Aigen Investment Management LP Has $1.01 Million Stock Holdings in MGM Resorts International (NYSE:MGM)

Aigen Investment Management LP decreased its stake in shares of MGM Resorts International (NYSE:MGM - Free Report) by 75.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,210 shares of the company's stock after selling 89,471 shares during the period. Aigen Investment Management LP's holdings in MGM Resorts International were worth $1,012,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in MGM. HG Vora Capital Management LLC bought a new stake in shares of MGM Resorts International during the third quarter worth $97,725,000. Goldentree Asset Management LP increased its position in shares of MGM Resorts International by 86.4% during the third quarter. Goldentree Asset Management LP now owns 3,000,000 shares of the company's stock worth $117,270,000 after acquiring an additional 1,390,599 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of MGM Resorts International during the third quarter worth $17,622,000. ArrowMark Colorado Holdings LLC increased its position in shares of MGM Resorts International by 207.5% during the third quarter. ArrowMark Colorado Holdings LLC now owns 656,475 shares of the company's stock worth $25,662,000 after acquiring an additional 442,975 shares in the last quarter. Finally, KBC Group NV increased its position in shares of MGM Resorts International by 3,041.1% during the fourth quarter. KBC Group NV now owns 388,047 shares of the company's stock worth $13,446,000 after acquiring an additional 375,693 shares in the last quarter. Institutional investors own 68.11% of the company's stock.

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Insider Buying and Selling at MGM Resorts International

In related news, CFO Jonathan S. Halkyard purchased 10,000 shares of MGM Resorts International stock in a transaction dated Thursday, March 6th. The shares were bought at an average cost of $32.17 per share, for a total transaction of $321,700.00. Following the purchase, the chief financial officer now owns 75,648 shares in the company, valued at approximately $2,433,596.16. This trade represents a 15.23 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Todd Meinert sold 6,000 shares of the firm's stock in a transaction that occurred on 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 owns 18,301 shares in the company, valued at approximately $692,509.84. The trade was a 24.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.83% of the company's stock.

MGM Resorts International Price Performance

MGM stock traded up $0.41 during mid-day trading on Friday, hitting $32.05. The stock had a trading volume of 9,372,192 shares, compared to its average volume of 5,181,714. The company has a current ratio of 1.30, a quick ratio of 1.26 and a debt-to-equity ratio of 1.73. MGM Resorts International has a 52 week low of $30.69 and a 52 week high of $48.24. The firm has a market capitalization of $9.15 billion, a P/E ratio of 13.35, a P/E/G ratio of 0.98 and a beta of 2.18. The firm has a fifty day simple moving average of $34.40 and a 200 day simple moving average of $36.51.

MGM Resorts International (NYSE:MGM - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.45 EPS for the quarter, beating the consensus estimate 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, research analysts forecast that MGM Resorts International will post 2.21 EPS for the current year.

Wall Street Analyst Weigh In

MGM has been the subject of several research reports. Wedbush reissued an "outperform" rating on shares of MGM Resorts International in a research report on Thursday, February 13th. BTIG Research cut shares of MGM Resorts International from a "buy" rating to a "neutral" rating in a report on Monday, February 3rd. Capital One Financial increased their target price on shares of MGM Resorts International from $52.00 to $56.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Citigroup increased their target price on shares of MGM Resorts International from $48.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Finally, JMP Securities restated a "market outperform" rating and set a $50.00 target price on shares of MGM Resorts International in a report on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat, MGM Resorts International currently has an average rating of "Moderate Buy" and an average 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.