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NEW YORK, Nov. 14, 2017 /PRNewswire/ — If you want a Stock Review on NCLH, PENN, LQ, or MGM then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. The Resorts and Casinos industry is a fast-paced environment that is always changing with new laws and expanding growth. It is a highly competitive area of the Hospitality industry. For today, DailyStockTracker.com focuses on the following equities: Norwegian Cruise Line Holdings Ltd (NASDAQ: NCLH), Penn National Gaming Inc. (NASDAQ: PENN), La Quinta Holdings Inc. (NYSE: LQ), and MGM Resorts International (NYSE: MGM). This morning’s free research reports on the aforesaid equities are available upon registration on DailyStockTracker.com at:
Norwegian Cruise Line Holdings
Miami, Florida headquartered Norwegian Cruise Line Holdings Ltd’s stock finished Monday’s session 0.07% higher at $55.27 with a total trading volume of 1.72 million shares. The Company’s shares have advanced 29.96% on an YTD basis. The stock is trading above its 200-day moving average by 3.80%. Furthermore, shares of the Company, which through its subsidiaries, provides cruise experiences for travelers with various itineraries in North America, the Mediterranean, the Baltic, Central America, Bermuda, and the Caribbean, have a Relative Strength Index (RSI) of 46.71.
On October 25th, 2017, research firm Argus initiated a ‘Buy’ rating on the Company’s stock, with a target price of $68 per share.
On November 09th, 2017, Norwegian Cruise Line reported financial results for Q3 ended September 30th, 2017. Net income for Q3 2017 was $400.7 million, total revenue increased to $1.7 billion, and gross yield increased 2.0%. Interest expense, net increased to $66.3 million in 2017, and other income (expense), net was an expense of $3.3 million. Visit us today and access our complete research report on NCLH at:
Penn National Gaming
Shares in Wyomissing, Pennsylvania-based Penn National Gaming Inc. ended at $27.15, up 1.00% from the last trading session. The stock recorded a trading volume of 848,477 shares. The Company’s shares have gained 14.51% in the last one month, 28.07% in the previous three months, and 96.88% on an YTD basis. The stock is trading 12.90% above its 50-day moving average and 35.74% above its 200-day moving average. Moreover, shares of the Company, which owns and manages gaming and racing facilities, and operates video gaming terminals with a focus on slot machine entertainment, have an RSI of 75.26.
On October 26th, 2017, Penn National Gaming announced financial results for the three months ended September 30th, 2017. Q3 2017 highlights included net revenues of $806.2 million, income from continuing operations of $143.7 million, and adjusted EBITDA of $221.8 million. The Company also reduced traditional net debt by $60.5 million compared to June 30th, 2017, while also repurchasing approximately $19 million of common shares during the quarter.
On October 27th, 2017, research firm Telsey Advisory Group downgraded the Company’s stock rating from ‘Outperform’ to ‘Market Perform’, with a target price of $26 per share. The complimentary report on PENN can be downloaded at:
La Quinta Holdings
Irving, Texas headquartered La Quinta Holdings Inc.’s stock ended yesterday’s session 0.77% higher at $17.00 with a total trading volume of 1.28 million shares. The Company’s shares have advanced 9.54% over the previous three months and 19.63% on an YTD basis. The stock is trading 13.12% above its 200-day moving average. Additionally, shares of La Quinta, which owns, operates, and franchises select-service hotels under the La Quinta brand, have an RSI of 43.32.
On October 16th, 2017, research firm Morgan Stanley downgraded the Company’s stock rating from ‘Overweight’ to ‘Equal-Weight’.
On November 01st, 2017, La Quinta announced its results for the quarter ended September 30th, 2017. For Q3 2017, the Company grew system-wide comparable RevPAR 2.9% over the same period of 2016, reported net income of $12.4 million, and reported total adjusted EBITDA of $93.8 million. As of September 30th, 2017, total cash and cash equivalents was $180.0 million. Register for free on DailyStockTracker.com and access the latest research report on LQ at:
MGM Resorts International
On Monday, shares in Las Vegas, Nevada-based MGM Resorts International recorded a trading volume of 6.16 million shares. The stock finished 0.55% higher at $33.06. The Company’s shares have advanced 11.16% in the last one month, 4.65% in the previous three months, and 14.67% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 4.36% and 8.41%, respectively. Furthermore, shares of MGM Resorts, which through its wholly owned subsidiaries, owns and/or operates casino resorts in the US and China, have an RSI of 63.67.
On November 07th, 2017, MGM Resorts’ Board of Directors approved a quarterly dividend of $0.11 per share totaling $62 million, which will be paid on December 15th, 2017, to holders of record on December 11th, 2017. Get free access to your research report on MGM at:
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