B. Riley Wealth Advisors Inc. Has $236,000 Stock Position in MGM Resorts International (NYSE:MGM)

B. Riley Wealth Advisors Inc. lowered its stake in MGM Resorts International (NYSE:MGM) by 11.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,285 shares of the company’s stock after selling 670 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in MGM Resorts International were worth $236,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Alamar Capital Management LLC acquired a new stake in MGM Resorts International in the fourth quarter valued at approximately $2,685,000. Fisher Asset Management LLC lifted its holdings in shares of MGM Resorts International by 5.2% during the fourth quarter. Fisher Asset Management LLC now owns 4,357,344 shares of the company’s stock worth $194,686,000 after purchasing an additional 213,528 shares during the period. Vima LLC acquired a new position in shares of MGM Resorts International during the fourth quarter worth $273,000. Lazari Capital Management Inc. acquired a new position in shares of MGM Resorts International during the fourth quarter worth $237,000. Finally, Centaurus Financial Inc. acquired a new position in shares of MGM Resorts International during the fourth quarter worth $111,000. Institutional investors and hedge funds own 68.11% of the company’s stock.

MGM Resorts International Stock Up 2.2 %

MGM opened at $43.37 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.51 and a debt-to-equity ratio of 1.56. The stock has a market cap of $13.60 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 0.91 and a beta of 2.24. MGM Resorts International has a twelve month low of $34.12 and a twelve month high of $51.35. The company’s 50-day moving average price is $40.83 and its two-hundred day moving average price is $42.89.

MGM Resorts International (NYSE:MGM) last released its earnings results on Wednesday, May 1st. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.18. The firm had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.24 billion. MGM Resorts International had a net margin of 5.35% and a return on equity of 23.62%. The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.44 earnings per share. As a group, equities analysts expect that MGM Resorts International will post 2.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of MGM Resorts International from a “buy” rating to a “hold” rating in a report on Friday, May 10th. Susquehanna raised shares of MGM Resorts International from a “neutral” rating to a “positive” rating and lifted their price target for the company from $46.00 to $54.00 in a research note on Thursday, May 2nd. JMP Securities boosted their target price on shares of MGM Resorts International from $57.00 to $58.00 and gave the stock a “market outperform” rating in a research report on Monday, May 6th. Mizuho boosted their target price on shares of MGM Resorts International from $61.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Finally, Morgan Stanley boosted their target price on shares of MGM Resorts International from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $54.83.

Insider Buying and Selling at MGM Resorts International

In other MGM Resorts International news, Director Alexis Herman sold 4,344 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $41.50, for a total value of $180,276.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Alexis Herman sold 4,344 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $41.50, for a total transaction of $180,276.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Keith A. Meister sold 139,300 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $40.44, for a total transaction of $5,633,292.00. Following the sale, the director now owns 5,859,478 shares in the company, valued at $236,957,290.32. The disclosure for this sale can be found here. Insiders have sold a total of 147,988 shares of company stock worth $5,991,759 over the last three months. 2.83% of the stock is currently owned by insiders.

MGM Resorts International 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.