River Road Asset Management LLC Sells 19,384 Shares of MGM Resorts International (NYSE:MGM)

River Road Asset Management LLC lowered its stake in MGM Resorts International (NYSE:MGM - Free Report) by 3.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 478,294 shares of the company's stock after selling 19,384 shares during the quarter. River Road Asset Management LLC owned 0.16% of MGM Resorts International worth $18,697,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ACR Alpine Capital Research LLC bought a new stake in MGM Resorts International in the first quarter valued at approximately $3,922,000. Marshall Wace LLP raised its holdings in shares of MGM Resorts International by 174.8% during the second quarter. Marshall Wace LLP now owns 1,110,040 shares of the company's stock valued at $49,330,000 after acquiring an additional 706,159 shares in the last quarter. Maverick Capital Ltd. bought a new position in shares of MGM Resorts International during the second quarter valued at approximately $1,211,000. Texas Permanent School Fund Corp raised its holdings in shares of MGM Resorts International by 0.4% during the first quarter. Texas Permanent School Fund Corp now owns 56,487 shares of the company's stock valued at $2,667,000 after acquiring an additional 245 shares in the last quarter. Finally, Wedge Capital Management L L P NC bought a new position in shares of MGM Resorts International during the second quarter valued at approximately $3,314,000. Institutional investors own 68.11% of the company's stock.

Insider Buying and Selling at MGM Resorts International

In other MGM Resorts International news, Director Keith A. Meister sold 121,000 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $36.72, for a total value of $4,443,120.00. Following the transaction, the director now owns 5,738,478 shares of the company's stock, valued at approximately $210,716,912.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.83% of the stock is owned by corporate insiders.

MGM Resorts International Stock Performance

Shares of MGM Resorts International stock traded down $0.17 during trading on Tuesday, hitting $36.23. 4,211,905 shares of the company's stock traded hands, compared to its average volume of 4,114,485. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.24 and a quick ratio of 1.21. MGM Resorts International has a 1 year low of $33.44 and a 1 year high of $48.24. The stock has a market capitalization of $10.79 billion, a P/E ratio of 12.89, a PEG ratio of 2.60 and a beta of 2.23. The business has a 50-day simple moving average of $38.38 and a 200-day simple moving average of $40.10.

MGM Resorts International (NYSE:MGM - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.04). MGM Resorts International had a net margin of 5.23% and a return on equity of 25.84%. The business had revenue of $4.18 billion for the quarter, compared to analysts' expectations of $4.21 billion. During the same period last year, the business earned $0.64 earnings per share. The company's quarterly revenue was up 5.3% on a year-over-year basis. As a group, analysts forecast that MGM Resorts International will post 2.5 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. JMP Securities decreased their target price on MGM Resorts International from $56.00 to $54.00 and set a "market outperform" rating for the company in a report on Thursday, October 31st. Macquarie decreased their target price on MGM Resorts International from $58.00 to $55.00 and set an "outperform" rating for the company in a report on Friday, August 2nd. Mizuho decreased their target price on MGM Resorts International from $57.00 to $56.00 and set an "outperform" rating for the company in a report on Thursday, October 31st. Stifel Nicolaus increased their price objective on MGM Resorts International from $60.00 to $63.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Finally, UBS Group upgraded MGM Resorts International to a "hold" rating in a report on Friday, August 23rd. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $53.15.

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.