Morgans Hotel Group Company Profile (NASDAQ:MHGC)

About Morgans Hotel Group

Morgans Hotel Group logoMorgans 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: Consumer Discretionary
  • Industry: Lodging
  • Sub-Industry: Hotels Resorts & Cruise Lines
  • Exchange: NASDAQ
  • Symbol: MHGC
  • CUSIP: 61748W10
Key Metrics:
  • Previous Close: $2.18
  • 50 Day Moving Average: $2.19
  • 200 Day Moving Average: $1.98
  • 52-Week Range: $34,874,000.00 - $0.79
  • Trailing P/E Ratio: 8.62
  • Foreward P/E Ratio: -1.61
  • P/E Growth: -0.16
  • Market Cap: $76.03M
  • Outstanding Shares: 34,874,000
  • Beta: 1.61
Profitability:
  • Net Margins: 12.52%
  • Return on Equity: -8.96%
  • Return on Assets: 5.10%
Debt:
  • Current Ratio: 0.07%
  • Quick Ratio: 0.07%
Additional Links:
Companies Related to Morgans Hotel Group:

Analyst Ratings

Consensus Ratings for Morgans Hotel Group (NASDAQ:MHGC) (?)
Ratings Breakdown: 1 Hold Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $2.25 (3.21% upside)

Analysts' Ratings History for Morgans Hotel Group (NASDAQ:MHGC)
Show:
DateFirmActionRatingPrice TargetDetails
5/10/2016MKM PartnersUpgradeSell -> Neutral$2.25View Rating Details
(Data available from 9/25/2014 forward)

Earnings

Earnings History for Morgans Hotel Group (NASDAQ:MHGC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/2/2016        
8/8/2016Q2($0.30)($0.30)$56.21 million$52.86 millionViewN/AView Earnings Details
5/9/2016Q1($0.41)($0.37)ViewListenView Earnings Details
3/10/2016Q415($0.23)$1.25$57.50 million$57.26 millionViewListenView Earnings Details
11/4/2015Q315($0.37)($0.34)$51.10 million$53.20 millionViewListenView Earnings Details
8/5/2015Q215($0.21)($0.31)$53.31 million$56.20 millionViewListenView Earnings Details
3/13/2015Q414$0.24($0.31)$65.20 million$62.38 millionViewListenView Earnings Details
11/7/2014Q314($0.40)($0.40)$59.80 million$55.51 millionViewListenView Earnings Details
8/8/2014Q2($0.26)($0.40)$62.60 million$61.45 millionViewListenView Earnings Details
5/8/2014Q313($0.50)($0.85)$54.40 million$55.62 millionViewN/AView Earnings Details
3/13/2014($0.18)($0.32)ViewN/AView Earnings Details
8/5/2013Q2 2013($0.52)($0.59)$25.74 million$31.45 millionViewN/AView Earnings Details
2/28/2013Q4 2012($0.20)($0.48)$57.90 million$54.80 millionViewListenView Earnings Details
11/1/2012Q312($0.37)($0.59)$46.20 million$44.04 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Morgans Hotel Group (NASDAQ:MHGC)
Current Year EPS Consensus Estimate: $-1.34 EPS
Next Year EPS Consensus Estimate: $-1.35 EPS

Dividends

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

Insider Trades

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

Headlines

Latest Headlines for Morgans Hotel Group (NASDAQ:MHGC)
DateHeadline
News Iconsbe Faces Rival Bid for Morgans Hotel Group (NASDAQ:MHGC)
www.hotelbusiness.com - September 16 at 9:25 AM
News IconMorgans Receives Takeover Bid (NASDAQ:MHGC)
hotelnewsresource.mobi - September 15 at 4:08 PM
News IconMorgans Hotel Group Takeover (NASDAQ:MHGC)
www.hotelnewsresource.com - September 15 at 4:08 PM
News IconM&A activity from the US session (NASDAQ:MHGC)
portal.ransquawk.com - September 14 at 6:15 PM
News IconMorgans Hotel Group (MHGC) Stock: Gaining On Takeover Offer (NASDAQ:MHGC)
cnafinance.com - September 14 at 6:15 PM
streetinsider.com logoMorgans Hotel Group (MHGC) Receives Revised Takeover Offer at $2.75/Share (NASDAQ:MHGC)
www.streetinsider.com - September 14 at 6:15 PM
publicnow.com logoMorgans Receives Revised Takeover Proposal and Will Adjourn Special Meeting of Stockholders to Evaluate (NASDAQ:MHGC)
www.publicnow.com - September 14 at 6:15 PM
feeds.reuters.com logoBRIEF-Morgans Hotel Group gets $2.75/share revised takeover proposal (NASDAQ:MHGC)
feeds.reuters.com - September 14 at 12:18 PM
seekingalpha.com logoMorgans Hotel Group spikes after new buyout offer arrives (NASDAQ:MHGC)
seekingalpha.com - September 14 at 12:18 PM
seekingalpha.com logoClock ticking on Morgan Hotel Group buyout (NASDAQ:MHGC)
seekingalpha.com - September 11 at 5:37 PM
capitalcube.com logoETF’s with exposure to Morgans Hotel Group Co. : September 1, 2016 (NASDAQ:MHGC)
www.capitalcube.com - September 1 at 6:01 PM
seekingalpha.com logoNY Post: Potential buyer for Morgans Hotel backs out (NASDAQ:MHGC)
seekingalpha.com - August 15 at 6:23 PM
capitalcube.com logoMorgans Hotel Group Co. :MHGC-US: Earnings Analysis: Q2, 2016 By the Numbers : August 12, 2016 (NASDAQ:MHGC)
www.capitalcube.com - August 12 at 6:16 PM
reuters.com logoBRIEF-Morgans Hotel Group qtrly loss per share $0.30 (NASDAQ:MHGC)
www.reuters.com - August 9 at 9:20 AM
4-traders.com logoMORGANS HOTEL GROUP CO. : Results of Operations and Financial Condition, Financial Statements and Exhibits (form 8-K) (NASDAQ:MHGC)
www.4-traders.com - August 9 at 9:20 AM
streetinsider.com logoMorgans Hotel Group (MHGC) Reports Q2 Loss of $0.30 (NASDAQ:MHGC)
www.streetinsider.com - August 9 at 9:20 AM
sg.finance.yahoo.com logoMorgans reports 2Q loss (NASDAQ:MHGC)
sg.finance.yahoo.com - August 8 at 10:52 AM
biz.yahoo.com logoMORGANS HOTEL GROUP CO. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and E (NASDAQ:MHGC)
biz.yahoo.com - August 8 at 10:52 AM
publicnow.com logoMorgans Hotel Group Reports Second Quarter 2016 Results (NASDAQ:MHGC)
www.publicnow.com - August 8 at 10:52 AM
equities.com logoMorgans Hotel Group Co. (MHGC) Jumps 17.65% on July 26 (NASDAQ:MHGC)
www.equities.com - July 27 at 9:07 AM
News IconMorgans Hotel Group launches Modern Classic campaign (NASDAQ:MHGC)
www.incentivetravel.co.uk - July 23 at 10:06 AM
News IconAn Unforgettable Art Experience in London (NASDAQ:MHGC)
robbreport.com - July 12 at 6:25 PM
finance.yahoo.com logoMORGANS 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? (NASDAQ:MHGC)
finance.yahoo.com - June 23 at 8:41 AM
finance.yahoo.com logoSHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Morgans Hotel Group Co. Buyout (NASDAQ:MHGC)
finance.yahoo.com - June 16 at 10:47 AM
law360.com logo$794M Morgan Hotels-SBEEG Merger Hit With Class Challenge (NASDAQ:MHGC)
www.law360.com - June 11 at 8:58 AM
News IconMORGANS HOTEL GROUP INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price & Process… (NASDAQ:MHGC)
www.southcarolinasc.com - June 9 at 6:27 PM
News IconBaird’s Loeb offers comments on timely issues (NASDAQ:MHGC)
hotelsmag.com - June 8 at 6:32 PM
News IconSBE acquires Morgans Hotel Group for $794 million; Fried Frank acts as counsel (NASDAQ:MHGC)
cre.nyrej.com - June 7 at 8:49 AM
News IconExpert Says Hotel Sector is Healthy, But Aging (NASDAQ:MHGC)
www.globest.com - June 3 at 8:57 AM
equities.com logoMorgans Hotel Group Co. (MHGC) is Trading Higher on Unusual Volume for May 18 (NASDAQ:MHGC)
www.equities.com - May 20 at 2:36 PM
News IconAcquisition of Morgans Hotel Group Co. (NASDAQ:MHGC) by SBE Faces Investigation for Investors (NASDAQ:MHGC)
www.digitaljournal.com - May 20 at 2:36 PM
finance.yahoo.com logoSHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Morgans Hotel Group Co., Inc. - MHGC (NASDAQ:MHGC)
finance.yahoo.com - May 19 at 9:36 PM
finance.yahoo.com logoMORGANS HOTEL GROUP CO. Financials (NASDAQ:MHGC)
finance.yahoo.com - May 19 at 1:04 PM
biz.yahoo.com logoMORGANS HOTEL GROUP CO. Files SEC form 8-K, Submission of Matters to a Vote of Security Holders (NASDAQ:MHGC)
biz.yahoo.com - May 18 at 4:07 PM
News IconHow the SBE-Morgans deal finally came together (NASDAQ:MHGC)
therealdeal.com - May 17 at 9:46 PM
capitalcube.com logoMorgans Hotel Group Co. :MHGC-US: Earnings Analysis: Q1, 2016 By the Numbers (NASDAQ:MHGC)
www.capitalcube.com - May 17 at 1:09 PM
finance.yahoo.com logoINVESTOR 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 (NASDAQ:MHGC)
finance.yahoo.com - May 13 at 11:15 PM
finance.yahoo.com logoMORGANS 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. (NASDAQ:MHGC)
finance.yahoo.com - May 13 at 5:50 PM
News IconMorgans Hotel Group Co. (MHGC): Pine River Capital Management Supports SBEEG Holdings’ Acquisition (NASDAQ:MHGC)
feedproxy.google.com - May 11 at 3:02 PM
insidermonkey.com logoMorgans Hotel Group Co. (MHGC): Pine River Capital Management Supports SBEEG Holdings’ Acquisition (NASDAQ:MHGC)
www.insidermonkey.com - May 11 at 2:59 PM
finance.yahoo.com logoMorgans Hotel Group Co. Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Merger with SBEEG Holdings, LLC (NASDAQ:MHGC)
finance.yahoo.com - May 11 at 1:44 PM
streetinsider.com logoSBE to Acquire Morgans Hotel Group (MHGC) in $794M Deal (NASDAQ:MHGC)
www.streetinsider.com - May 11 at 8:10 AM
bizjournals.com logo​Nazarian’s SBE to buy Morgans Hotel Group (NASDAQ:MHGC)
www.bizjournals.com - May 10 at 11:05 PM
finance.yahoo.com logoSHAREHOLDER 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 (NASDAQ:MHGC)
finance.yahoo.com - May 10 at 4:47 PM
finance.yahoo.com logoMORGANS HOTEL GROUP CO. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout (NASDAQ:MHGC)
finance.yahoo.com - May 10 at 11:05 AM
finance.yahoo.com logoMorgans Hotel Group upgraded by MKM Partners (NASDAQ:MHGC)
finance.yahoo.com - May 10 at 10:31 AM
marketwatch.com logoHigh-end Morgans hotel chain dealt to SBE for $82 million (NASDAQ:MHGC)
www.marketwatch.com - May 10 at 8:38 AM
equities.com logoMorgans Hotel Group Co. (MHGC) Jumps 9.95% on May 09 (NASDAQ:MHGC)
www.equities.com - May 10 at 8:38 AM
wsj.com logoSBE Entertainment to Acquire Morgans Hotel Group (NASDAQ:MHGC)
www.wsj.com - May 10 at 8:38 AM
seekingalpha.com logoMorgans Hotel Group: New Home For Its Hotels, Execution Risk Grossly Mispriced (NASDAQ:MHGC)
seekingalpha.com - May 10 at 8:38 AM

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Morgans Hotel Group (NASDAQ:MHGC) Chart for Sunday, September, 25, 2016


Last Updated on 9/25/2016 by MarketBeat.com Staff