Morgans Hotel Group Co. (NASDAQ:MHGC) is scheduled to issue its quarterly earnings data before the market opens on Monday, November 14th.

Earnings History for Morgans Hotel Group (NASDAQ:MHGC)

Morgans Hotel Group Co. (NASDAQ:MHGC) traded down 2.38% during trading on Friday, hitting $2.05. The stock had a trading volume of 8,183 shares. The company has a market capitalization of $71.51 million, a P/E ratio of 9.53 and a beta of 1.72. Morgans Hotel Group Co. has a 1-year low of $0.79 and a 1-year high of $3.56. The stock’s 50-day moving average price is $2.01 and its 200-day moving average price is $2.12.

Several hedge funds have recently bought and sold shares of MHGC. TFS Capital LLC acquired a new stake in Morgans Hotel Group during the second quarter valued at about $152,000. BlackRock Institutional Trust Company N.A. boosted its stake in Morgans Hotel Group by 86.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 88,326 shares of the company’s stock valued at $178,000 after buying an additional 41,000 shares during the last quarter. K2 Principal Fund L.P. bought a new stake in shares of Morgans Hotel Group during the second quarter valued at approximately $186,000. Paloma Partners Management Co bought a new stake in shares of Morgans Hotel Group during the second quarter valued at approximately $211,000. Finally, Ancora Advisors LLC bought a new stake in shares of Morgans Hotel Group during the second quarter valued at approximately $272,000. 38.32% of the stock is currently owned by institutional investors.

Morgans Hotel Group Company Profile

5 Day Chart for NASDAQ:MHGC

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