MGM Resorts International (NYSE:MGM) Shares Acquired by Benjamin Edwards Inc.

Benjamin Edwards Inc. grew its stake in MGM Resorts International (NYSE:MGM - Free Report) by 1,147.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,789 shares of the company's stock after purchasing an additional 32,920 shares during the period. Benjamin Edwards Inc.'s holdings in MGM Resorts International were worth $1,399,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Fisher Asset Management LLC lifted its stake in shares of MGM Resorts International by 2.0% in the 3rd quarter. Fisher Asset Management LLC now owns 4,547,883 shares of the company's stock valued at $177,777,000 after purchasing an additional 90,645 shares during the last quarter. Goldentree Asset Management LP lifted its stake in shares of MGM Resorts International by 86.4% in the 3rd quarter. Goldentree Asset Management LP now owns 3,000,000 shares of the company's stock valued at $117,270,000 after purchasing an additional 1,390,599 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of MGM Resorts International by 5.7% in 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 purchasing an additional 123,124 shares during the last quarter. FMR LLC lifted its stake in shares of MGM Resorts International by 5.0% in the 3rd quarter. FMR LLC now owns 1,681,699 shares of the company's stock valued at $65,738,000 after purchasing an additional 79,486 shares during the last quarter. Finally, Empower Advisory Group LLC lifted its stake in shares of MGM Resorts International by 4.2% in the 3rd quarter. Empower Advisory Group LLC now owns 1,571,492 shares of the company's stock valued at $61,430,000 after purchasing an additional 62,997 shares during the last quarter. 68.11% of the stock is owned by institutional investors.

Insider Buying and Selling at MGM Resorts International

In related news, Director Keith A. Meister sold 121,000 shares of the company's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $36.72, for a total transaction of $4,443,120.00. Following the completion of the transaction, the director now owns 5,738,478 shares in the company, valued at $210,716,912.16. This represents a 2.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.13% of the stock is currently owned by corporate insiders.

MGM Resorts International Stock Up 0.2 %

MGM stock traded up $0.06 on Friday, hitting $36.90. 3,707,558 shares of the company's stock were exchanged, compared to its average volume of 4,063,757. MGM Resorts International has a 12-month low of $33.44 and a 12-month high of $48.24. The firm has a 50 day moving average price of $38.71 and a two-hundred day moving average price of $39.51. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.21 and a current ratio of 1.24. The stock has a market cap of $10.99 billion, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 2.68 and a beta of 2.20.

MGM Resorts International (NYSE:MGM - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.04). MGM Resorts International had a return on equity of 25.84% and a net margin of 5.23%. The firm had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same period in the prior year, the firm posted $0.64 EPS. The business's revenue was up 5.3% compared to the same quarter last year. As a group, equities research analysts expect that MGM Resorts International will post 2.5 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on MGM. Morgan Stanley raised their price target on MGM Resorts International from $43.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 22nd. Mizuho decreased their price target on MGM Resorts International from $57.00 to $56.00 and set an "outperform" rating for the company in a research note on Thursday, October 31st. Truist Financial decreased their price target on MGM Resorts International from $58.00 to $56.00 and set a "buy" rating for the company in a research note on Wednesday, October 23rd. JMP Securities reduced their price objective on MGM Resorts International from $54.00 to $50.00 and set a "market outperform" rating on the stock in a report on Monday, November 25th. Finally, Wells Fargo & Company reduced their price objective on MGM Resorts International from $53.00 to $47.00 and set an "overweight" rating on the stock in a report on Thursday, October 17th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $52.85.

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.