MGM Resorts International (NYSE:MGM – Get Free Report) Director Daniel J. Taylor sold 4,344 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $41.02, for a total transaction of $178,190.88. Following the completion of the sale, the director now owns 5,250 shares in the company, valued at approximately $215,355. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
MGM Resorts International Stock Performance
Shares of NYSE:MGM opened at $38.93 on Friday. The company has a market capitalization of $12.21 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 0.89 and a beta of 2.22. MGM Resorts International has a 12 month low of $34.12 and a 12 month high of $51.35. The firm’s 50-day moving average is $43.04 and its 200 day moving average is $42.73. The company has a current ratio of 1.51, a quick ratio of 1.46 and a debt-to-equity ratio of 1.56.
MGM Resorts International (NYSE:MGM – Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.56 by $0.18. The company had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.24 billion. MGM Resorts International had a net margin of 5.35% and a return on equity of 23.62%. The firm’s revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 EPS. Research analysts predict that MGM Resorts International will post 2.9 EPS for the current year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on MGM Resorts International
Hedge Funds Weigh In On MGM Resorts International
Several hedge funds have recently added to or reduced their stakes in MGM. Davis Selected Advisers bought a new position in MGM Resorts International during the 3rd quarter valued at about $361,915,000. Boston Partners boosted its position in MGM Resorts International by 1,447.6% in the 3rd quarter. Boston Partners now owns 3,980,892 shares of the company’s stock valued at $145,916,000 after buying an additional 3,723,659 shares during the period. Norges Bank purchased a new stake in MGM Resorts International in the 4th quarter valued at about $139,599,000. Qube Research & Technologies Ltd boosted its position in MGM Resorts International by 544.8% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,995,768 shares of the company’s stock valued at $73,364,000 after buying an additional 1,686,267 shares during the period. Finally, Capital World Investors boosted its position in MGM Resorts International by 17.7% in the 4th quarter. Capital World Investors now owns 6,551,310 shares of the company’s stock valued at $292,713,000 after buying an additional 984,617 shares during the period. 68.11% of the stock is currently owned by institutional investors.
About MGM Resorts International
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.
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