Hosking Partners LLP Raises Stock Holdings in MGM Resorts International (NYSE:MGM)

Hosking Partners LLP increased its stake in shares of MGM Resorts International (NYSE:MGM - Free Report) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 849,534 shares of the company's stock after buying an additional 15,577 shares during the quarter. Hosking Partners LLP owned about 0.29% of MGM Resorts International worth $29,436,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of MGM Resorts International by 0.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,200 shares of the company's stock worth $2,080,000 after acquiring an additional 309 shares during the period. Ballentine Partners LLC boosted its holdings in MGM Resorts International by 5.4% in the fourth quarter. Ballentine Partners LLC now owns 6,553 shares of the company's stock valued at $227,000 after purchasing an additional 333 shares during the last quarter. Global Retirement Partners LLC grew its position in MGM Resorts International by 47.8% during the 4th quarter. Global Retirement Partners LLC now owns 1,250 shares of the company's stock worth $43,000 after purchasing an additional 404 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of MGM Resorts International by 1.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 28,466 shares of the company's stock valued at $1,113,000 after buying an additional 459 shares during the last quarter. Finally, Blueshift Asset Management LLC raised its stake in shares of MGM Resorts International by 1.9% during the 3rd quarter. Blueshift Asset Management LLC now owns 25,436 shares of the company's stock valued at $994,000 after buying an additional 482 shares during the last quarter. 68.11% of the stock is owned by institutional investors and hedge funds.

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MGM Resorts International Price Performance

Shares of MGM traded down $0.64 during trading hours on Tuesday, hitting $32.55. 5,985,757 shares of the stock were exchanged, compared to its average volume of 5,056,554. The stock's 50-day moving average price is $34.60 and its two-hundred day moving average price is $36.69. MGM Resorts International has a 12-month low of $31.60 and a 12-month high of $48.24. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.26 and a current ratio of 1.30. The company has a market cap of $9.29 billion, a price-to-earnings ratio of 13.56, a price-to-earnings-growth ratio of 0.98 and a beta of 2.20.

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

Insider Activity at MGM Resorts International

In other news, Director Keith A. Meister sold 51,000 shares of MGM Resorts International stock in a transaction on Friday, December 13th. The stock was sold at an average price of $36.57, for a total transaction of $1,865,070.00. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Todd Meinert sold 6,000 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were 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 directly owns 18,301 shares of the company's stock, valued at $692,509.84. This represents a 24.69 % decrease in their position. The disclosure for this sale can be found here. 2.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MGM shares. Stifel Nicolaus boosted their price target on MGM Resorts International from $47.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, February 13th. JMP Securities reiterated a "market outperform" rating and issued a $50.00 target price on shares of MGM Resorts International in a research note on Thursday, February 13th. BTIG Research lowered shares of MGM Resorts International from a "buy" rating to a "neutral" rating in a research report on Monday, February 3rd. Citigroup lifted their price objective on shares of MGM Resorts International from $48.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Finally, Canaccord Genuity Group reissued a "buy" rating on shares of MGM Resorts International in a research note on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat, MGM Resorts International has an average rating of "Moderate Buy" and an average target price 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.