Bain Capital Public Equity Management LLC decreased its position in MGM Growth Properties LLC (NYSE:MGP) by 25.7% during the fourth quarter, Holdings Channel reports. The fund owned 787,974 shares of the company’s stock after selling 272,728 shares during the period. MGM Growth Properties comprises about 1.4% of Bain Capital Public Equity Management LLC’s portfolio, making the stock its 26th largest position. Bain Capital Public Equity Management LLC owned about 1.37% of MGM Growth Properties worth $19,944,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Mark Asset Management Corp boosted its stake in MGM Growth Properties by 5.8% in the third quarter. Mark Asset Management Corp now owns 21,159 shares of the company’s stock worth $552,000 after buying an additional 1,159 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in MGM Growth Properties by 104.7% in the third quarter. Tower Research Capital LLC TRC now owns 7,986 shares of the company’s stock worth $208,000 after buying an additional 4,085 shares during the last quarter. Lazard Asset Management LLC boosted its stake in MGM Growth Properties by 6.2% in the third quarter. Lazard Asset Management LLC now owns 92,267 shares of the company’s stock worth $2,405,000 after buying an additional 5,385 shares during the last quarter. Sei Investments Co. boosted its stake in MGM Growth Properties by 8.6% in the third quarter. Sei Investments Co. now owns 70,968 shares of the company’s stock worth $1,850,000 after buying an additional 5,635 shares during the last quarter. Finally, Usca Ria LLC boosted its stake in MGM Growth Properties by 31.4% in the third quarter. Usca Ria LLC now owns 25,100 shares of the company’s stock worth $654,000 after buying an additional 6,000 shares during the last quarter.

Institutional Ownership by Quarter for MGM Growth Properties (NYSE:MGP)

Shares of MGM Growth Properties LLC (NYSE:MGP) traded down 0.16% during trading on Thursday, hitting $25.60. 319,355 shares of the stock were exchanged. MGM Growth Properties LLC has a 52 week low of $21.00 and a 52 week high of $27.89. The firm’s market capitalization is $1.47 billion. The stock’s 50 day moving average price is $25.38 and its 200 day moving average price is $25.34.

MGM Growth Properties (NYSE:MGP) last posted its quarterly earnings results on Thursday, February 16th. The company reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.23. The company earned $184.10 million during the quarter, compared to the consensus estimate of $181.11 million. On average, equities analysts predict that MGM Growth Properties LLC will post $0.53 earnings per share for the current year.

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A number of research firms have weighed in on MGP. Barclays PLC set a $30.00 target price on shares of MGM Growth Properties and gave the stock a “buy” rating in a research note on Wednesday, November 9th. Zacks Investment Research upgraded shares of MGM Growth Properties from a “sell” rating to a “hold” rating in a report on Wednesday, November 9th. Buckingham Research assumed coverage on shares of MGM Growth Properties in a report on Tuesday, November 22nd. They set a “buy” rating on the stock. Finally, Deutsche Bank AG lowered shares of MGM Growth Properties from a “buy” rating to a “hold” rating and cut their price target for the stock from $28.00 to $27.00 in a report on Wednesday, December 7th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. MGM Growth Properties presently has an average rating of “Buy” and a consensus price target of $27.00.

About MGM Growth Properties

MGM Growth Properties LLC is a real estate investment trust engaged in the acquisition, ownership and leasing of destination entertainment and leisure resorts, whose amenities include casino gaming, hotel, convention, dining, entertainment and retail offerings. Its portfolio consists of approximately 10 destination resorts.

5 Day Chart for NYSE:MGP

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