SummitTX Capital L.P. Buys Shares of 43,588 MGM Resorts International $MGM

SummitTX Capital L.P. acquired a new position in shares of MGM Resorts International (NYSE:MGM) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 43,588 shares of the company’s stock, valued at approximately $1,613,000.

Several other large investors have also bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in MGM Resorts International by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,652 shares of the company’s stock valued at $582,000 after acquiring an additional 951 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of MGM Resorts International by 12.1% during the 1st quarter. NewEdge Advisors LLC now owns 3,893 shares of the company’s stock worth $115,000 after buying an additional 421 shares during the period. Woodline Partners LP increased its stake in shares of MGM Resorts International by 39.1% in the 1st quarter. Woodline Partners LP now owns 18,901 shares of the company’s stock valued at $560,000 after acquiring an additional 5,312 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of MGM Resorts International by 57.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,248 shares of the company’s stock valued at $112,000 after acquiring an additional 1,182 shares in the last quarter. Finally, Jump Financial LLC lifted its position in shares of MGM Resorts International by 221.9% during the 2nd quarter. Jump Financial LLC now owns 26,782 shares of the company’s stock valued at $921,000 after acquiring an additional 18,463 shares during the period. 68.11% of the stock is owned by institutional investors.

Key MGM Resorts International News

Here are the key news stories impacting MGM Resorts International this week:

• Positive Sentiment: Second-quarter results exceeded expectations. MGM reported record consolidated revenue of approximately $4.45 billion, above the $4.42 billion consensus estimate, while EPS of $0.59 topped expectations of $0.56. Operating profit and net income also improved substantially year over year. MGM Resorts second-quarter 2026 results
• Positive Sentiment: Las Vegas operations showed renewed momentum. Revenue from MGM’s Las Vegas Strip resorts rose 3% to $2.2 billion, marking a second consecutive quarter of year-over-year growth. Regional Operations also posted an all-time best same-store quarterly revenue result, while MGM Digital revenue increased 20%. MGM Resorts profit and revenue driven by Las Vegas
• Positive Sentiment: MGM China reported record first-half revenue and maintained a 15.9% Macau market share. Continued Macau market growth supports MGM’s international casino operations and diversification. MGM China 2026 interim financial data
• Neutral Sentiment: Susquehanna raised its price target to $53 from $52 and maintained a positive rating, indicating continued analyst confidence and potential upside from recent trading levels. Susquehanna MGM price target update
• Negative Sentiment: BetMGM’s outlook was a key concern. Second-quarter net revenue increased, but adjusted EBITDA declined, and management expects full-year results toward the lower end of its forecast range. Intensifying competition from prediction-market platforms could delay BetMGM’s $500 million profit goal. BetMGM 2026 outlook
• Negative Sentiment: A law firm is investigating Barry Diller’s proposed $48.30-per-share offer for MGM. The investigation introduces deal uncertainty and could limit investor enthusiasm until the offer’s terms and strategic rationale become clearer. MGM proposed offer investigation

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on MGM shares. Barclays increased their target price on shares of MGM Resorts International from $39.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Truist Financial raised shares of MGM Resorts International from a “hold” rating to a “buy” rating and increased their price objective for the stock from $42.00 to $55.00 in a research report on Wednesday, May 27th. KeyCorp upgraded MGM Resorts International from a “sector weight” rating to an “overweight” rating and set a $117.00 target price for the company in a research note on Monday, April 27th. Citigroup upped their price target on MGM Resorts International from $40.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Finally, Weiss Ratings upgraded MGM Resorts International from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, MGM Resorts International presently has an average rating of “Hold” and a consensus target price of $52.49.

Insider Buying and Selling

In other MGM Resorts International news, Director Daniel J. Taylor sold 6,675 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $38.44, for a total value of $256,587.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.38% of the company’s stock.

MGM Resorts International Trading Down 0.8%

Shares of MGM Resorts International stock opened at $45.85 on Thursday. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 1.93. The stock has a fifty day simple moving average of $46.18 and a 200 day simple moving average of $39.87. MGM Resorts International has a 12-month low of $29.18 and a 12-month high of $51.59. The company has a market capitalization of $11.73 billion, a P/E ratio of 63.67 and a beta of 1.29.

MGM Resorts International (NYSE:MGM) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. MGM Resorts International had a net margin of 1.03% and a return on equity of 24.43%. The firm had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the previous year, the firm earned $0.79 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, sell-side analysts anticipate that MGM Resorts International will post 1.99 earnings per share for the current fiscal year.

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.