Robeco Institutional Asset Management B.V. Boosts Stock Holdings in MGM Resorts International (NYSE:MGM)

Robeco Institutional Asset Management B.V. grew its stake in shares of MGM Resorts International (NYSE:MGM - Free Report) by 58.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 163,120 shares of the company's stock after buying an additional 60,377 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.05% of MGM Resorts International worth $6,376,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of MGM. International Assets Investment Management LLC acquired a new position in MGM Resorts International during the 2nd quarter worth approximately $28,000. Eastern Bank acquired a new stake in MGM Resorts International in the 3rd quarter valued at $35,000. EverSource Wealth Advisors LLC lifted its position in MGM Resorts International by 60.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 871 shares of the company's stock worth $41,000 after buying an additional 329 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of MGM Resorts International by 33.3% in the 2nd quarter. UMB Bank n.a. now owns 949 shares of the company's stock valued at $42,000 after acquiring an additional 237 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of MGM Resorts International in the second quarter valued at about $49,000. 68.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at MGM Resorts International

In other MGM Resorts International news, Director Keith A. Meister sold 121,000 shares of MGM Resorts International stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $36.72, for a total transaction of $4,443,120.00. Following the completion of the sale, the director now owns 5,738,478 shares of the company's stock, valued at $210,716,912.16. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.83% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on MGM shares. Stifel Nicolaus increased their price target on shares of MGM Resorts International from $60.00 to $63.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Macquarie dropped their target price on shares of MGM Resorts International from $58.00 to $55.00 and set an "outperform" rating for the company in a research report on Friday, August 2nd. Morgan Stanley lifted their price target on MGM Resorts International from $43.00 to $44.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 22nd. Truist Financial dropped their price objective on shares of 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. Finally, Mizuho decreased their price objective 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. 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 an average rating of "Moderate Buy" and an average price target of $53.15.

MGM Resorts International Stock Performance

NYSE MGM traded down $1.07 on Friday, hitting $36.60. 2,748,972 shares of the stock traded hands, compared to its average volume of 4,109,712. 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 business's fifty day moving average is $38.36 and its two-hundred day moving average is $40.02. MGM Resorts International has a 12 month low of $33.44 and a 12 month high of $48.24. The firm has a market capitalization of $10.90 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 2.60 and a beta of 2.23.

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

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.