MGM Resorts International (NYSE:MGM) Shares Purchased by Amundi

Amundi grew its holdings in shares of MGM Resorts International (NYSE:MGM - Free Report) by 207.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 836,144 shares of the company's stock after purchasing an additional 564,202 shares during the quarter. Amundi owned approximately 0.28% of MGM Resorts International worth $27,334,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in MGM. HG Vora Capital Management LLC purchased a new stake in shares of MGM Resorts International in the third quarter worth $97,725,000. Goldentree Asset Management LP increased its stake in shares of 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. Davis Selected Advisers raised its stake in shares of MGM Resorts International by 4.6% during the fourth quarter. Davis Selected Advisers now owns 19,920,713 shares of the company's stock valued at $690,253,000 after acquiring an additional 882,417 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in MGM Resorts International in the 4th quarter worth approximately $20,053,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in MGM Resorts International in the third quarter valued at $17,622,000. Institutional investors own 68.11% of the company's stock.

MGM Resorts International Stock Up 2.1 %

Shares of NYSE:MGM traded up $0.67 during trading hours on Monday, reaching $32.43. The stock had a trading volume of 5,132,412 shares, compared to its average volume of 4,170,733. The stock has a market capitalization of $9.26 billion, a price-to-earnings ratio of 13.51, a P/E/G ratio of 0.98 and a beta of 2.18. The firm's 50 day moving average is $34.09 and its 200-day moving average is $36.24. MGM Resorts International has a 1 year low of $29.99 and a 1 year high of $48.25. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.26 and a current ratio of 1.30.

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MGM Resorts International (NYSE:MGM - Get Free Report) last posted 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%. Research analysts predict that MGM Resorts International will post 2.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MGM has been the subject of a number of recent research reports. Argus raised shares of MGM Resorts International from a "hold" rating to a "buy" rating and set a $50.00 price target for the company in a research report on Friday, February 14th. Truist Financial dropped their price objective on MGM Resorts International from $54.00 to $50.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Canaccord Genuity Group reiterated a "buy" rating on shares of MGM Resorts International in a research note on Thursday, February 13th. Capital One Financial increased their price objective on shares of MGM Resorts International from $52.00 to $56.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Finally, Macquarie reissued an "outperform" rating and set a $50.00 price target on shares of MGM Resorts International in a report on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, MGM Resorts International has a consensus rating of "Moderate Buy" and a consensus price target of $51.29.

Insider Activity at MGM Resorts International

In related news, CFO Jonathan S. Halkyard acquired 10,000 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was bought at an average cost of $32.17 per share, with a total value of $321,700.00. Following the transaction, the chief financial officer now owns 75,648 shares of the company's stock, valued at $2,433,596.16. The trade was a 15.23 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Todd Meinert sold 6,000 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $37.84, for a total value of $227,040.00. Following the completion of the transaction, the chief accounting officer now directly owns 18,301 shares in the company, 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 corporate insiders.

MGM Resorts International Company Profile

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.