Groupama Asset Managment Has $544,000 Stock Holdings in MGM Resorts International (NYSE:MGM)

Groupama Asset Managment trimmed its position in MGM Resorts International (NYSE:MGM - Free Report) by 83.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,840 shares of the company's stock after selling 80,670 shares during the period. Groupama Asset Managment's holdings in MGM Resorts International were worth $544,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in MGM Resorts International in the fourth quarter valued at about $88,033,000. Davis Selected Advisers raised its holdings in MGM Resorts International by 4.6% during the 4th quarter. Davis Selected Advisers now owns 19,920,713 shares of the company's stock worth $690,253,000 after buying an additional 882,417 shares during the period. Raymond James Financial Inc. bought a new position in MGM Resorts International in the fourth quarter valued at approximately $20,053,000. Amundi boosted its holdings in shares of MGM Resorts International by 207.5% in the fourth quarter. Amundi now owns 836,144 shares of the company's stock valued at $27,334,000 after buying an additional 564,202 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of MGM Resorts International during the third quarter worth $17,622,000. Institutional investors own 68.11% of the company's stock.

Wall Street Analyst Weigh In

MGM has been the subject of a number of research reports. Citigroup increased 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. Argus raised shares of MGM Resorts International from a "hold" rating to a "buy" rating and set a $50.00 price target on the stock in a research report on Friday, February 14th. Truist Financial dropped their target price on MGM Resorts International from $54.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Susquehanna Bancshares boosted their price target on MGM Resorts International from $53.00 to $56.00 in a research report on Wednesday, February 12th. Finally, Mizuho raised their target price on shares of MGM Resorts International from $56.00 to $60.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, MGM Resorts International has a consensus rating of "Moderate Buy" and a consensus price target of $51.29.

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Insider Buying and Selling at MGM Resorts International

In related news, CFO Jonathan S. Halkyard bought 10,000 shares of the business's stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of $32.17 per share, for a total transaction of $321,700.00. Following the completion of the transaction, the chief financial officer now directly owns 75,648 shares of the company's stock, valued at approximately $2,433,596.16. This represents a 15.23 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Todd Meinert sold 6,000 shares of the business's stock in a transaction 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 sale, 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. Insiders own 2.83% of the company's stock.

MGM Resorts International Stock Performance

Shares of MGM traded up $4.19 during mid-day trading on Wednesday, hitting $29.98. 9,047,450 shares of the company's stock were exchanged, compared to its average volume of 4,556,801. 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 52 week low of $25.30 and a 52 week high of $47.26. The stock's 50-day simple moving average is $32.85 and its 200-day simple moving average is $35.36. The firm has a market cap of $8.48 billion, a price-to-earnings ratio of 12.49, a price-to-earnings-growth ratio of 0.98 and a beta of 1.96.

MGM Resorts International (NYSE:MGM - Get Free Report) last posted 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 return on equity of 21.08% and a net margin of 4.33%. On average, equities research analysts expect that MGM Resorts International will post 2.21 EPS for the current year.

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.