American Assets Capital Advisers LLC Has $18.03 Million Holdings in MGM Resorts International (NYSE:MGM)

American Assets Capital Advisers LLC increased its position in shares of MGM Resorts International (NYSE:MGM - Free Report) by 10.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 520,334 shares of the company's stock after purchasing an additional 50,782 shares during the quarter. MGM Resorts International accounts for about 6.0% of American Assets Capital Advisers LLC's investment portfolio, making the stock its 5th largest holding. American Assets Capital Advisers LLC owned about 0.17% of MGM Resorts International worth $18,030,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its holdings in shares of MGM Resorts International by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,283,110 shares of the company's stock valued at $79,110,000 after purchasing an additional 38,749 shares during the last quarter. Goldentree Asset Management LP increased its position in MGM Resorts International by 86.4% in the third quarter. Goldentree Asset Management LP now owns 3,000,000 shares of the company's stock worth $117,270,000 after buying an additional 1,390,599 shares during the period. ACR Alpine Capital Research LLC lifted its stake in MGM Resorts International by 23.3% in the fourth quarter. ACR Alpine Capital Research LLC now owns 161,990 shares of the company's stock valued at $5,613,000 after buying an additional 30,605 shares during the last quarter. Davis Selected Advisers lifted its stake in MGM Resorts International by 4.6% in the fourth quarter. Davis Selected Advisers now owns 19,920,713 shares of the company's stock valued at $690,253,000 after buying an additional 882,417 shares during the last quarter. Finally, Miracle Mile Advisors LLC acquired a new position in shares of MGM Resorts International during the fourth quarter valued at $2,010,000. Institutional investors and hedge funds own 68.11% of the company's stock.

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MGM Resorts International Price Performance

Shares of MGM traded down $0.17 during trading hours on Thursday, hitting $32.52. 4,757,286 shares of the company were exchanged, compared to its average volume of 4,179,007. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.30 and a quick ratio of 1.26. The company has a market capitalization of $9.29 billion, a PE ratio of 13.55, a PEG ratio of 0.98 and a beta of 2.18. The firm has a fifty day simple moving average of $34.03 and a 200-day simple moving average of $36.14. MGM Resorts International has a one year low of $29.99 and a one year high of $48.25.

MGM Resorts International (NYSE:MGM - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.08. MGM Resorts International had a return on equity of 21.08% and a net margin of 4.33%. As a group, sell-side analysts predict that MGM Resorts International will post 2.21 earnings per share for the current year.

Insider Transactions at MGM Resorts International

In related news, CFO Jonathan S. Halkyard purchased 10,000 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average cost of $32.17 per share, for a total transaction of $321,700.00. Following the completion of the acquisition, the chief financial officer now owns 75,648 shares in the company, valued at $2,433,596.16. This trade represents a 15.23 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Todd Meinert sold 6,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $37.84, for a total transaction of $227,040.00. Following the completion of the sale, the chief accounting officer now owns 18,301 shares of the company's stock, valued at approximately $692,509.84. The trade was a 24.69 % decrease in their position. The disclosure for this sale can be found here. 2.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of MGM Resorts International from $47.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Wells Fargo & Company lifted their price target on MGM Resorts International from $44.00 to $46.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Jefferies Financial Group decreased their price objective on MGM Resorts International from $52.00 to $50.00 and set a "buy" rating for the company in a report on Friday, January 3rd. Argus raised MGM Resorts International from a "hold" rating to a "buy" rating and set a $50.00 target price on the stock in a research note on Friday, February 14th. Finally, Citigroup increased their price target on MGM Resorts International from $48.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $51.29.

About MGM Resorts International

MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and internationally. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.