2,792 Shares in MGM Resorts International (NYSE:MGM) Purchased by Mather Group LLC.

Mather Group LLC. acquired a new position in shares of MGM Resorts International (NYSE:MGM) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,792 shares of the company’s stock, valued at approximately $125,000.

Other institutional investors have also added to or reduced their stakes in the company. CVA Family Office LLC purchased a new stake in MGM Resorts International during the 4th quarter worth about $28,000. Sunbelt Securities Inc. raised its holdings in shares of MGM Resorts International by 510.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,196 shares of the company’s stock valued at $44,000 after acquiring an additional 1,000 shares in the last quarter. Accent Capital Management LLC purchased a new stake in shares of MGM Resorts International in the 4th quarter valued at about $45,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of MGM Resorts International by 49.7% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,105 shares of the company’s stock valued at $49,000 after acquiring an additional 367 shares in the last quarter. Finally, Sandy Spring Bank raised its holdings in shares of MGM Resorts International by 33.7% in the 4th quarter. Sandy Spring Bank now owns 1,143 shares of the company’s stock valued at $51,000 after acquiring an additional 288 shares in the last quarter. Hedge funds and other institutional investors own 68.11% of the company’s stock.

Analyst Ratings Changes

MGM has been the topic of several recent analyst reports. Barclays raised their price target on MGM Resorts International from $55.00 to $56.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Morgan Stanley raised their price target on MGM Resorts International from $45.00 to $46.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Susquehanna upgraded MGM Resorts International from a “neutral” rating to a “positive” rating and increased their price objective for the company from $46.00 to $54.00 in a research report on Thursday, May 2nd. StockNews.com lowered MGM Resorts International from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. Finally, Mizuho increased their price objective on MGM Resorts International from $61.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $54.83.

MGM Resorts International Price Performance

MGM opened at $41.70 on Friday. The stock’s 50 day simple moving average is $40.83 and its 200 day simple moving average is $42.81. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.51 and a quick ratio of 1.46. MGM Resorts International has a 1 year low of $34.12 and a 1 year high of $51.35. The firm has a market cap of $13.08 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 0.88 and a beta of 2.24.

MGM Resorts International (NYSE:MGM) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.18. MGM Resorts International had a return on equity of 23.62% and a net margin of 5.35%. The business had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.24 billion. During the same period last year, the company earned $0.44 EPS. MGM Resorts International’s revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, analysts predict that MGM Resorts International will post 2.9 earnings per share for the current year.

Insiders Place Their Bets

In other MGM Resorts International news, Director Keith A. Meister sold 139,300 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $40.44, for a total value of $5,633,292.00. Following the completion of the sale, the director now owns 5,859,478 shares in the company, valued at approximately $236,957,290.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other MGM Resorts International news, Director Keith A. Meister sold 139,300 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $40.44, for a total value of $5,633,292.00. Following the completion of the sale, the director now owns 5,859,478 shares in the company, valued at approximately $236,957,290.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Alexis Herman sold 4,344 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $41.50, for a total value of $180,276.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 147,988 shares of company stock worth $5,991,759. 2.13% of the stock is currently owned by company insiders.

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.