Waterfront Capital Partners Has Cut By $4.92 Million Its Mgm Resorts International (MGM) Position; Echo Global Logistics, Inc. (ECHO) Had 6 Bulls

September 17, 2017 - By marketbeat

Among 12 analysts covering Echo Global Logistics (NASDAQ:ECHO), 6 have Buy rating, 2 Sell and 4 Hold. Therefore 50% are positive. Echo Global Logistics had 24 analyst reports since August 11, 2015 according to SRatingsIntel. Macquarie Research upgraded Echo Global Logistics, Inc. (NASDAQ:ECHO) on Tuesday, August 11 to “Neutral” rating. The rating was maintained by Stifel Nicolaus with “Buy” on Monday, September 11. The firm has “Buy” rating given on Monday, July 17 by Stifel Nicolaus. The rating was maintained by William Blair with “Outperform” on Friday, August 21. The company was downgraded on Monday, July 11 by UBS. On Monday, July 11 the stock rating was initiated by JP Morgan with “Overweight”. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Monday, August 7. The stock of Echo Global Logistics, Inc. (NASDAQ:ECHO) earned “Buy” rating by Stifel Nicolaus on Tuesday, August 18. Cowen & Co maintained the stock with “Outperform” rating in Tuesday, October 27 report. BB&T Capital upgraded Echo Global Logistics, Inc. (NASDAQ:ECHO) on Thursday, October 29 to “Buy” rating. See Echo Global Logistics, Inc. (NASDAQ:ECHO) latest ratings:

11/09/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $18.0 Maintain
30/08/2017 Broker: Cowen & Co Rating: Buy New Target: $19.0 Maintain
07/08/2017 Broker: Morgan Stanley Old Rating: Overweight New Rating: Equal-Weight Old Target: $26 New Target: $14 Downgrade
28/07/2017 Broker: UBS Old Rating: Neutral New Rating: Sell Downgrade
17/07/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $23.0000 Maintain

Waterfront Capital Partners Llc decreased Mgm Resorts International (MGM) stake by 16.56% reported in 2016Q4 SEC filing. Waterfront Capital Partners Llc sold 175,700 shares as Mgm Resorts International (MGM)’s stock rose 17.48%. The Waterfront Capital Partners Llc holds 885,300 shares with $25.52M value, down from 1.06 million last quarter. Mgm Resorts International now has $18.36B valuation. The stock decreased 0.44% or $0.14 on September 15, reaching $31.92. About 13.41 million shares traded or 83.45% up from the average. MGM Resorts International (NYSE:MGM) has risen 45.28% since September 17, 2016 and is uptrending. It has outperformed by 28.58% the S&P500.

Among 13 analysts covering MGM Resorts (NYSE:MGM), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. MGM Resorts had 43 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of MGM Resorts International (NYSE:MGM) earned “Buy” rating by Buckingham Research on Thursday, August 11. Nomura maintained the stock with “Buy” rating in Wednesday, October 5 report. The stock has “Neutral” rating by UBS on Tuesday, August 1. Telsey Advisory Group maintained the stock with “Outperform” rating in Friday, June 17 report. The stock of MGM Resorts International (NYSE:MGM) earned “Overweight” rating by JP Morgan on Thursday, January 28. The rating was maintained by Susquehanna on Friday, April 21 with “Positive”. The stock of MGM Resorts International (NYSE:MGM) earned “Buy” rating by Goldman Sachs on Wednesday, April 5. Citigroup maintained it with “Buy” rating and $32 target in Wednesday, April 13 report. The firm has “Buy” rating given on Friday, December 16 by Goldman Sachs. Telsey Advisory Group maintained MGM Resorts International (NYSE:MGM) rating on Friday, December 9. Telsey Advisory Group has “Outperform” rating and $34 target.

Since May 1, 2017, it had 0 insider buys, and 9 insider sales for $3.33 million activity. Another trade for 19,855 shares valued at $615,686 was made by SANDERS COREY IAN on Monday, May 1. 11,905 shares were sold by TAYLOR DANIEL J, worth $369,247 on Monday, May 1. The insider Mandekic Anthony Leo sold $370,375. Shares for $312,773 were sold by McManus John on Friday, May 19. Another trade for 5,906 shares valued at $181,743 was sold by BIBLE WILLIAM A. 10,046 shares were sold by SELWOOD ROBERT, worth $317,052. Mckinney-James Rose sold $27,236 worth of MGM Resorts International (NYSE:MGM) on Wednesday, May 3.

Analysts await MGM Resorts International (NYSE:MGM) to report earnings on November, 6. They expect $0.34 earnings per share, down 41.38% or $0.24 from last year’s $0.58 per share. MGM’s profit will be $195.56M for 23.47 P/E if the $0.34 EPS becomes a reality. After $0.31 actual earnings per share reported by MGM Resorts International for the previous quarter, Wall Street now forecasts 9.68% EPS growth.

Investors sentiment decreased to 1.01 in 2016 Q4. Its down 0.22, from 1.23 in 2016Q3. It dived, as 31 investors sold MGM shares while 121 reduced holdings. 93 funds opened positions while 121 raised stakes. 401.91 million shares or 0.07% more from 401.64 million shares in 2016Q3 were reported. Toronto Dominion Bancshares reported 3,921 shares. Commerzbank Aktiengesellschaft Fi holds 0.02% or 44,848 shares. Cranbrook Wealth Mgmt Ltd Liability Co holds 0.02% of its portfolio in MGM Resorts International (NYSE:MGM) for 1,100 shares. Cookson Peirce & Co accumulated 767,865 shares. Monetta Fin owns 0.44% invested in MGM Resorts International (NYSE:MGM) for 25,000 shares. Principal Grp Inc reported 0.03% of its portfolio in MGM Resorts International (NYSE:MGM). Barclays Plc has 419,896 shares. D E Shaw And Company has invested 0.01% of its portfolio in MGM Resorts International (NYSE:MGM). Kcg has 38,515 shares for 0.03% of their portfolio. North Star Investment Mngmt stated it has 112 shares. Hap Trading Ltd Liability Corporation invested in 109,778 shares or 0.16% of the stock. Financial Architects holds 0% or 339 shares. Nuveen Asset Management Llc invested 0.12% of its portfolio in MGM Resorts International (NYSE:MGM). Natl Pension Serv has 0.09% invested in MGM Resorts International (NYSE:MGM) for 435,125 shares. 28,612 were accumulated by Aberdeen Asset Management Plc Uk.

The stock increased 5.68% or $0.9 on September 15, reaching $16.75. About 760,675 shares traded or 74.93% up from the average. Echo Global Logistics, Inc. (NASDAQ:ECHO) has declined 17.14% since September 17, 2016 and is downtrending. It has underperformed by 33.84% the S&P500.

Echo Global Logistics, Inc. is a provider of technology-enabled transportation and supply chain management solutions. The company has market cap of $477.95 million. The Firm utilizes a technology platform to compile and analyze data from its multi-modal network of transportation providers to facilitate its transportation and logistics services. It currently has negative earnings. The Firm focuses primarily on arranging transportation by truckload and less than truckload (LTL) carriers.

Investors sentiment increased to 1.09 in 2016 Q4. Its up 0.23, from 0.86 in 2016Q3. It is positive, as 26 investors sold Echo Global Logistics, Inc. shares while 41 reduced holdings. 22 funds opened positions while 45 raised stakes. 25.15 million shares or 0.33% less from 25.24 million shares in 2016Q3 were reported. Blackrock Group Ltd reported 0% in Echo Global Logistics, Inc. (NASDAQ:ECHO). Citigroup Inc stated it has 0% of its portfolio in Echo Global Logistics, Inc. (NASDAQ:ECHO). Keybank National Association Oh holds 0% in Echo Global Logistics, Inc. (NASDAQ:ECHO) or 19,203 shares. Magee Thomson Prns Llc accumulated 56 shares. Louisiana State Employees Retirement Sys reported 11,000 shares stake. Bluecrest Cap Mgmt Limited stated it has 12,800 shares or 0.02% of all its holdings. Ahl Ptnrs Llp stated it has 15,117 shares or 0.01% of all its holdings. D E Shaw & holds 0% of its portfolio in Echo Global Logistics, Inc. (NASDAQ:ECHO) for 14,182 shares. Invesco stated it has 0.01% in Echo Global Logistics, Inc. (NASDAQ:ECHO). Fenimore Asset Management has 334,950 shares for 0.38% of their portfolio. Royal Bancorp Of Canada reported 499,971 shares or 0.01% of all its holdings. Sg Americas Securities Limited Liability Company stated it has 0% in Echo Global Logistics, Inc. (NASDAQ:ECHO). Intl Grp Inc Inc owns 20,861 shares or 0% of their US portfolio. Fifth Third Financial Bank reported 29,729 shares stake. Eagle Asset Mngmt stated it has 0.13% of its portfolio in Echo Global Logistics, Inc. (NASDAQ:ECHO).

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