Eos Management L.P. Has $1.19 Million Stock Holdings in MGM Resorts International (NYSE:MGM)

Eos Management L.P. lessened its stake in shares of MGM Resorts International (NYSE:MGM - Free Report) by 28.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,269 shares of the company's stock after selling 13,633 shares during the period. Eos Management L.P.'s holdings in MGM Resorts International were worth $1,187,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Davis Selected Advisers increased its position in MGM Resorts International by 4.6% during the fourth 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 last quarter. Fisher Asset Management LLC increased its position in MGM Resorts International by 2.0% during the third quarter. Fisher Asset Management LLC now owns 4,547,883 shares of the company's stock worth $177,777,000 after buying an additional 90,645 shares during the last quarter. Goldentree Asset Management LP increased its position in 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 buying an additional 1,390,599 shares during the last quarter. HG Vora Capital Management LLC acquired a new position in MGM Resorts International during the third quarter worth approximately $97,725,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in MGM Resorts International by 5.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,298,094 shares of the company's stock worth $89,832,000 after buying an additional 123,124 shares during the last quarter. Institutional investors own 68.11% of the company's stock.

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MGM Resorts International Trading Down 2.8 %

NYSE MGM traded down $0.87 on Thursday, reaching $30.13. The company had a trading volume of 4,508,885 shares, compared to its average volume of 5,263,325. The firm has a market cap of $8.60 billion, a price-to-earnings ratio of 12.55, a P/E/G ratio of 0.98 and a beta of 2.18. MGM Resorts International has a fifty-two week low of $29.99 and a fifty-two week high of $48.24. The business has a 50 day moving average of $34.21 and a two-hundred day moving average of $36.35. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.30 and a quick ratio of 1.26.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MGM shares. Stifel Nicolaus upped their target price on MGM Resorts International from $47.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Needham & Company LLC reaffirmed a "buy" rating on shares of MGM Resorts International in a research report on Thursday, February 13th. Barclays reaffirmed an "equal weight" rating on shares of MGM Resorts International in a research report on Thursday, February 13th. Argus raised MGM Resorts International from a "hold" rating to a "buy" rating and set a $50.00 target price on the stock in a research report on Friday, February 14th. Finally, Morgan Stanley upped their target price on MGM Resorts International from $39.00 to $41.00 and gave the company an "equal weight" rating in a research report on Monday, February 24th. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $51.29.

Insiders Place Their Bets

In other news, Director Keith A. Meister sold 51,000 shares of the firm'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 completion of the sale, the director now directly owns 5,687,478 shares in the company, valued at $207,991,070.46. This trade represents a 0.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Jonathan S. Halkyard bought 10,000 shares of MGM Resorts International stock in a transaction dated Thursday, March 6th. The stock was purchased at an average price of $32.17 per share, with a total value of $321,700.00. Following the completion of the purchase, the chief financial officer now owns 75,648 shares in the company, valued at $2,433,596.16. This trade represents a 15.23 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.13% of the company's stock.

MGM Resorts International Company 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.