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: Consumer Discretionary
- Industry: Lodging
- Sub-Industry: Hotels Resorts & Cruise Lines
- Symbol: NASDAQ:MHGC
- CUSIP: 61748W10
- Web: www.morganshotelgroup.com
- 50 Day Moving Avg: $2.05
- 200 Day Moving Avg: $2.15
- 52 Week Range: $0.79 - $3.56
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -1.59
- P/E Growth: 0.00
- Net Margins: 12.41%
- Return on Equity: -8.83%
- Return on Assets: 4.95%
- Current Ratio: 0.07%
- Quick Ratio: 0.07%
- 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) posted its earnings results on Monday, August, 8th. The company reported ($0.30) EPS for the quarter, hitting the Thomson Reuters' consensus estimate of ($0.30). The firm earned $52.86 million during the quarter, compared to analysts' expectations of $56.21 million. Morgans Hotel Group had a net margin of 12.41% and a negative return on equity of 8.83%. 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 Marriott International (MAR), Ctrip.Com International Ltd (CTRP), Expedia (EXPE), Hilton Worldwide Holdings (HLT), InterContinental Hotels Group PLC (IHG), Wyndham Worldwide (WYN), Hyatt Hotels (H), China Lodging Group, Ltd (HTHT), Choice Hotels International (CHH), Extended Stay America (STAY), Belmond Ltd (BEL), Red Lion Hotels (RLH), Homeinns Hotel Group (HMIN) and Starwood Hotels & Resorts Worldwide (HOT).
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.
How much does a share of Morgans Hotel Group stock cost?
One share of Morgans Hotel Group stock can currently be purchased for approximately $2.15.
Consensus Ratings for Morgans Hotel Group (NASDAQ:MHGC) (?) The ratings breakdown includes the most recent rating from each analyst that has rated the stock within the last twelve months. The ratings score is a calculation of the average number of sell, hold, buy and strong buy ratings (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). The consensus price target is a mean average of the most recent price target set by each analyst that has set a price target for the stock in the last twelve months.
|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)
(Data available from 5/26/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|5/10/2016||MKM Partners||Upgrade||Sell -> Neutral||$2.25||N/A|
Earnings History for Morgans Hotel Group (NASDAQ:MHGC)Earnings History by Quarter for Morgans Hotel Group (NASDAQ:MHGC)
(Data available from 1/1/2011 forward)
|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|
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)
|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 Friday, May, 26, 2017