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.
Industry, Sector and Symbol:
- Sector: Cyclical Consumer Goods & Services
- Industry: Hotels & Motels
- Sub-Industry: Hotels Resorts & Cruise Lines
- Symbol: NASDAQ:MHGC
- CUSIP: 61748W10
- Web: www.morganshotelgroup.com
Average Prices:- 50 Day Moving Avg: $2.05
- 200 Day Moving Avg: $2.15
- 52 Week Range: $0.79 - $3.56
P/E:- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -1.59
- P/E Growth: 0.00
Profitability:- Net Margins: -17.23%
- Return on Assets: -6.56%
Debt:- Current Ratio: 0.07%
- Quick Ratio: 0.07%
Misc:- Average Volume: 201,084 shs.
- Beta: 1.73
Frequently Asked Questions for Morgans Hotel Group (NASDAQ:MHGC)
What is Morgans Hotel Group's stock symbol?
Morgans Hotel Group trades on the NASDAQ under the ticker symbol "MHGC."
How were Morgans Hotel Group's earnings last quarter?
Morgans Hotel Group Co. (NASDAQ:MHGC) issued its earnings results on Monday, August, 8th. The company reported ($0.30) EPS for the quarter, hitting analysts' consensus estimates of ($0.30). The business earned $52.86 million during the quarter, compared to analysts' expectations of $56.21 million. View Morgans Hotel Group's Earnings History.
Who are some of Morgans Hotel Group's key competitors?
Some companies that are related to Morgans Hotel Group include Nike (NKE), Carnival plc (CCL), Compass Group plc (CPG), Sky Plc (SKY), Yum China Holdings (YUMC), Sky Plc (BSY), Persimmon plc (PSN), Adient PLC (ADNT), Tui AG (TUI), Burberry Group plc (BRBY), InterContinental Hotels Group PLC (IHG), NEXT plc (NXT), Kingfisher plc (KGF), Whitbread plc (WTB), ITV plc (ITV), Burlington Stores (BURL), Taylor Wimpey plc (TW) and Barratt Developments Plc (BDEV).
How do I buy Morgans Hotel Group stock?
Shares of Morgans Hotel Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Morgans Hotel Group's stock price today?
One share of Morgans Hotel Group stock can currently be purchased for approximately $2.15.
MarketBeat Community Rating for Morgans Hotel Group (NASDAQ MHGC)MarketBeat's community ratings are surveys of what our community members think about Morgans Hotel Group and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Morgans Hotel Group (NASDAQ:MHGC) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | No ratings tracked in the last 12 months. |
| Consensus Rating: | N/A (Score: NaN) |
| Consensus Price Target: | N/A |
Analysts' Ratings History for Morgans Hotel Group (NASDAQ:MHGC)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 5/10/2016 | MKM Partners | Upgrade | Sell -> Neutral | $2.25 | N/A |  |
(Data available from 9/21/2015 forward)
Earnings History for Morgans Hotel Group (NASDAQ:MHGC)Earnings History by Quarter for Morgans Hotel Group (NASDAQ MHGC)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 8/8/2016 | Q2 | ($0.30) | ($0.30) | $56.21 million | $52.86 million | View | N/A | |
| 3/10/2016 | Q415 | ($0.23) | $1.25 | $57.50 million | $57.26 million | View | Listen | |
| 11/4/2015 | Q315 | ($0.37) | ($0.34) | $51.10 million | $53.20 million | View | Listen | |
| 8/5/2015 | Q215 | ($0.21) | ($0.31) | $53.31 million | $56.20 million | View | Listen | |
| 3/13/2015 | Q414 | $0.24 | ($0.31) | $65.20 million | $62.38 million | View | Listen | |
| 11/7/2014 | Q314 | ($0.40) | ($0.40) | $59.80 million | $55.51 million | View | Listen | |
| 8/8/2014 | Q2 | ($0.26) | ($0.40) | $62.60 million | $61.45 million | View | Listen | |
| 5/8/2014 | Q313 | ($0.50) | ($0.85) | $54.40 million | $55.62 million | View | N/A | |
| 3/13/2014 | Q4 2013 | ($0.18) | ($0.32) | | $64.87 million | View | N/A | |
| 8/5/2013 | Q2 2013 | ($0.52) | ($0.59) | $25.74 million | $31.45 million | View | N/A | |
| 2/28/2013 | Q4 2012 | ($0.20) | ($0.48) | $57.90 million | $54.80 million | View | Listen | |
| 11/1/2012 | Q312 | ($0.37) | ($0.59) | $46.20 million | $44.04 million | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Morgans Hotel Group (NASDAQ:MHGC)Current Year EPS Consensus Estimate: $-1.34 EPS
Next Year EPS Consensus Estimate: $-1.35 EPS
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
Headline Trends for Morgans Hotel Group (NASDAQ:MHGC)
Latest Headlines for Morgans Hotel Group (NASDAQ:MHGC)
| Source: |
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| Date | Headline |
|---|
 | La Quinta Holdings (LQ) and Morgans Hotel Group (MHGC) Critical Review
www.americanbankingnews.com - September 16 at 2:30 AM |
| Morgans Hotel Group (NASDAQ:MHGC) and Red Lion Hotels Corporation (RLH) Financial Review
www.americanbankingnews.com - August 3 at 8:48 PM |
| Morgans Hotel Group (MHGC) & Belmond (BEL) Financial Contrast
www.americanbankingnews.com - July 24 at 12:05 AM |
| Choice Hotels International (CHH) & Morgans Hotel Group (MHGC) Head-To-Head Contrast
www.americanbankingnews.com - July 18 at 12:27 AM |
| Head-To-Head Analysis: Morgans Hotel Group (NASDAQ:MHGC) and Marcus Corporation (The) (MCS)
www.americanbankingnews.com - July 5 at 8:54 AM |
 | Avison Young acquires Atlanta-based Hotel Assets Group, LLC
www.prnewswire.com - January 17 at 11:47 AM |
 | MORGANS HOTEL GROUP CO. Files SEC form 8-K, Completion of Acquisition or Disposition of Assets, Notice of Delisting o
biz.yahoo.com - December 6 at 9:57 AM |
 | SBE Entertainment Concludes Morgans Hotel Acquisition
www.wsj.com - December 1 at 6:30 PM |
| [$$] SBE Entertainment Concludes Morgans Hotel Acquisition
www.wsj.com - December 1 at 6:29 PM |
| MORGANS HOTEL GROUP CO. Files SEC form 10-Q, Quarterly Report
biz.yahoo.com - November 9 at 5:58 PM |
| MORGANS HOTEL GROUP CO. Files SEC form 8-K, Entry into a Material Definitive Agreement
biz.yahoo.com - November 9 at 5:58 PM |
 | BRIEF-MM Asset Management reports 5.20 pct passive stake in Morgans Hotel Group as of Sept. 20
www.reuters.com - September 30 at 6:16 PM |
| Morgans Hotel Shareholders Approve Sale of Company to SBE Entertainment
www.wsj.com - September 30 at 6:16 PM |
| [$$] Morgans Hotel Shareholders Approve SBE Entertainment Deal
www.wsj.com - September 29 at 6:05 PM |
| MORGANS HOTEL GROUP CO. Files SEC form 8-K, Submission of Matters to a Vote of Security Holders, Regulation FD Disclo
biz.yahoo.com - September 26 at 6:07 PM |
 | Morgans Hotel Group (MHGC) Receives Revised Takeover Offer at $2.75/Share
www.streetinsider.com - September 14 at 6:15 PM |
 | Morgans Hotel Group spikes after new buyout offer arrives
seekingalpha.com - September 14 at 12:18 PM |
| Clock ticking on Morgan Hotel Group buyout
seekingalpha.com - September 11 at 5:37 PM |
| NY Post: Potential buyer for Morgans Hotel backs out
seekingalpha.com - August 15 at 6:23 PM |
| BRIEF-Morgans Hotel Group qtrly loss per share $0.30
www.reuters.com - August 9 at 9:20 AM |
| Morgans Hotel Group (MHGC) Reports Q2 Loss of $0.30
www.streetinsider.com - August 9 at 9:20 AM |
| MORGANS HOTEL GROUP CO. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and E
biz.yahoo.com - August 8 at 10:52 AM |
| MORGANS 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?
finance.yahoo.com - June 23 at 8:41 AM |
| SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Morgans Hotel Group Co. Buyout
finance.yahoo.com - June 16 at 10:47 AM |
| SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Morgans Hotel Group Co., Inc. - MHGC
finance.yahoo.com - May 19 at 9:36 PM |
| MORGANS HOTEL GROUP CO. Files SEC form 8-K, Submission of Matters to a Vote of Security Holders
biz.yahoo.com - May 18 at 4:07 PM |
Morgans Hotel Group (MHGC) Chart for Thursday, September, 21, 2017
