Rep. Susie Lee Sells MGM Resorts International (NYSE:MGM) Stock

Representative Susie Lee (D-Nevada) recently sold shares of MGM Resorts International (NYSE:MGM). In a filing disclosed on April 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in MGM Resorts International stock on March 14th. The trade occurred in the Representative's "SUZANNE K LEE TRUST > FIDELITY BROKERAGE 402" account.

Representative Susie Lee also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Full House Resorts NASDAQ: FLL on 3/28/2025.
• Sold $15,001 - $50,000 in shares of Full House Resorts NASDAQ: FLL on 3/20/2025.
• Sold $1,001 - $15,000 in shares of Tennant NYSE: TNC on 3/14/2025.
• Sold $1,001 - $15,000 in shares of Wynn Resorts NASDAQ: WYNN on 3/14/2025.
• Sold $1,001 - $15,000 in shares of Sony Group NYSE: SONY on 3/14/2025.
• Sold $1,001 - $15,000 in shares of Marriott International NASDAQ: MAR on 3/14/2025.
• Sold $1,001 - $15,000 in shares of Century Casinos NASDAQ: CNTY on 3/14/2025.
• Sold $15,001 - $50,000 in shares of Starbucks NASDAQ: SBUX on 3/14/2025.
• Sold $1,001 - $15,000 in shares of Golden Entertainment NASDAQ: GDEN on 3/14/2025.
• Sold $1,001 - $15,000 in shares of Carnival Co. & NYSE: CCL on 3/14/2025.

MGM Resorts International Trading Up 1.5 %

Shares of NYSE:MGM traded up $0.43 on Friday, reaching $28.89. 4,333,562 shares of the company traded hands, compared to its average volume of 4,613,043. The stock has a market capitalization of $8.18 billion, a P/E ratio of 12.04, a price-to-earnings-growth ratio of 0.98 and a beta of 1.96. The business's 50-day simple moving average is $32.23 and its 200 day simple moving average is $35.00. 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 $25.30 and a 52 week high of $47.26.

MGM Resorts International (NYSE:MGM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.08. MGM Resorts International had a return on equity of 21.08% and a net margin of 4.33%. As a group, equities analysts anticipate that MGM Resorts International will post 2.21 EPS for the current fiscal year.

Insider Transactions at MGM Resorts International

In other news, CAO Todd Meinert sold 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $37.84, for a total value of $227,040.00. Following the transaction, the chief accounting officer now owns 18,301 shares in the company, valued at $692,509.84. This trade represents a 24.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jonathan S. Halkyard bought 10,000 shares of the stock in a transaction on Thursday, March 6th. The shares were acquired 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 $2,433,596.16. The trade was a 15.23 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.13% of the company's stock.

Analyst Ratings Changes

MGM has been the subject of a number of recent analyst reports. Argus upgraded shares of MGM Resorts International from a "hold" rating to a "buy" rating and set a $50.00 price target for the company in a report on Friday, February 14th. Susquehanna Bancshares increased their target price on shares of MGM Resorts International from $53.00 to $56.00 in a report on Wednesday, February 12th. Morgan Stanley lowered their price target on MGM Resorts International from $37.00 to $36.00 and set an "equal weight" rating for the company in a research report on Wednesday. Wells Fargo & Company raised their target price on shares of MGM Resorts International from $44.00 to $46.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Finally, BTIG Research cut shares of MGM Resorts International from a "buy" rating to a "neutral" rating in a research report on Monday, February 3rd. Six research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $50.71.

Institutional Investors Weigh In On MGM Resorts International

A number of institutional investors and hedge funds have recently modified their holdings of MGM. Stifel Financial Corp increased its holdings in shares of MGM Resorts International by 13.8% during the 3rd quarter. Stifel Financial Corp now owns 169,829 shares of the company's stock valued at $6,639,000 after purchasing an additional 20,542 shares in the last quarter. National Bank of Canada FI grew its position in MGM Resorts International by 67.1% during the third quarter. National Bank of Canada FI now owns 120,664 shares of the company's stock valued at $4,717,000 after buying an additional 48,443 shares during the period. Virtu Financial LLC purchased a new position in MGM Resorts International in the third quarter valued at $641,000. Sanctuary Advisors LLC raised its position in shares of MGM Resorts International by 60.3% in the third quarter. Sanctuary Advisors LLC now owns 51,687 shares of the company's stock worth $1,954,000 after acquiring an additional 19,444 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of MGM Resorts International during the 3rd quarter worth about $55,000. Institutional investors and hedge funds own 68.11% of the company's stock.

About Representative Lee

Susie Lee (Democratic Party) is a member of the U.S. House, representing Nevada's 3rd Congressional District. She assumed office on January 3, 2019. Her current term ends on January 3, 2027. Lee (Democratic Party) is running for re-election to the U.S. House to represent Nevada's 3rd Congressional District. She declared candidacy for the 2026 election. Susie Lee attended Carnegie Mellon University in Pittsburgh and graduated with honors, earning a master’s degree in public management. After college, she worked in Massachusetts at an environmental and economic consulting firm that specialized in water resource issues. She moved to Las Vegas, Nevada, in 1993, where she then worked as a campaign policy advisor to Las Vegas Mayor Jan Laverty Jones and founded a homeless shelter for parents and children in need. In 2010, she became the president of the board of Communities In Schools of Nevada (CIS), a program that seeks to lower high school dropout rates. Lee has served on several other boards and committees in the Las Vegas area.

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.