Today’s 13GD Alert: Morgans Hotel Group Co. Has Another Bullish Trade, Mmcap International Inc Spc Bought Stake!

Today's 13GD Alert: Morgans Hotel Group Co. Has Another Bullish Trade, Mmcap International Inc Spc Bought Stake!

The New Mmcap International Inc Spc Holding in Morgans Hotel Group Co.

Mmcap International Inc Spc filed with the SEC SC 13G form for Morgans Hotel Group Co.. The form can be accessed here: 000091228216000853. As reported in Mmcap International Inc Spc’s form, the filler as of late owns 5.2039% or 1,814,857 shares of the Consumer Discretionary–company.

Morgans Hotel Group Co. stake is a new one for the and it was filed because of activity on September 20, 2016. We feel this shows Mmcap International Inc Spc’s positive view for the stock.

Morgans Hotel Group Co. Institutional Sentiment

Latest Security and Exchange filings show 75 investors own Morgans Hotel Group Co.. The institutional ownership in Q3 2015 is high, at 49.84% of the outstanding shares. This is decreased by 1211550 the total institutional shares. 17379542 were the shares owned by these institutional investors. In total 10 funds opened new Morgans Hotel Group Co. stakes, 24 increased stakes. There were 15 that closed positions and 25 reduced them.

Andrew Goldman Seven Locks Capital Management Lp is an institutional investor bullish on Morgans Hotel Group Co., owning 832158 shares as of Q3 2015 for 0.89% of its portfolio. Eidelman Virant Capital owns 587916 shares or 1.33% of its portfolio. MA Greenwood Investments Inc have 4.20% of their stock portfolio for 1228535 shares. Further, Prentice Capital Management Lp reported stake worth 0.27% of its US stock portfolio. The X1 Ancora Advisors Llc owns 63144 shares. Morgans Hotel Group Co. is 0.03% of the manager’s US portfolio.

Business Profile

Morgans Hotel Group Co. is a lifestyle hospitality company. The Company operates, owns, licenses and develops boutique hotels, primarily in gateway cities and select resort markets in the United States, Europe and other international locations. Its portfolio of Morgans Hotel Group branded hotel properties and food and beverage operations and entities consists of its over three owned hotels, including Hudson in New York, Delano South Beach in Miami Beach and Clift in San Francisco; its owned food and beverage operations consisting of leasehold interests in the food and beverage operations located at Sanderson, in London; its unconsolidated Joint Venture Hotel, including Mondrian South Beach in Miami Beach; its over seven Managed Hotels consisting of Royalton and Morgans in New York, Shore Club in Miami Beach, Mondrian in Los Angeles, and Sanderson, St Martins Lane and Mondrian London in London, and its licensed hotel, Delano Las Vegas, and its franchised hotel, 10 Karakoy, in Istanbul.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Insitutional Activity: The institutional sentiment decreased to 0.52 in Q2 2016. Its down 0.30, from 0.82 in 2016Q1. The ratio is negative, as 21 funds sold all Morgans Hotel Group Co. shares owned while 21 reduced positions. 12 funds bought stakes while 10 increased positions. They now own 12.90 million shares or 11.14% less from 14.51 million shares in 2016Q1.

California Public Employees Retirement has 0% invested in the company for 57,600 shares. Bank Of America De holds 0% of its portfolio in Morgans Hotel Group Co. (NASDAQ:MHGC) for 9,983 shares. Greenwood Investments has 38,298 shares for 0.15% of their US portfolio. The Washington-based Coldstream Mngmt has invested 0% in Morgans Hotel Group Co. (NASDAQ:MHGC). Credit Suisse Ag holds 104,151 shares or 0% of its portfolio. Paloma Prtnrs Communication owns 98,821 shares or 0% of their US portfolio. New York State Common Retirement Fund has 7,400 shares for 0% of their US portfolio. Pnc Serv Group has invested 0% of its portfolio in Morgans Hotel Group Co. (NASDAQ:MHGC). State Street Corp has 16,088 shares for 0% of their US portfolio. Renaissance Tech Lc has 0% invested in the company for 625,800 shares. Tudor Corp Et Al has 0% invested in the company for 16,180 shares. Gardner Lewis Asset Management L P has invested 0.11% of its portfolio in Morgans Hotel Group Co. (NASDAQ:MHGC). Blackrock Institutional Co Na has invested 0% of its portfolio in Morgans Hotel Group Co. (NASDAQ:MHGC). Pine River Cap L P, a Minnesota-based fund reported 3.14M shares. Millennium Mngmt Ltd Liability Company has 139,913 shares for 0% of their US portfolio.

Analysts await Morgans Hotel Group Co. (NASDAQ:MHGC) to report earnings on November, 2.

About 31,998 shares traded hands. Morgans Hotel Group Co. (NASDAQ:MHGC) has risen 36.49% since February 29, 2016 and is uptrending. It has outperformed by 24.27% the S&P500.

Morgans Hotel Group Co. is a lifestyle hospitality company. The company has a market cap of $69.75 million. The Firm operates, owns, licenses and develops boutique hotels, primarily in gateway cities and select resort markets in the United States, Europe and other international locations. It has a 8.06 P/E ratio.

More notable recent Morgans Hotel Group Co. (NASDAQ:MHGC) news were published by: Wsj.com which released: “SBE Entertainment to Acquire Morgans Hotel Group” on May 09, 2016, also Therealdeal.com with their article: “Morgans Hotel Group shareholders OK purchase by SBE” published on September 29, 2016, Wsj.com published: “Merger Talks Between Morgans Hotel Group and SBE End Without Deal” on November 04, 2015. More interesting news about Morgans Hotel Group Co. (NASDAQ:MHGC) were released by: Prnewswire.com and their article: “Morgans Hotel Group’s Brand-Wide ‘Spring Renewal’ Wellness Programming + …” published on March 31, 2016 as well as Wsj.com‘s news article titled: “Sam Nazarian in Talks to Merge His Company With Morgans Hotel Group” with publication date: August 06, 2015.

According to Zacks Investment Research, “MORGANS HOTEL GROUP CO. operates and owns, or has an ownership interest in, Morgans, Royalton and Hudson in New York, Delano and The Shore Club in Miami, Mondrian in Los Angeles and Scottsdale, Clift in San Francisco, and Sanderson and St Martins Lane in London. MHG and an equity partner also own the Hard Rock Hotel & Casino in Las Vegas and related assets. MHG has other property transactions in various stages of completion, including projects in Miami Beach, Florida; Chicago, Illinois; SoHo, New York; Las Vegas, Nevada; and Palm Springs, California.”

MHGC Company Profile

Morgans Hotel Group Co., incorporated on October 19, 2005, is a lifestyle hospitality company. The Firm operates, owns, licenses and develops boutique hotels, primarily in gateway cities and select resort markets in the United States, Europe and other international locations. The Company’s portfolio of Morgans Hotel Group branded hotel properties and food and beverage activities and entities consists of its over three owned hotels, consisting of Hudson in New York, Delano South Beach in Miami Beach and Clift in San Francisco, comprising approximately 1,450 rooms, and the food and beverage activities located at these hotels; its owned food and beverage (F&B) activities consisting of leasehold interests in the food and beverage activities located at Sanderson, in London; its unconsolidated Joint Venture Hotel consisting of Mondrian South Beach in Miami Beach, comprising approximately 220 rooms and its investment in the F&B Venture at Mondrian South Beach; its over seven Managed Hotels consisting of Royalton and Morgans in New York, Shore Club in Miami Beach, Mondrian in Los Angeles, and Sanderson, St Martins Lane and Mondrian London in London, comprising approximately 1,540 rooms, and its licensed hotel, Delano Las Vegas, comprising over 1,117 rooms and its franchised hotel, 10 Karakoy, in Istanbul, comprising approximately 70 rooms. The Firm conducts its activities through Morgans Group LLC.

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