210,525 Shares in MGM Resorts International $MGM Bought by Mizuho Markets Cayman LP

Mizuho Markets Cayman LP acquired a new position in MGM Resorts International (NYSE:MGM) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 210,525 shares of the company’s stock, valued at approximately $7,297,000.

A number of other institutional investors have also recently bought and sold shares of the business. Corient Private Wealth LLC raised its stake in shares of MGM Resorts International by 356.6% during the 2nd quarter. Corient Private Wealth LLC now owns 528,526 shares of the company’s stock worth $18,176,000 after purchasing an additional 412,767 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in MGM Resorts International by 109.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 129,115 shares of the company’s stock valued at $4,276,000 after buying an additional 67,542 shares during the period. Vanguard Group Inc. grew its position in MGM Resorts International by 1.5% during the third quarter. Vanguard Group Inc. now owns 23,576,877 shares of the company’s stock valued at $817,175,000 after buying an additional 340,629 shares during the period. WINTON GROUP Ltd purchased a new stake in MGM Resorts International during the second quarter worth about $6,351,000. Finally, Savant Capital LLC increased its holdings in MGM Resorts International by 100.0% during the third quarter. Savant Capital LLC now owns 62,892 shares of the company’s stock worth $2,180,000 after buying an additional 31,446 shares during the last quarter. Institutional investors own 68.11% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of MGM Resorts International in a research note on Monday, December 29th. The Goldman Sachs Group restated a “sell” rating and set a $33.00 price target on shares of MGM Resorts International in a research note on Monday, December 15th. Wells Fargo & Company lifted their price target on shares of MGM Resorts International from $29.00 to $31.00 and gave the stock an “underweight” rating in a report on Friday, January 16th. Citigroup increased their price objective on MGM Resorts International from $35.00 to $41.00 and gave the company a “neutral” rating in a report on Friday, February 6th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on MGM Resorts International from $43.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $41.94.

MGM Resorts International Price Performance

MGM opened at $36.90 on Wednesday. The firm has a 50-day moving average price of $35.33 and a 200-day moving average price of $34.83. MGM Resorts International has a twelve month low of $25.30 and a twelve month high of $40.16. The company has a quick ratio of 1.20, a current ratio of 1.23 and a debt-to-equity ratio of 1.91. The company has a market capitalization of $9.44 billion, a price-to-earnings ratio of 49.20 and a beta of 1.38.

MGM Resorts International (NYSE:MGM) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.96. The company had revenue of $4.61 billion for the quarter, compared to analysts’ expectations of $4.42 billion. MGM Resorts International had a net margin of 1.17% and a return on equity of 26.04%. During the same period in the prior year, the company posted $0.45 EPS. Equities analysts expect that MGM Resorts International will post 2.21 EPS for the current year.

Insider Transactions at MGM Resorts International

In other MGM Resorts International news, Director Keith A. Meister sold 37,500 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $34.27, for a total transaction of $1,285,125.00. Following the sale, the director owned 5,347,978 shares in the company, valued at $183,275,206.06. This represents a 0.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.06% of the stock is owned by insiders.

MGM Resorts International Profile

MGM Resorts International is a leading global hospitality and entertainment company that develops, owns and operates destination resorts, hotels and casinos. Its properties feature integrated gaming floors alongside luxury accommodations, fine dining and retail outlets, live entertainment venues and convention facilities. The company also offers loyalty programs, sports betting and digital gaming experiences to enhance guest engagement and drive repeat visitation.

The company traces its heritage to the opening of the original MGM Grand Hotel & Casino on the Las Vegas Strip in 1973.