Mgm Resorts International (MGM) Stock Price Declined While Land & Buildings Investment Management Has Increased Its Position; Aon Plc (AON) Valuation Declined While Longview Partners Guernsey LTD Has Cut Its Holding by $43.83 Million

June 20, 2018 - By Kurt Siggers

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Longview Partners Guernsey Ltd decreased its stake in Aon Plc (AON) by 4.33% based on its latest 2018Q1 regulatory filing with the SEC. Longview Partners Guernsey Ltd sold 313,060 shares as the company’s stock declined 0.75% with the market. The institutional investor held 6.92 million shares of the specialty insurers company at the end of 2018Q1, valued at $971.31 million, down from 7.23 million at the end of the previous reported quarter. Longview Partners Guernsey Ltd who had been investing in Aon Plc for a number of months, seems to be less bullish one the $34.18 billion market cap company. The stock decreased 0.40% or $0.56 during the last trading session, reaching $139.7. About 1.07 million shares traded or 17.51% up from the average. Aon plc (NYSE:AON) has risen 9.13% since June 20, 2017 and is uptrending. It has underperformed by 3.44% the S&P500. Some Historical AON News: 04/05/2018 – Aon PLC 1Q Adj EPS $2.97; 13/04/2018 – AON REPORTS 11% BOOST TO ANNUAL CASH DIV; 06/03/2018 – MOVES-State Street, Aon, HSBC, Moelis; 15/05/2018 – Aon PLC Will Retire Remaining Business Unit Brands, Aon Risk Solutions and Aon Benfield, and Go-to-Market as Aon; 15/03/2018 – Aon Forms Golden Cross: Technicals; 26/03/2018 – Aon Benfield’s Connolly to retire; 22/05/2018 – AON LAUNCHES INTELLECTUAL PROPERTY SOLUTIONS GROUP; 12/04/2018 – Secureworks Wins Aon’s Best Employer Award in Romania; 13/04/2018 – Aon PLC Raises Dividend to 40c; 15/05/2018 – Aon Appoints Eric Andersen and Michael O’Connor as Co-Presidents of the Firm

Land & Buildings Investment Management Llc increased its stake in Mgm Resorts International (MGM) by 2.13% based on its latest 2018Q1 regulatory filing with the SEC. Land & Buildings Investment Management Llc bought 23,867 shares as the company’s stock declined 10.98% with the market. The hedge fund held 1.14M shares of the hotels and resorts company at the end of 2018Q1, valued at $39.99M, up from 1.12 million at the end of the previous reported quarter. Land & Buildings Investment Management Llc who had been investing in Mgm Resorts International for a number of months, seems to be bullish on the $16.65B market cap company. The stock decreased 4.50% or $1.41 during the last trading session, reaching $29.91. About 17.13M shares traded or 75.76% up from the average. MGM Resorts International (NYSE:MGM) has declined 0.47% since June 20, 2017 and is downtrending. It has underperformed by 13.04% the S&P500. Some Historical MGM News: 29/05/2018 – MGM Growth Properties to Pay $625M to MGM Resorts for Developed Real Estate Assets; 29/05/2018 – MGM Resorts Transactions Expected to Close in 1Q 2019; 10/05/2018 – MGM Resorts International Announces New $2.0 Billion Share Repurchase Program; 26/04/2018 – MGM SPRINGFIELD TO OFFICIALLY OPEN AUG. 24, 2018; 29/05/2018 – MGM Resorts International and MGM Growth Properties LLC Announce Transactions to Acquire Empire City Casino in Yonkers, New York; 16/04/2018 – MGM Resorts Intl Announces Sale of Grand Victoria Casino for $327.5M; 18/04/2018 – MassLive.com: MGM Boston Harbor? URL purchased amid talks of MGM-Wynn Boston Harbor potential deal; 06/04/2018 – WYNN HASN’T HELD ANY TALKS WITH MGM OR ADVISORS ON SALE; 15/03/2018 – The MGM Resorts Foundation Announces the 2018 Women’s Leadership Conference August 27 and 28, at the MGM Grand in Las Vegas; 29/03/2018 – MGM Resorts International Commemorates 50th Anniversary of Dr. Martin Luther King Jr.’s Assassination with Donation to National Civil Rights Museum

Since February 22, 2018, it had 1 buying transaction, and 9 sales for $5.42 million activity. HERMAN ALEXIS also sold $159,351 worth of MGM Resorts International (NYSE:MGM) shares. GROUNDS WILLIAM WARWICK also bought $35,500 worth of MGM Resorts International (NYSE:MGM) on Wednesday, March 14. $49,045 worth of MGM Resorts International (NYSE:MGM) was sold by GAY MARY CHRISTINE. 5,624 shares were sold by Mckinney-James Rose, worth $179,330 on Friday, June 1. SANDERS COREY IAN sold $848,588 worth of stock or 23,134 shares. HORNBUCKLE WILLIAM had sold 60,000 shares worth $2.18M.

Investors sentiment decreased to 0.89 in 2018 Q1. Its down 0.06, from 0.95 in 2017Q4. It turned negative, as 54 investors sold MGM shares while 147 reduced holdings. 57 funds opened positions while 121 raised stakes. 443.98 million shares or 1.45% less from 450.52 million shares in 2017Q4 were reported. Legal & General Public Ltd has 2.04 million shares for 0.05% of their portfolio. Spirit Of America Corporation Ny accumulated 7,100 shares. Maplelane Ltd Liability Company invested 0% of its portfolio in MGM Resorts International (NYSE:MGM). Duncker Streett & Communication invested 0% in MGM Resorts International (NYSE:MGM). Honeywell Intl reported 507,100 shares. Moreover, Baker Avenue Asset Mngmt Limited Partnership has 0.04% invested in MGM Resorts International (NYSE:MGM). Wellington Shields Capital Mngmt has invested 0.23% in MGM Resorts International (NYSE:MGM). 6.93 million were accumulated by Eminence Capital Ltd Partnership. Cwh Capital Management owns 117,472 shares or 1.95% of their US portfolio. Qs Investors Lc, New York-based fund reported 5,868 shares. Financial Counselors owns 50,846 shares. Huntington National Bank & Trust holds 3,577 shares or 0% of its portfolio. Cubist Systematic Strategies Ltd Liability Company has invested 0.03% in MGM Resorts International (NYSE:MGM). Deutsche State Bank Ag holds 0.01% or 603,105 shares. Parametric Port Associates Llc holds 0.02% of its portfolio in MGM Resorts International (NYSE:MGM) for 585,036 shares.

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. UBS upgraded MGM Resorts International (NYSE:MGM) on Monday, November 2 to “Buy” rating. The firm earned “Buy” rating on Wednesday, October 5 by Nomura. The company was maintained on Thursday, February 15 by Susquehanna. The stock of MGM Resorts International (NYSE:MGM) has “Outperform” rating given on Friday, December 9 by Telsey Advisory Group. The rating was initiated by Goldman Sachs on Friday, December 16 with “Buy”. Telsey Advisory Group maintained it with “Outperform” rating and $39 target in Friday, July 28 report. The stock of MGM Resorts International (NYSE:MGM) earned “Buy” rating by Stifel Nicolaus on Friday, February 17. The firm has “Buy” rating given on Wednesday, April 13 by Citigroup. The rating was maintained by Stifel Nicolaus on Friday, April 28 with “Buy”. The company was maintained on Friday, February 23 by Barclays Capital.

More notable recent MGM Resorts International (NYSE:MGM) news were published by: Fool.com which released: “Is This Proof an MGM-Wynn Resorts Merger Is Off the Table?” on May 22, 2018, also Prnewswire.com with their article: “MGM Resorts International Prices $1000000000 In Senior Notes” published on June 14, 2018, Seekingalpha.com published: “Has MGM Lost Its Way… Again?” on May 31, 2018. More interesting news about MGM Resorts International (NYSE:MGM) were released by: Seekingalpha.com and their article: “Sports betting by the numbers” published on June 19, 2018 as well as Bizjournals.com‘s news article titled: “MGM National Harbor, MGM Resorts betting something, or everything, on Stanley Cup Final” with publication date: May 31, 2018.

Analysts await Aon plc (NYSE:AON) to report earnings on August, 3. They expect $1.63 earnings per share, up 12.41% or $0.18 from last year’s $1.45 per share. AON’s profit will be $398.76 million for 21.43 P/E if the $1.63 EPS becomes a reality. After $2.97 actual earnings per share reported by Aon plc for the previous quarter, Wall Street now forecasts -45.12% negative EPS growth.

More news for Aon plc (NYSE:AON) were recently published by: Prnewswire.com, which released: “US suffers multi-billion dollar storm losses amid subdued start to tornado season, according to Aon catastrophe report” on June 08, 2018. Globenewswire.com‘s article titled: “New Research Coverage Highlights Fortuna Silver Mines, First Majestic Silver, Anheuser-Busch InBev SA/NV, Banco …” and published on June 07, 2018 is yet another important article.

Longview Partners Guernsey Ltd, which manages about $19.52B and $19.08 billion US Long portfolio, upped its stake in Omnicom Group Inc (NYSE:OMC) by 141,210 shares to 6.50M shares, valued at $472.14 million in 2018Q1, according to the filing. It also increased its holding in Oracle Corp (NYSE:ORCL) by 63,800 shares in the quarter, for a total of 19.87M shares, and has risen its stake in Willis Towers Watson Pub Ltd.

MGM Resorts International (NYSE:MGM) Institutional Positions Chart

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