Wednesday, September 11, 2019

Magnetar Financial Trimmed Its Novo (NVO) Position as Stock Price Declined; Nwi Management LP Increases Holding in Mgm Resorts International (MGM) - The EN Herald

Magnetar Financial Trimmed Its Novo (NVO) Position as Stock Price Declined; Nwi Management LP Increases Holding in Mgm Resorts International (MGM) - The EN Herald


Magnetar Financial Trimmed Its Novo (NVO) Position as Stock Price Declined; Nwi Management LP Increases Holding in Mgm Resorts International (MGM) - The EN Herald

Posted: 09 Sep 2019 12:42 PM PDT

MGM Resorts International (NYSE:MGM) Logo

Nwi Management Lp increased its stake in Mgm Resorts International (MGM) by 32.79% based on its latest 2019Q1 regulatory filing with the SEC. Nwi Management Lp bought 600,000 shares as the company's stock rose 16.18% . The hedge fund held 2.43M shares of the hotels and resorts company at the end of 2019Q1, valued at $62.35M, up from 1.83M at the end of the previous reported quarter. Nwi Management Lp who had been investing in Mgm Resorts International for a number of months, seems to be bullish on the $14.77B market cap company. The stock increased 1.38% or $0.39 during the last trading session, reaching $28.56. About 3.04 million shares traded. MGM Resorts International (NYSE:MGM) has declined 2.44% since September 9, 2018 and is downtrending. It has underperformed by 2.44% the S&P500. Some Historical MGM News: 29/05/2018 – MGM RESORTS INTL, MGM GROWTH PROPERTIES LLC REPORT TRANSACTIONS; 26/04/2018 – MGM Resorts Expects Las Vegas Strip Net Revenue to Be Up Slightly; 13/03/2018 – MGM RESORTS INTERNATIONAL – REPURCHASE IS EXPECTED TO OCCUR ON MARCH 15, 2018; 17/05/2018 – MGM Resorts Favored by 11 Hedge Funds, 13Fs Show; 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; 26/04/2018 – MGM RESORTS INTERNATIONAL – QTRLY REVPAR DECREASED 4.3% COMPARED TO PRIOR YEAR QUARTER AT COMPANY'S LAS VEGAS STRIP RESORTS; 15/05/2018 – OMEGA ADVISORS DISSOLVES STAKE IN CEMEX SAB DE CV- SEC FILING; 26/04/2018 – MGM Resorts 1Q Rev $2.82B; 26/04/2018 – MGM China Reports 2018 First Quarter Financial Data; 26/04/2018 – MGM RESORTS CEO PREDICTS REVPAR FOR FY18 UP 1-3 PERCENT

Magnetar Financial Llc decreased its stake in Novo (NVO) by 73.5% based on its latest 2019Q1 regulatory filing with the SEC. Magnetar Financial Llc sold 145,800 shares as the company's stock declined 2.46% . The hedge fund held 52,577 shares of the major pharmaceuticals company at the end of 2019Q1, valued at $2.75M, down from 198,377 at the end of the previous reported quarter. Magnetar Financial Llc who had been investing in Novo for a number of months, seems to be less bullish one the $119.21B market cap company. The stock decreased 3.65% or $1.92 during the last trading session, reaching $50.63. About 892,963 shares traded. Novo Nordisk A/S (NYSE:NVO) has declined 5.50% since September 9, 2018 and is downtrending. It has underperformed by 5.50% the S&P500. Some Historical NVO News: 29/05/2018 – Novo Nordisk's oral diabetes drug beats Jardiance in study; 19/03/2018 – NOVO: SEMAGLUTIDE DEMONSTRATED `SIGNIFICANT' WEIGHT LOSS; 10/04/2018 – Tuberous Sclerosis Alliance salutes FDA approval of Afinitor® DISPERZ (everolimus) as the first adjunctive treatment approved; 29/05/2018 – OMX Copenhagen 20 Falls 1.7% to 967.39; Novo Nordisk Leads; 30/05/2018 – TherapeuticsMD Announces FDA Approval of TX-004HR: IMVEXXY™ (estradiol vaginal inserts), the Lowest Dose Vaginal Estrogen Product Approved for the Treatment of Moderate to Severe Dyspareunia, a Symptom of VVA, due to Menopause; 04/05/2018 – NOVO NORDISK – TRANSACTION PART OF CO'S 2018 SHARE REPURCHASE PROGRAMME OF UP TO DKK 14.0 BLN TO BE EXECUTED DURING 12 MONTHS PERIOD FROM 1 FEBRUARY 2018; 04/04/2018 – OMX Copenhagen 20 Falls 1.6% to 957.6; Novo Nordisk Leads Losses; 06/03/2018 – Global Injection Pen Market (2018-2022) Dominated by Novo Nordisk, Eli Lilly and Sanofi – Growing Demand for Self-administration Drug Delivery Devices – ResearchAndMarkets.com; 16/05/2018 – G1 Therapeutics to Present Phase 1b Data on G1T38 in Combination with Faslodex for Treatment of Breast Cancer at 2018 American; 11/04/2018 – NOVO NORDISK LAUNCHES REBINYN®, A NEW, LONG-ACTING TREATMENT FOR PATIENTS WITH HEMOPHILIA B IN CANADA

Magnetar Financial Llc, which manages about $13.74B and $3.89B US Long portfolio, upped its stake in Viacom Inc New (NASDAQ:VIAB) by 15,969 shares to 24,150 shares, valued at $678,000 in 2019Q1, according to the filing. It also increased its holding in Gentherm Inc (NASDAQ:THRM) by 18,183 shares in the quarter, for a total of 23,854 shares, and has risen its stake in Wellcare Health Plans Inc (NYSE:WCG).

More notable recent Novo Nordisk A/S (NYSE:NVO) news were published by: Seekingalpha.com which released: "Novo's Fiasp OK'd in Europe for kids as young as one year old – Seeking Alpha" on August 22, 2019, also Seekingalpha.com with their article: "Novo sues Mylan to block entry of generic Victoza in U.S. – Seeking Alpha" published on August 21, 2019, 247Wallst.com published: "Top Analyst Upgrades and Downgrades: Abercrombie, Ambarella, Best Buy, Dollar General, Novo Nordisk, Ulta Beauty, Whiting Petroleum and More – 24/7 Wall St." on August 30, 2019. More interesting news about Novo Nordisk A/S (NYSE:NVO) were released by: Finance.Yahoo.com and their article: "2 Stocks to Watch in September – Yahoo Finance" published on September 06, 2019 as well as Finance.Yahoo.com's news article titled: "5 Dividend Growth Stocks to Consider in Light of Falling Treasury Yields – Yahoo Finance" with publication date: August 19, 2019.

Analysts await Novo Nordisk A/S (NYSE:NVO) to report earnings on November, 7. They expect $0.62 earnings per share, up 6.90% or $0.04 from last year's $0.58 per share. NVO's profit will be $1.46B for 20.42 P/E if the $0.62 EPS becomes a reality. After $0.61 actual earnings per share reported by Novo Nordisk A/S for the previous quarter, Wall Street now forecasts 1.64% EPS growth.

More notable recent MGM Resorts International (NYSE:MGM) news were published by: Fool.com which released: "Should Investors Worry About MGM Resorts' Growing Debt Burden? – The Motley Fool" on April 06, 2019, also Seekingalpha.com with their article: "MGM Resorts declares $0.13 dividend – Seeking Alpha" published on April 29, 2019, Seekingalpha.com published: "MGM and Buffalo Wild Wings in national sports betting pact – Seeking Alpha" on September 05, 2019. More interesting news about MGM Resorts International (NYSE:MGM) were released by: Finance.Yahoo.com and their article: "MGM Resorts Reaffirms Commitment To Pursuing Integrated Resort In Osaka, Japan – Yahoo Finance" published on August 22, 2019 as well as Prnewswire.com's news article titled: "Due To Extraordinary Demand Aerosmith Announces 15 Additional Dates For Their Las Vegas Residency "AEROSMITH: DEUCES ARE WILD" At Park MGM – PRNewswire" with publication date: September 05, 2019.

Investors sentiment increased to 1.59 in Q1 2019. Its up 0.76, from 0.83 in 2018Q4. It improved, as 26 investors sold MGM shares while 102 reduced holdings. 69 funds opened positions while 135 raised stakes. 415.58 million shares or 0.66% more from 412.87 million shares in 2018Q4 were reported. 2,500 are owned by Reilly Finance Advsr Llc. Texas Permanent School Fund has invested 0.04% of its portfolio in MGM Resorts International (NYSE:MGM). M&T Natl Bank stated it has 24,617 shares or 0% of all its holdings. Bnp Paribas Asset Mgmt holds 0% in MGM Resorts International (NYSE:MGM) or 11,588 shares. Haverford Tru has 101,953 shares. Bamco New York holds 0.12% or 1.11 million shares in its portfolio. Deroy Devereaux Private Invest Counsel reported 10,390 shares. The Massachusetts-based Panagora Asset Mngmt Inc has invested 0% in MGM Resorts International (NYSE:MGM). Belgium-based Kbc Grp Nv has invested 0.08% in MGM Resorts International (NYSE:MGM). Long Pond Cap Limited Partnership invested 1.26% in MGM Resorts International (NYSE:MGM). Ironsides Asset Advisors Limited Liability holds 0.1% or 12,375 shares in its portfolio. Bridger Management Ltd Company holds 3.59% or 1.77 million shares. Stevens Cap LP invested in 0.08% or 73,091 shares. Fjarde Ap accumulated 125,350 shares. Sumitomo Mitsui Asset Mngmt Ltd invested in 0.03% or 59,196 shares.

Nwi Management Lp, which manages about $5.79B and $3.82 billion US Long portfolio, decreased its stake in At&T Inc (NYSE:T) by 180,000 shares to 1.62M shares, valued at $50.80M in 2019Q1, according to the filing. It also reduced its holding in Sprint Corporation (NYSE:S) by 750,000 shares in the quarter, leaving it with 600,000 shares, and cut its stake in Delta Air Lines Inc (NYSE:DAL).

MGM Resorts International (NYSE:MGM) Institutional Positions Chart

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