MGM Resorts International (NYSE:MGM) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. decreased its holdings in MGM Resorts International (NYSE:MGM - Free Report) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 292,780 shares of the company's stock after selling 6,953 shares during the quarter. D.A. Davidson & CO. owned about 0.10% of MGM Resorts International worth $10,145,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of MGM Resorts International by 0.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,200 shares of the company's stock valued at $2,080,000 after acquiring an additional 309 shares in the last quarter. Ballentine Partners LLC increased its holdings in shares of MGM Resorts International by 5.4% during the fourth quarter. Ballentine Partners LLC now owns 6,553 shares of the company's stock valued at $227,000 after acquiring an additional 333 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of MGM Resorts International by 1.6% during the third quarter. Daiwa Securities Group Inc. now owns 28,466 shares of the company's stock valued at $1,113,000 after acquiring an additional 459 shares in the last quarter. Blueshift Asset Management LLC increased its holdings in MGM Resorts International by 1.9% in the 3rd quarter. Blueshift Asset Management LLC now owns 25,436 shares of the company's stock worth $994,000 after buying an additional 482 shares in the last quarter. Finally, Hilltop Holdings Inc. increased its holdings in MGM Resorts International by 3.8% in the 3rd quarter. Hilltop Holdings Inc. now owns 13,198 shares of the company's stock worth $516,000 after buying an additional 489 shares in the last quarter. Hedge funds and other institutional investors own 68.11% of the company's stock.

Wall Street Analyst Weigh In

MGM has been the subject of several research analyst reports. Citigroup lifted their price objective on MGM Resorts International from $48.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. JMP Securities reissued a "market outperform" rating and issued a $50.00 target price on shares of MGM Resorts International in a research report on Thursday, February 13th. Jefferies Financial Group dropped their target price on MGM Resorts International from $52.00 to $50.00 and set a "buy" rating on the stock in a research report on Friday, January 3rd. Stifel Nicolaus raised their target price on MGM Resorts International from $47.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Finally, Wells Fargo & Company raised their target price on MGM Resorts International from $44.00 to $46.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $51.47.

Insider Activity

In other news, CAO Todd Meinert sold 6,000 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $37.84, for a total value of $227,040.00. Following the transaction, the chief accounting officer now directly owns 18,301 shares of the company's stock, valued at approximately $692,509.84. This represents a 24.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Keith A. Meister sold 51,000 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $36.57, for a total value of $1,865,070.00. Following the completion of the transaction, the director now directly owns 5,687,478 shares in the company, valued at $207,991,070.46. This represents a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.13% of the company's stock.

MGM Resorts International Stock Down 6.0 %

Shares of NYSE MGM traded down $2.28 during mid-day trading on Friday, reaching $36.02. 5,167,674 shares of the company were exchanged, compared to its average volume of 5,180,714. The firm has a 50-day moving average of $34.54 and a 200 day moving average of $36.79. The company has a quick ratio of 1.26, a current ratio of 1.30 and a debt-to-equity ratio of 1.73. MGM Resorts International has a 1 year low of $31.61 and a 1 year high of $48.24. The stock has a market cap of $10.28 billion, a price-to-earnings ratio of 15.01, a P/E/G ratio of 0.98 and a beta of 2.20.

MGM Resorts International (NYSE:MGM - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.45 EPS 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%. On average, research analysts expect that MGM Resorts International will post 2.21 earnings per share for the current year.

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.