Insider Trading (Tue 6/14/22)

Notable purchases -- Director adds to MGM; notable sales -- Affiliate active in VLDR

Buyers:

• AHCO Director bought 13,922 shares at $17.06 - $17.50 worth ~ $240K.
  
• ATEC 10% Owner and Director bought 87,329 shares at $7.10 - $7.31 worth ~ $630K.
  
• CBSH Director bought 5,000 shares at $65.85 worth ~ $330K.
  
• CVNA Chief Brand Officer and VP, Gen. Counsel & Secretary bought 42,000 shares at $21.79 - $23.74 worth ~ $960K.
  
• CWAN 10% Owner bought 162,482 shares at $13.59 - $13.90 worth ~ $2.2 mln.
  
• CWH CEO bought 38,350 shares at $25.92 - $26.89 worth ~ $1.0 mln.
  
• LGF.B Director bought 132,383 Class B common shares at $8.97 - $9.83 worth ~ $1.2 mln.
  
• LXP Directors bought 19,100 shares at $10.50 - $10.89 worth ~ $200K.
  
• MAC CEO bought 25,000 shares at $9.26 - $9.69 worth ~ $240K.
  
• MGM Director bought 34,500 shares at $28.66 - $29.04 worth ~ $1.0 mln.
  
• MTW Director bought 34,500 shares at $12.49 worth ~ $430K.
  
• NGM Director bought 984,161 shares at $13.50 worth ~ $13.3 mln.
  
• NRDY CEO bought 150,000 shares at $3.15 - $3.25 worth ~ $480K.
  
• NYCB Director bought 25,000 shares at $9.23 - $9.30 worth ~ $230K.
  
• SHEN President bought 11,670 shares at $21.39 - $21.45 worth ~ $250K.
  
• SOFI CEO and Director bought 100,000 shares at $5.36 - $5.73 worth ~ $550K.
  
• SSTK Director bought 10,000 shares at $56.28 - $56.74 worth ~ $560K.
  
• VCYT CEO bought 60,000 shares at $16.24 - $16.40 worth ~ $980K.

Sellers:

• VLDR Affiliate sold 1,657,220 shares at $1.25 - $1.45 worth ~ $2.1 mln.

-=MGM Resorts (MGM) reported earnings on Thur 26 Apr 2018 (b/o)

MGM Resorts misses by $0.01, reports revs in-line; CityCenter sells Mandarin Oriental for $214M 

• Reports Q1 (Mar) earnings of $0.29 per share, excluding non-recurring items, $0.01 worse than the Capital IQ Consensus of $0.30; revenues rose 3.8% year/year to $2.82 bln vs the $2.82 bln Capital IQ Consensus. Net revenues decreased 1% over the prior year quarter at the Company's domestic resorts to $2.1 billion; REVPAR decreased 4.3% vs. down 4-6% guidance at the Company's Las Vegas Strip resorts; Adjusted Property EBITDA decreased 5% over the prior year quarter to $616 million at the Company's domestic resorts. MGM China net rev +25% to $596M; EBITDA +5% to $152M.
• MGM Resorts and Infinity World Development selling the Mandarin Oriental Las Vegas and adjacent retail parcels for ~$214 million in cash

=MGM Resorts (MGM) reported earnings on Thur 16 Feb 2017 (b/o)

MGM Resorts misses by $0.07, reports revs in-line with LV Strip REVPAR +3%, in-line with guidance; sees Q1 REVPAR +7%; initiates $0.11 quarterly dividend:

• Reports Q4 (Dec) earnings of $0.11 per share, excluding non-recurring items, $0.07 worse than the Capital IQ Consensus of $0.18; revenues rose 12.3% year/year to $2.46 bln vs the $2.45 bln Capital IQ Consensus. 
• Net revenues of $1.8 billion at the Company's domestic resorts, a 17% increase over the prior year quarter, and a 2% increase on a same-store basis, excluding contributions from Borgata which the Company began consolidating in August 2016, MGM National Harbor which opened in December of 2016, and Circus Circus Reno, which the Company sold in 2015
• REVPAR growth of 3% vs. +3% guidance at the Company's Las Vegas Strip resorts.
• Operating income of $312 million at the Company's domestic resorts; EBITDA +14% to $589 mln.
• "In the fourth quarter of 2016, we drove growth in REVPAR and EBITDA despite a record convention business fourth quarter in the prior year. Our convention business this year resulted in the second highest fourth quarter in the Company's history, and we also successfully leveraged our database and delivered new entertainment offerings to drive customers to our resorts. We continue to invest in our business and remain encouraged by the opportunities we see in 2017. We expect to achieve Las Vegas Strip REVPAR growth of 7% in the first quarter of 2017."

MGM Resorts (MGM) reported earnings Tue 7 Aug 2012

MGM Resorts International (MGM, $10.14, +$0.76, +8.11%) swung to a second-quarter loss, weighed down by impairments and tax provisions. Shares surged, however, as the casino operator recorded improved hotel performance at its Las Vegas strip resorts and as its CityCenter business turned in a modest profit.

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