MGM Growth Properties (MGP) EPS Estimated At $0.53; Hutchin Hill Capital LP Cut Its Legg Mason (LM) Stake

January 14, 2018 - By Hazel Jackson

Hutchin Hill Capital Lp decreased Legg Mason Inc (LM) stake by 80.31% reported in 2017Q3 SEC filing. Hutchin Hill Capital Lp sold 62,800 shares as Legg Mason Inc (LM)’s stock rose 3.81%. The Hutchin Hill Capital Lp holds 15,400 shares with $605,000 value, down from 78,200 last quarter. Legg Mason Inc now has $3.78B valuation. The stock increased 2.15% or $0.92 during the last trading session, reaching $43.74. About 740,174 shares traded. Legg Mason, Inc. (NYSE:LM) has risen 21.07% since January 14, 2017 and is uptrending. It has outperformed by 4.37% the S&P500.

Analysts expect MGM Growth Properties LLC (NYSE:MGP) to report $0.53 EPS on February, 15.They anticipate $0.04 EPS change or 8.16% from last quarter’s $0.49 EPS. MGP’s profit would be $135.82 million giving it 13.46 P/E if the $0.53 EPS is correct. After having $0.49 EPS previously, MGM Growth Properties LLC’s analysts see 8.16% EPS growth. The stock decreased 0.52% or $0.15 during the last trading session, reaching $28.54. About 549,993 shares traded. MGM Growth Properties LLC (NYSE:MGP) has risen 23.88% since January 14, 2017 and is uptrending. It has outperformed by 7.18% the S&P500.

Analysts await Legg Mason, Inc. (NYSE:LM) to report earnings on February, 7. They expect $0.82 earnings per share, up 64.00% or $0.32 from last year’s $0.5 per share. LM’s profit will be $70.83 million for 13.34 P/E if the $0.82 EPS becomes a reality. After $0.79 actual earnings per share reported by Legg Mason, Inc. for the previous quarter, Wall Street now forecasts 3.80% EPS growth.

Among 14 analysts covering Legg Mason Inc. (NYSE:LM), 7 have Buy rating, 2 Sell and 5 Hold. Therefore 50% are positive. Legg Mason Inc. had 57 analyst reports since August 4, 2015 according to SRatingsIntel. Piper Jaffray maintained the stock with “Overweight” rating in Monday, August 3 report. The stock has “Outperform” rating by Wood on Thursday, September 3. RBC Capital Markets maintained it with “Outperform” rating and $12 target in Thursday, August 20 report. The stock of Legg Mason, Inc. (NYSE:LM) earned “Buy” rating by Keefe Bruyette & Woods on Monday, May 29. The rating was maintained by RBC Capital Markets with “Buy” on Friday, December 15. On Sunday, August 27 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. On Wednesday, August 26 the stock rating was upgraded by Danske Bank to “Sell”. As per Monday, August 3, the company rating was maintained by RBC Capital Markets. The firm has “Overweight” rating by Barclays Capital given on Monday, November 2. Jefferies downgraded the shares of LM in report on Wednesday, January 10 to “Hold” rating.

Investors sentiment decreased to 1.01 in 2017 Q3. Its down 0.01, from 1.02 in 2017Q2. It worsened, as 34 investors sold LM shares while 91 reduced holdings. 34 funds opened positions while 92 raised stakes. 74.95 million shares or 1.72% less from 76.26 million shares in 2017Q2 were reported. 14,567 were reported by Moors And Cabot. Retirement Sys Of Alabama invested 0.06% of its portfolio in Legg Mason, Inc. (NYSE:LM). Commerce Of Vermont reported 1,000 shares. New Jersey-based Bessemer Grp has invested 0% in Legg Mason, Inc. (NYSE:LM). Diligent Investors Ltd Limited Liability Company has 0.19% invested in Legg Mason, Inc. (NYSE:LM) for 6,519 shares. Paragon Cap Limited holds 0.12% of its portfolio in Legg Mason, Inc. (NYSE:LM) for 7,685 shares. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 3,193 shares or 0% of all its holdings. Huntington Retail Bank holds 0% in Legg Mason, Inc. (NYSE:LM) or 630 shares. Neuberger Berman Gp Ltd holds 7,287 shares. Ameritas Prtn holds 0.05% or 25,566 shares. Michigan-based Clarkston Capital Prtnrs Limited Com has invested 5.16% in Legg Mason, Inc. (NYSE:LM). Cornerstone Capital Management Holding Limited Liability owns 514,812 shares or 0.16% of their US portfolio. American Grp Inc holds 0.91% or 225,000 shares in its portfolio. Assetmark Inc stated it has 0% in Legg Mason, Inc. (NYSE:LM). Mackenzie Financial holds 0.01% or 36,191 shares.

Hutchin Hill Capital Lp increased Evertec Inc (NYSE:EVTC) stake by 41,828 shares to 56,100 valued at $889,000 in 2017Q3. It also upped Ross Stores Inc (NASDAQ:ROST) stake by 87,100 shares and now owns 135,000 shares. Visa Inc (NYSE:V) was raised too.

Among 6 analysts covering MGM Growth Properties (NYSE:MGP), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. MGM Growth Properties had 6 analyst reports since May 16, 2016 according to SRatingsIntel. The company was initiated on Monday, May 16 by Citigroup. The firm has “Buy” rating by Suntrust Robinson given on Monday, May 16. The firm has “Buy” rating given on Monday, May 16 by Deutsche Bank. As per Monday, May 16, the company rating was initiated by JP Morgan. The rating was initiated by Morgan Stanley with “Overweight” on Monday, May 16. The stock of MGM Growth Properties LLC (NYSE:MGP) has “Buy” rating given on Tuesday, November 22 by Buckingham Research.

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