What This Fund Thinks about MGM Resorts International (MGM), Live Nation Entertainment, Inc. (LYV), & Two Other Stocks

Concourse Capital Management inched down its stake in MGM Resorts International (NYSE:MGM) by 3% to 299,167 shares worth $7.79 million during the third quarter. Meanwhile, the stock advanced by 15% in the same period. The number of funds tracked by Insider Monkey with stakes in MGM Resorts International (NYSE:MGM) increased by four to 59 during the second quarter. Among these funds, Canyon Capital Advisors was the largest shareholder with a position valued at $394 million at the end of June. It was followed by OZ Management with a $263.9 million stake. Other investors bullish on the company included Brookside Capital, PAR Capital Management, and Highfields Capital Management.

As MDC Partners Inc. (USA) (NASDAQ:MDCA)’s stock plunged by 40.5% during the third quarter, Concourse decided to dump the position and sold 216,306 shares it had held at the end of June. Overall, 18 funds from our database amassed long positions in MDC Partners Inc. (USA) (NASDAQ:MDCA) at the end of June, down by 5% over the quarter. Among these funds, GMT Capital held the most valuable stake in MDC Partners Inc. (USA) (NASDAQ:MDCA), which was worth $58 million at the end of the second quarter. On the second spot was Cardinal Capital which amassed $53.9 million worth of shares. Moreover, Roystone Capital Partners, Columbus Circle Investors, and Lionstone Capital Management were also bullish on MDC Partners Inc. (USA) (NASDAQ:MDCA)

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