MGM Resorts International (NYSE:MGM) Stock Holdings Lessened by Vontobel Holding Ltd.

Vontobel Holding Ltd. trimmed its holdings in MGM Resorts International (NYSE:MGM - Free Report) by 38.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 12,474 shares of the company's stock after selling 7,952 shares during the period. Vontobel Holding Ltd.'s holdings in MGM Resorts International were worth $432,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fisher Asset Management LLC increased its stake in shares of 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 acquiring an additional 90,645 shares during the period. Goldentree Asset Management LP increased its stake 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 during the period. HG Vora Capital Management LLC acquired a new position in shares of MGM Resorts International during the third quarter worth about $97,725,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of 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 acquiring an additional 123,124 shares during the period. Finally, FMR LLC increased its stake in shares of MGM Resorts International by 5.0% during the third quarter. FMR LLC now owns 1,681,699 shares of the company's stock worth $65,738,000 after acquiring an additional 79,486 shares during the period. 68.11% of the stock is owned by hedge funds and other institutional investors.

MGM Resorts International Trading Down 6.0 %

Shares of MGM stock traded down $2.28 during mid-day trading on Friday, reaching $36.02. The company's stock had a trading volume of 5,167,674 shares, compared to its average volume of 5,180,714. The company's 50 day simple moving average is $34.54 and its 200-day simple moving average is $36.79. MGM Resorts International has a 12-month low of $31.61 and a 12-month high of $48.24. The company has a quick ratio of 1.26, a current ratio of 1.30 and a debt-to-equity ratio of 1.73. The firm has a market capitalization of $10.28 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 0.98 and a beta of 2.20.

MGM Resorts International (NYSE:MGM - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.08. MGM Resorts International had a net margin of 4.33% and a return on equity of 21.08%. On average, research analysts predict that MGM Resorts International will post 2.21 EPS for the current fiscal year.

Insider Activity at MGM Resorts International

In other MGM Resorts International news, Director Keith A. Meister sold 51,000 shares of the firm's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $36.57, for a total transaction of $1,865,070.00. Following the completion of the transaction, the director now directly owns 5,687,478 shares of the company's stock, valued at $207,991,070.46. This trade represents a 0.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Todd Meinert sold 6,000 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $37.84, for a total transaction of $227,040.00. Following the transaction, the chief accounting officer now directly owns 18,301 shares of the company's stock, valued at approximately $692,509.84. This represents a 24.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.13% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on MGM shares. Capital One Financial upped their target price on shares of MGM Resorts International from $52.00 to $56.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Macquarie restated an "outperform" rating and set a $50.00 target price on shares of MGM Resorts International in a research report on Thursday, February 13th. Jefferies Financial Group lowered their target price on shares of MGM Resorts International from $52.00 to $50.00 and set a "buy" rating on the stock in a research report on Friday, January 3rd. Stifel Nicolaus increased their price target on shares of MGM Resorts International from $47.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Finally, Truist Financial lowered their price target on shares of MGM Resorts International from $54.00 to $50.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $51.47.

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.