The shares of MGM Resorts International (NYSE:MGM) has been pegged with a rating of Mkt Perform by Bernstein in its latest research note that was published on November 15th, 2018. Bernstein wasn’t the only research firm that published a report of MGM Resorts International, with other equities research analysts also giving their opinion on the stock. Telsey Advisory Group advised investors in its research note published on August 3rd, 2018, to Market Perform the MGM stock while also putting a $31 price target. The stock had earned Hold rating from Stifel when it published its report on August 3rd, 2018. That day the Stifel set price target on the stock to $33. The stock was given Neutral rating by Goldman in its report released on June 26th, 2018. Telsey Advisory Group was of a view that MGM is Market Perform in its latest report on April 27th, 2018 while giving it a price target of $34. Susquehanna thinks that MGM is worth Positive rating. This was contained in the firm’s report on April 23rd, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 7 believe it has the potential for further growth, thus rating it as Hold while 5 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $34.21. The price of the stock the last time has raised by 22.37% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 37.40.
The shares of the company dipped by -0.45% during the trading session on Thursday, reaching a low of $26.2 while ending the day at $26.45. During the trading session, a total of 3.97 million shares were traded which represents a 54.91% incline from the average session volume which is 8.80M shares. MGM had ended its last session trading at 26.57. MGM Resorts International currently has a market cap of $14.17B, while its P/E ratio stands at 33.27, while its P/E earnings growth sits at 1.21, with a beta of 1.40. MGM Resorts International debt-to-equity ratio currently stands at 2.32, while its quick ratio hovers at 0.80. MGM 52-week low price stands at $21.61 while its 52-week high price is $36.81.
The company in its last quarterly report recorded -$0.06 earnings per share which is below the $0.10 predicted by most analysts. The MGM Resorts International generated $3,052.86 million in revenue during the last quarter, which is slightly higher than the $2,984.61 million predicted by analysts. In the second quarter last year, the firm recorded $0.25 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 516.67%. MGM Resorts International has the potential to record 0.80 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Wells Fargo published a research note on March 14th, 2019 where it informed investors and clients that Sientra, Inc. (NASDAQ:SIEN) is now rated as Market Perform. Telsey Advisory Group also rated SIEN as Reiterated on August 3rd, 2018, with its price target of $31 suggesting that SIEN could surge by 63.74% from its current share price. Even though the stock has been trading at $8.12/share, analysts expect it to surge higher by 2.71% to reach $23.00/share. It started the day trading at $8.63 and traded between $7.745 and $8.34 throughout the trading session.
A look at its technical shows that SIEN’s 50-day SMA is 11.65 while its 200-day SMA stands at 18.03. At the moment, only of Sientra, Inc. shares were sold short. The company’s average trading volume currently stands at 662.61K shares, which means that the short-interest ratio is just 3.96 days. Over the past seven days, the company moved, with its shift of -24.46%. Looking further, the stock has dropped -49.15% over the past 90 days while it lost -67.09% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Waddell Reed Investment Managem bought more SIEN shares, increasing its portfolio by +26.82% during the last quarter. This move now sees Waddell Reed Investment Managem purchasing 491,286 shares in the last quarter, thus it now holds 2,322,788 shares of SIEN, with a total valuation of $25,713,263. Deerfield Management Company LP meanwhile bought more SIEN shares in the recently filed quarter, changing its stake to $17,411,903 worth of shares. BlackRock Fund Advisors followed the path by increasing its SIEN portfolio by +1.93% in the quarter. This means that BlackRock Fund Advisors bought 28,083 shares in the last quarter and now controls 1,482,759 shares of the SIEN stock, with the valuation hitting $16,414,142.
Similarly, Gilder Gagnon Howe Co LLC decreased its Sientra, Inc. shares by -5.33% during the recently filed quarter. After selling -69,574 shares in the last quarter, the firm now controls 1,236,198 shares of Sientra, Inc. which are valued at $13,684,712. In the same vein, The Vanguard Group Inc increased its Sientra, Inc. shares by during the most recent reported quarter. The firm bought 43,730 shares during the quarter which increased its stakes to 1,015,561 shares and is now valued at $11,242,260. Following these latest developments, around 1.60% of Sientra, Inc. stocks are owned by institutional investors and hedge funds.