Morgans Hotel Group Company Profile (NASDAQ:MHGC)

About Morgans Hotel Group (NASDAQ:MHGC)

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: 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) released its quarterly earnings results on Monday, August, 8th. The company reported ($0.30) EPS for the quarter, meeting the Zacks' consensus estimate of ($0.30). The firm earned $52.86 million during the quarter, compared to the consensus estimate of $56.21 million. View Morgans Hotel Group's Earnings History.

Who are some of Morgans Hotel Group's key competitors?

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)
Community Ranking:  1.8 out of 5 ()
Outperform Votes:  21 (Vote Outperform)
Underperform Votes:  38 (Vote Underperform)
Total Votes:  59
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.

Analyst Ratings

Consensus Ratings for Morgans Hotel Group (NASDAQ:MHGC) (How are Consensus Ratings Calculated?)
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:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/10/2016MKM PartnersUpgradeSell -> Neutral$2.25N/AView Rating Details
(Data available from 7/27/2015 forward)

Earnings

Earnings History for Morgans Hotel Group (NASDAQ:MHGC)
Earnings by Quarter for Morgans Hotel Group (NASDAQ:MHGC)
Earnings History by Quarter for Morgans Hotel Group (NASDAQ MHGC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
8/8/2016Q2($0.30)($0.30)$56.21 million$52.86 millionViewN/AView 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
3/13/2014Q4 2013($0.18)($0.32)$64.87 millionViewN/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

Headline Trends for Morgans Hotel Group (NASDAQ:MHGC)
Latest Headlines for Morgans Hotel Group (NASDAQ:MHGC)
Source:
DateHeadline
americanbankingnews.com logoMorgans Hotel Group (MHGC) & Belmond (BEL) Financial Contrast
www.americanbankingnews.com - July 24 at 12:05 AM
americanbankingnews.com logoChoice Hotels International (CHH) & Morgans Hotel Group (MHGC) Head-To-Head Contrast
www.americanbankingnews.com - July 18 at 12:27 AM
americanbankingnews.com logoHead-To-Head Analysis: Morgans Hotel Group (NASDAQ:MHGC) and Marcus Corporation (The) (MCS)
www.americanbankingnews.com - July 5 at 8:54 AM
prnewswire.com logoAvison Young acquires Atlanta-based Hotel Assets Group, LLC
www.prnewswire.com - January 17 at 11:47 AM
biz.yahoo.com logoMORGANS 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
wsj.com logoSBE Entertainment Concludes Morgans Hotel Acquisition
www.wsj.com - December 1 at 6:30 PM
wsj.com logo[$$] SBE Entertainment Concludes Morgans Hotel Acquisition
www.wsj.com - December 1 at 6:29 PM
biz.yahoo.com logoMORGANS HOTEL GROUP CO. Files SEC form 10-Q, Quarterly Report
biz.yahoo.com - November 9 at 5:58 PM
biz.yahoo.com logoMORGANS HOTEL GROUP CO. Files SEC form 8-K, Entry into a Material Definitive Agreement
biz.yahoo.com - November 9 at 5:58 PM
reuters.com logoBRIEF-MM Asset Management reports 5.20 pct passive stake in Morgans Hotel Group as of Sept. 20
www.reuters.com - September 30 at 6:16 PM
wsj.com logoMorgans Hotel Shareholders Approve Sale of Company to SBE Entertainment
www.wsj.com - September 30 at 6:16 PM
wsj.com logo[$$] Morgans Hotel Shareholders Approve SBE Entertainment Deal
www.wsj.com - September 29 at 6:05 PM
biz.yahoo.com logoMORGANS 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
streetinsider.com logoMorgans Hotel Group (MHGC) Receives Revised Takeover Offer at $2.75/Share
www.streetinsider.com - September 14 at 6:15 PM
seekingalpha.com logoMorgans Hotel Group spikes after new buyout offer arrives
seekingalpha.com - September 14 at 12:18 PM
seekingalpha.com logoClock ticking on Morgan Hotel Group buyout
seekingalpha.com - September 11 at 5:37 PM
seekingalpha.com logoNY Post: Potential buyer for Morgans Hotel backs out
seekingalpha.com - August 15 at 6:23 PM
reuters.com logoBRIEF-Morgans Hotel Group qtrly loss per share $0.30
www.reuters.com - August 9 at 9:20 AM
streetinsider.com logoMorgans Hotel Group (MHGC) Reports Q2 Loss of $0.30
www.streetinsider.com - August 9 at 9:20 AM
biz.yahoo.com logoMORGANS 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
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?
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
finance.yahoo.com - June 16 at 10:47 AM
finance.yahoo.com logoSHAREHOLDER 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
biz.yahoo.com logoMORGANS 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

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Chart

Morgans Hotel Group (MHGC) Chart for Thursday, July, 27, 2017

This page was last updated on 7/27/2017 by MarketBeat.com Staff