Factorial Partners LLC Invests $658,000 in MGM Resorts International (NYSE:MGM)

Factorial Partners LLC purchased a new position in MGM Resorts International (NYSE:MGM - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 19,000 shares of the company's stock, valued at approximately $658,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Fisher Asset Management LLC raised its stake in MGM Resorts International by 2.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,547,883 shares of the company's stock worth $177,777,000 after acquiring an additional 90,645 shares during the period. 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 purchasing an additional 1,390,599 shares in the last quarter. HG Vora Capital Management LLC bought a new stake in shares of MGM Resorts International during the 3rd quarter valued at $97,725,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of MGM Resorts International by 5.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,298,094 shares of the company's stock valued at $89,832,000 after buying an additional 123,124 shares in the last quarter. Finally, FMR LLC boosted its holdings in MGM Resorts International by 5.0% in the 3rd quarter. FMR LLC now owns 1,681,699 shares of the company's stock worth $65,738,000 after buying an additional 79,486 shares during the period. Hedge funds and other institutional investors own 68.11% of the company's stock.

Insider Buying and Selling at MGM Resorts International

In other MGM Resorts International 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 completion of the sale, the chief accounting officer now directly owns 18,301 shares in the company, valued at approximately $692,509.84. This trade represents a 24.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Keith A. Meister sold 51,000 shares of the business's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $36.57, for a total value of $1,865,070.00. Following the sale, the director now owns 5,687,478 shares in the company, valued at $207,991,070.46. The trade was a 0.89 % decrease in their position. The disclosure for this sale can be found here. 2.13% of the stock is owned by insiders.

MGM Resorts International Stock Down 2.9 %

MGM Resorts International stock traded down $1.00 during midday trading on Monday, hitting $33.77. 2,168,143 shares of the company's stock were exchanged, compared to its average volume of 4,998,748. The firm has a 50-day moving average of $34.62 and a two-hundred day moving average of $36.73. MGM Resorts International has a 12 month low of $31.61 and a 12 month high of $48.24. The company has a market cap of $9.64 billion, a PE ratio of 14.07, a P/E/G ratio of 0.98 and a beta of 2.20. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.26 and a current ratio of 1.30.

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

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Canaccord Genuity Group restated a "buy" rating on shares of MGM Resorts International in a research report on Thursday, February 13th. Susquehanna Bancshares boosted their price target on MGM Resorts International from $53.00 to $56.00 in a report on Wednesday, February 12th. Macquarie reaffirmed an "outperform" rating and set a $50.00 price objective on shares of MGM Resorts International in a report on Thursday, February 13th. Wedbush reissued an "outperform" rating on shares of MGM Resorts International in a report on Thursday, February 13th. Finally, Morgan Stanley raised their target price on shares of MGM Resorts International from $39.00 to $41.00 and gave the company an "equal weight" rating in a research note on Monday, February 24th. Six equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $51.29.

MGM Resorts International 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.