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Morgans Hotel Group Company Profile (NASDAQ:MHGC)

Consensus Ratings for Morgans Hotel Group (NASDAQ:MHGC) (?)
Ratings Breakdown: 1 Hold Rating(s)
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $2.25 (4.65% upside)

Analysts' Ratings History for Morgans Hotel Group (NASDAQ:MHGC)
Show:
DateFirmActionRatingPrice TargetActions
5/10/2016MKM PartnersUpgradeSell -> Neutral$2.25View Rating Details  Tweet This Rating  Share This Rating on StockTwits
(Data available from 6/29/2014 forward)
Earnings History for Morgans Hotel Group (NASDAQ:MHGC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallActions
8/3/2016        
5/9/2016Q1($0.41)($0.37)ViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
3/10/2016Q415($0.23)$1.25$57.50 million$57.26 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
11/4/2015Q315($0.37)($0.34)$51.10 million$53.20 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
8/5/2015Q215($0.21)($0.31)$53.31 million$56.20 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
3/13/2015Q414$0.24($0.31)$65.20 million$62.38 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
11/7/2014Q314($0.40)($0.40)$59.80 million$55.51 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
8/8/2014Q2($0.26)($0.40)$62.60 million$61.45 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
5/8/2014Q313($0.50)($0.85)$54.40 million$55.62 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
3/13/2014($0.18)($0.32)ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
8/5/2013Q2 2013($0.52)($0.59)$25.74 million$31.45 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/28/2013Q4 2012($0.20)($0.48)$57.90 million$54.80 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
11/1/2012Q312($0.37)($0.59)$46.20 million$44.04 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2011 forward)
Earnings Estimates for Morgans Hotel Group (NASDAQ:MHGC)
No earnings estimates for this company have been tracked by MarketBeat.com

Dividend History for Morgans Hotel Group (NASDAQ:MHGC)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trading History for Morgans Hotel Group (NASDAQ:MHGC)
No insider trades for this company have been tracked by MarketBeat.com

Latest Headlines for Morgans Hotel Group (NASDAQ:MHGC)
DateHeadline
06/23/16 07:41 AMMORGANS HOTEL (MHGC) ALERT: Johnson & Weaver, LLP Launches an Investigation into the Fairness of Price and Process in Proposed Sale of Morgans Hotel Group Co.; Are Shareholders Getting a Fair Price? - [PR Newswire] - SAN DIEGO, June 23, 2016 /PRNewswire/ -- Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Morgans Hotel Group Co. (NASDAQ: MHGC) breached ...
06/16/16 09:47 AMSHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Morgans Hotel Group Co. Buyout - [Business Wire] - Rigrodsky & Long, P.A.:
06/11/16 07:58 AM$794M Morgan Hotels-SBEEG Merger Hit With Class Challenge
06/09/16 05:27 PMMORGANS HOTEL GROUP INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price & Process…
06/08/16 05:32 PMBaird’s Loeb offers comments on timely issues
06/07/16 07:49 AMSBE acquires Morgans Hotel Group for $794 million; Fried Frank acts as counsel
06/03/16 07:57 AMExpert Says Hotel Sector is Healthy, But Aging - agreeing to acquire Morgans Hotel Group Co. (MHGC), the company founded by Studio 54-creator Ian Schrager; and the Chinese company HNA Tourism Group’s planned acquisition of Carlson hotels. Despite Chinese conglomerate Anbang Insurance Group Co.’s loss ...
05/20/16 01:36 PMMorgans Hotel Group Co. (MHGC) is Trading Higher on Unusual Volume for May 18 - Morgans Hotel Group Co. (MHGC) experienced unusually high volume on May. 18, as the stock gained 0.47% to a closing price of $2.13. The stock saw 719,138 shares trade hands over the course of the day on 1,740 trades. Given that the stock’s average daily ...
05/20/16 01:36 PMAcquisition of Morgans Hotel Group Co. (NASDAQ:MHGC) by SBE Faces Investigation for Investors - An investigation on behalf of investors of Morgans Hotel Group Co. (NASDAQ:MHGC) in connection with the proposed takeover was announced and NASDAQ:MHGC stockholders should contact the Shareholders Foundation. This press release was orginally distributed by ...
05/19/16 08:36 PMSHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Morgans Hotel Group Co., Inc. - MHGC - [PR Newswire] - BALA CYNWYD, Pa., May 19, 2016 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Morgans Hotel Group Co., Inc. ("Morgans ...
05/19/16 12:04 PMMORGANS HOTEL GROUP CO. Financials -
05/18/16 03:07 PMMORGANS HOTEL GROUP CO. Files SEC form 8-K, Submission of Matters to a Vote of Security Holders -
05/17/16 08:46 PMHow the SBE-Morgans deal finally came together - After seeing merger negotiations with Morgans Hotel Group crumble last fall, hotelier Sam Nazarian wasn’t taking any chances this time around. When Nazarian’s firm SBE Entertainment Group took another shot at buying out the boutique hotel management ...
05/17/16 12:09 PMMorgans Hotel Group Co. :MHGC-US: Earnings Analysis: Q1, 2016 By the Numbers -
05/13/16 10:15 PMINVESTOR ALERT: Brower Piven Commences an Investigation into the Proposed Sale of Morgans Hotel Group Co. and Encourages Shareholders to Contact the Firm for Additional Information - [Business Wire] - The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Morgans Hotel Group Co.
05/13/16 04:50 PMMORGANS HOTEL GROUP INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Morgans Hotel Group Co. - [PR Newswire] - NEW ORLEANS, May 13, 2016 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale ...
05/11/16 02:02 PMMorgans Hotel Group Co. (MHGC): Pine River Capital Management Supports SBEEG Holdings’ Acquisition -
05/11/16 01:59 PMMorgans Hotel Group Co. (MHGC): Pine River Capital Management Supports SBEEG Holdings’ Acquisition -
05/11/16 12:44 PMMorgans Hotel Group Co. Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Merger with SBEEG Holdings, LLC - [Business Wire] - Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Morgans Hotel Group Co.
05/11/16 07:10 AMSBE to Acquire Morgans Hotel Group (MHGC) in $794M Deal - Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here. Morgans Hotel Group Co. (NASDAQ: MHGC), today announced it has entered into a definitive agreement under which Morgans will be acquired by leading global lifestyle ...
05/10/16 10:05 PM​Nazarian’s SBE to buy Morgans Hotel Group -
05/10/16 03:47 PMSHAREHOLDER ALERT: Brower Piven Commences an Investigation into the Proposed Sale of Morgans Hotel Group Co. and Encourages Investors to Contact the Firm for Additional Information - [Business Wire] - The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Morgans Hotel Group Co.
05/10/16 10:05 AMMORGANS HOTEL GROUP CO. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout - [Business Wire] - Rigrodsky & Long, P.A.:
05/10/16 09:31 AMMorgans Hotel Group upgraded by MKM Partners -
05/10/16 07:38 AMHigh-end Morgans hotel chain dealt to SBE for $82 million - Hospitality company SBE Entertainment Group has agreed to acquire Morgans Hotel Group Co., according to people familiar with ... SBE is paying $2.25 a share in cash for the outstanding shares of Morgans MHGC, +9.95%, which were recently trading on the ...
05/10/16 07:38 AMMorgans Hotel Group Co. (MHGC) Jumps 9.95% on May 09 - Morgans Hotel Group Co. (MHGC) was among the biggest gainers on the Russell 2000 for Monday May 09 as the stock popped 9.95% to $2.10, representing a gain of $0.19 per share. Some 2.17 million shares traded hands on 6,077 trades, compared with an average ...
05/10/16 07:38 AMSBE Entertainment to Acquire Morgans Hotel Group - ... Morgans Hotel Group Co., reaching a deal on Monday to combine the two hotel operators after more than a year of on-and-off-again merger talks. SBE is paying $2.25 per share in cash for the outstanding shares of Morgans, according to the two companies.
05/10/16 07:38 AMMorgans Hotel Group: New Home For Its Hotels, Execution Risk Grossly Mispriced - However, the market is pricing the execution risk at a substantial discount, which doesn't make sense. Morgans Hotel Group (NASDAQ: MHGC) is a hotel management company in the US with a straightforward simple business model. They charge a fee to manage ...
05/10/16 05:19 AMMORGANS HOTEL GROUP CO. Files SEC form 8-K, Entry into a Material Definitive Agreement, Other Events, Financial State -
05/09/16 10:58 PM[$$] SBE Entertainment to Acquire Morgans Hotel Group - [at The Wall Street Journal] - SBE Entertainment Group has agreed to acquire Morgans Hotel Group Co., ending a long saga in which the two companies have held on-and-off-again merger talks.
05/09/16 09:00 PMNazarian's SBE agrees to buy Morgans Hotel Group - Sam Nazarian's hotel and nightclub company has announced plans to acquire a boutique hotel company, Morgans Hotel Group, in an all-cash deal worth $794 million. Nazarian, who started as a nightclub mogul in Los Angeles, is the majority owner of SBE and will retain day-to-day operations after the...
05/09/16 08:58 PMSBE buys Morgans Hotel Group, Delano in $794M deal - Miami Herald - Miami HeraldSBE buys Morgans Hotel Group, Delano in $794M dealMiami HeraldThe wave of ownership changes continues in Miami Beach, with the iconic Delano South Beach changing hands later this year after owner Morgans Hotel Group was acquired Monday by hospitality company SBE. In a $794 million deal, SBE acquired ...SBE Entertainment Buys Morgans Hotel Group for $82 MillionSkiftSBE Acquisition Of Morgans Hotel Group Will Create Global, Fully Integrated Lifestyle Hospitality PlatformPR Newswire (press release)Morgans Hotel Group: New Home For Its Hotels, Execution Risk Grossly MispricedSeeking AlphaLos Angeles Times -Wall Street Journal -The Real Deal Magazine -New York Postall 17 news articles »
05/09/16 07:39 PMSBE Entertainment to Acquire Morgans Hotel Group - Wall Street Journal - Wall Street JournalSBE Entertainment to Acquire Morgans Hotel GroupWall Street JournalHospitality company SBE Entertainment Group has agreed to acquire Morgans Hotel Group Co. MHGC 9.95 % , according to people familiar with the matter, ending a long saga in which the two companies have held on-and-off-again merger talks. SBE is ...SBE Acquisition Of Morgans Hotel Group Will Create Global, Fully Integrated Lifestyle Hospitality PlatformPR Newswire (press release)SBE Entertainment Buys Morgans Hotel Group for $82 MillionSkiftSam Nazarian's SBE to acquire Morgans Hotel GroupThe Real Deal MagazineNew York Post -Bloomberg -Los Angeles Business Journal -Equities.comall 15 news articles »
05/09/16 06:40 PMBRIEF-Morgans Hotel says SBE CEO to retain majority ownership in SBE - * SBE acquisition of Morgans Hotel Group will create global, fully integrated lifestyle hospitality platform
05/09/16 06:40 PMMorgans Hotel Group to be taken private by SBE for $2.25/share -
05/09/16 05:19 PMBRIEF-SBE to acquire Morgans Hotel Group - * SBE will acquire all of outstanding shares of morgans common stock for $2.25 per share in cash
05/09/16 05:12 PMSHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation as to Whether the Sale of Morgans Hotel Group Co. for $2.25 to SBE is Fair to Shareholders -- MHGC - [Accesswire] - NEW YORK, NY / ACCESSWIRE / May 9, 2016 / The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Morgans Hotel Group Co. (NASDAQ: MHGC) stock prior ...
05/09/16 04:09 PMMorgans Hotel Agrees to $794 Million Purchase by Nazarian's SBE -
05/09/16 03:55 PMBRIEF-SBE Entertainment Group agreed to buy Morgans Hotel Group-WSJ - * SBE Entertainment Group has agreed to acquire Morgans Hotel Group Co - WSJ, citing sources
05/09/16 03:18 PMMorgans Hotel Group Reports First Quarter 2016 Results - [at noodls] - NEW YORK, May 09, 2016 (GLOBE NEWSWIRE) -- Morgans Hotel Group Co. (NASDAQ:MHGC) (the 'Company' or 'Morgans') today reported financial results, in constant dollars where applicable, for the quarter ended ...
05/09/16 03:18 PMSBE to Acquire Morgans Hotel Group - [at noodls] - NEW YORK, May 09, 2016 (GLOBE NEWSWIRE) -- Morgans Hotel Group Co. (NASDAQ:MHGC), ('Morgans') today announced it has entered into a definitive agreement under which Morgans will be acquired by leading ...
05/09/16 02:53 PMHigh-end Morgans hotel chain dealt to hospitality company SBE for $82 million -
05/09/16 02:38 PMETF’s with exposure to Morgans Hotel Group Co. : May 9, 2016 -
05/09/16 07:27 AMMorgans Hotel Group Co Earnings Call (Q1 2016) - Morgans Hotel Group Co., an integrated lifestyle hospitality company, owns, develops, operates, and licenses boutique hotels. It operates primarily in gateway cities and select resort markets in the United States, Europe, and internationally. The company ...
05/09/16 06:07 AMQ1 2016 Morgans Hotel Group Co Earnings Release - After Market Close -
05/07/16 07:13 AMMorgans Hotel Group Co. (MHGC) Jumps 43.61% on May 06 - Morgans Hotel Group Co. (MHGC) was among the biggest gainers on the Russell 2000 for Friday May 06 as the stock popped 43.61% to $1.91, representing a gain of $0.58 per share. Some 943,363 shares traded hands on 3,246 trades, compared with an average daily ...
05/06/16 07:43 AMMorgans Hotel Group Co. (MHGC) Drops 7.04% on May 04 - Morgans Hotel Group Co. (MHGC) was one of the Russell 2000's biggest losers for Wednesday May 04 as the stock slid 7.04% to $1.32, a loss of $-0.1 per share. Starting at an opening price of $1.42 a share, the stock traded between $1.30 and $1.42 over the ...
05/06/16 07:43 AMMorgans Hotel Group higher with buyout reportedly in the works -
05/03/16 08:40 AMMorgans Hotel Group Announces First Quarter 2016 Earnings Date and Conference Call Information - [at noodls] - NEW YORK, May 03, 2016 (GLOBE NEWSWIRE) -- Morgans Hotel Group Co. (NASDAQ:MHGC) today announced that it will release its first quarter 2016 results after the market closes on Monday, May 9, 2016. ... ...
04/23/16 07:55 AMMorgans Hotel Group Company (NASDAQ:MHGC) Shorted Shares Increased By 1.17% - MHGC’s total short interest was 1.26 million shares in ... It has underperformed by 68.18% the S&P500. Morgans Hotel Group Co. is a lifestyle hospitality company. The company has a market cap of $54.95 million. The Firm operates, owns, acquires, develops ...
About Morgans Hotel Group

Morgans Hotel Group logoMorgans Hotel Group Co. is a lifestyle hospitality company. The Company operates, owns, acquires, develops and redevelops boutique hotels, primarily in gateway cities and select resort markets in the United States, Europe and other international locations. The Company's portfolio includes 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 operations located at these hotels (collectively, the Company's Owned Hotels); Company's owned food and beverage operations; Company's two joint venture hotels, and Company's licensed hotel. The Company conducts its operations through Morgans Group LLC. The Company has around 90% controlling interest in TLG Acquisition LLC, which operates numerous food and beverage and nightclub venues primarily in Las Vegas. It also has investments in certain hotels under development and other proposed properties.

Industry, Sector and Symbol:
  • Sector: Services
  • Industry: Lodging
  • Sub-Industry: Hotels Resorts & Cruise Lines
  • Exchange: NASDAQ
  • Symbol: MHGC
  • CUSIP: 61748W10
Key Metrics:
  • Previous Close: $2.15
  • 50 Day Moving Average: $2.16
  • 200 Day Moving Average: $1.91
  • P/E Ratio: 8.46
  • P/E Growth: -0.16
  • Market Cap: $74.75M
  • Current Quarter EPS Consensus Estimate: $-1.36 EPS
Additional Links:
Morgans Hotel Group (NASDAQ:MHGC) Chart for Wednesday, June, 29, 2016


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