Y Intercept Hong Kong Ltd Has $531,000 Stock Holdings in MGM Resorts International (NYSE:MGM)

Y Intercept Hong Kong Ltd trimmed its stake in MGM Resorts International (NYSE:MGM - Free Report) by 76.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,573 shares of the company's stock after selling 43,239 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in MGM Resorts International were worth $531,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. lifted its position in shares of MGM Resorts International by 1.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 22,900 shares of the company's stock valued at $1,018,000 after buying an additional 278 shares during the last quarter. Fifth Third Bancorp lifted its holdings in MGM Resorts International by 3.6% during the 2nd quarter. Fifth Third Bancorp now owns 14,975 shares of the company's stock valued at $665,000 after purchasing an additional 525 shares during the last quarter. Lecap Asset Management Ltd. bought a new position in MGM Resorts International during the second quarter worth $447,000. &PARTNERS raised its position in shares of MGM Resorts International by 145.3% in the second quarter. &PARTNERS now owns 20,213 shares of the company's stock valued at $898,000 after purchasing an additional 11,972 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in shares of MGM Resorts International by 7.0% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 16,444 shares of the company's stock worth $731,000 after buying an additional 1,075 shares during the last quarter. Institutional investors and hedge funds own 68.11% of the company's stock.

MGM Resorts International Price Performance

NYSE MGM traded down $0.97 during trading on Monday, hitting $35.28. 5,519,861 shares of the company's stock were exchanged, compared to its average volume of 4,070,143. The company has a market cap of $10.50 billion, a PE ratio of 12.60, a P/E/G ratio of 3.16 and a beta of 2.20. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 1.63. MGM Resorts International has a fifty-two week low of $33.44 and a fifty-two week high of $48.24. The stock's 50 day moving average price is $38.25 and its two-hundred day moving average price is $39.35.

MGM Resorts International (NYSE:MGM - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.04). The firm had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.21 billion. MGM Resorts International had a net margin of 5.23% and a return on equity of 25.84%. The company's revenue was up 5.3% compared to the same quarter last year. During the same period last year, the business earned $0.64 EPS. Research analysts expect that MGM Resorts International will post 2.48 EPS for the current year.

Insider Activity

In other MGM Resorts International news, Director Keith A. Meister sold 51,000 shares of the business's stock in a transaction that occurred 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 sale, the director now directly owns 5,687,478 shares of the company's stock, valued at $207,991,070.46. The trade was a 0.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of MGM Resorts International from $57.00 to $52.00 and set a "buy" rating on the stock in a research note on Tuesday, October 1st. Morgan Stanley increased their target price on MGM Resorts International from $43.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 22nd. Barclays reduced their price target on MGM Resorts International from $50.00 to $46.00 and set an "overweight" rating for the company in a research note on Friday. JMP Securities lowered their price objective on MGM Resorts International from $54.00 to $50.00 and set a "market outperform" rating on the stock in a research report on Monday, November 25th. Finally, Mizuho dropped 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. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.54.

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.