSE:WCC). The Illinois-based Citadel Advisors Lc has invested 0% in WESCO International, Inc. (NYSE:WCC). Olstein Cap Mngmt Limited Partnership reported 1.84% stake. Metropolitan Life Insur Ny reported 1,357 shares. Assetmark reported 0% stake. Bluecrest owns 29,408 shares for 0.05% of their portfolio.

Among 20 analysts covering Wesco International Inc. (NYSE:WCC), 9 have Buy rating, 0 Sell and 11 Hold. Therefore 45% are positive. Wesco International Inc. had 71 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Hold” rating by Oppenheimer given on Wednesday, June 7. Credit Suisse downgraded it to “Hold” rating and $70.0 target in Wednesday, December 13 report. Oppenheimer maintained WESCO International, Inc. (NYSE:WCC) on Friday, January 29 with “Outperform” rating. Buckingham Research upgraded WESCO International, Inc. (NYSE:WCC) on Tuesday, November 1 to “Buy” rating. The firm has “Neutral” rating by Sterne Agee CRT given on Tuesday, March 22. As per Wednesday, October 11, the company rating was maintained by RBC Capital Markets. As per Thursday, February 1, the company rating was maintained by Robert W. Baird. The stock has “Equal-Weight” rating by Barclays Capital on Monday, October 5. The stock of WESCO International, Inc. (NYSE:WCC) earned “Overweight” rating by Morgan Stanley on Monday, October 2. The stock has “Neutral” rating by Macquarie Research on Friday, August 26.

Analysts await WESCO International, Inc. (NYSE:WCC) to report earnings on April, 26 before the open. They expect $0.88 earnings per share, up 15.79% or $0.12 from last year’s $0.76 per share. WCC’s profit will be $41.42 million for 17.90 P/E if the $0.88 EPS becomes a reality. After $1.03 actual earnings per share reported by WESCO International, Inc. for the previous quarter, Wall Street now forecasts -14.56% negative EPS growth.

Edgepoint Investment Group Inc, which manages about $7.00B US Long portfolio, upped its stake in Davidstea Inc by 636,081 shares to 2.98 million shares, valued at $11.64M in 2017Q4, according to the filing. It also increased its holding in Wells Fargo & Co New (NYSE:WFC) by 823,277 shares in the quarter, for a total of 11.89M shares, and has risen its stake in Microsemi Corp (NASDAQ:MSCC).

Since December 12, 2017, it had 0 buys, and 3 insider sales for $473,804 activity. UTTER LYNN M had sold 737 shares worth $46,851 on Tuesday, March 13.

Investors sentiment decreased to 0.95 in Q4 2017. Its down 0.58, from 1.53 in 2017Q3. It fall, 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. Senator Grp Inc Limited Partnership holds 10.00 million shares. Axiom Lc De accumulated 1.26 million shares. Moreover, Ionic Cap Mgmt Ltd has 0.01% invested in MGM Resorts International (NYSE:MGM). Voya Mgmt Lc owns 264,696 shares or 0.02% of their US portfolio. World Asset Mngmt Inc invested in 0.05% or 41,731 shares. New Mexico Educational Retirement Board reported 49,800 shares. 123,264 were reported by Fjarde Ap. Financial Architects Inc holds 0.01% of its portfolio in MGM Resorts International (NYSE:MGM) for 1,160 shares. Jennison Assocs Limited Liability Com reported 1.14M shares. Alliancebernstein LP reported 824,587 shares. Highstreet Asset holds 0.05% or 26,139 shares. New York-based Palestra Capital Limited Liability Com has invested 5% in MGM Resorts International (NYSE:MGM). Dimensional Fund Advsrs Lp has invested 0.08% in MGM Resorts International (NYSE:MGM). Hightower Limited Co reported 0.01% stake. Cranbrook Wealth Mngmt Llc holds 1,100 shares or 0.01% of its portfolio.

Among 18 analysts covering MGM Resorts (NYSE:MGM), 13 have Buy rating, 0 Sell and 5 Hold. Therefore 72% are positive. MGM Resorts had 63 analyst reports since August 5, 2015 according to SRatingsIntel. Nomura maintained the shares of MGM in report on Thursday, January 25 with “Buy” rating. Telsey Advisory Group maintained the shares of MGM in report on Friday, May 6 with “Outperform” rating. The firm has “Buy” rating by Goldman Sachs given on Wednesday, April 5. The firm has “Hold” rating by Susquehanna given on Thursday, February 15. The rating was maintained by Bank of America on Wednesday, February 21 with “Buy”. The stock of MGM Resorts International (NYSE:MGM) earned “Buy” rating by Deutsche Bank on Thursday, July 27. Deutsche Bank maintained MGM Resorts International (NYSE:MGM) on Friday, October 30 with “Buy” rating. The company was downgraded on Monday, August 31 by Vetr. Morgan Stanley initiated the stock with “Overweight” rating in Friday, May 6 report. JP Morgan maintained it with “Overweight” rating and $28 target in Tuesday, October 13 report.

MGM Resorts International (NYSE:MGM) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: