Cwm LLC Has $429,000 Stake in MGM Resorts International (NYSE:MGM)

Cwm LLC lifted its position in shares of MGM Resorts International (NYSE:MGM) by 8.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,984 shares of the company’s stock after purchasing an additional 854 shares during the period. Cwm LLC’s holdings in MGM Resorts International were worth $429,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Daymark Wealth Partners LLC increased its position in MGM Resorts International by 12.6% during the 3rd quarter. Daymark Wealth Partners LLC now owns 32,860 shares of the company’s stock worth $1,284,000 after buying an additional 3,688 shares during the period. Wright Investors Service Inc. acquired a new position in shares of MGM Resorts International in the third quarter valued at about $1,043,000. Quent Capital LLC increased its position in MGM Resorts International by 14.6% during the third quarter. Quent Capital LLC now owns 2,383 shares of the company’s stock worth $93,000 after acquiring an additional 304 shares during the period. SG Americas Securities LLC raised its stake in MGM Resorts International by 309.7% in the 3rd quarter. SG Americas Securities LLC now owns 96,872 shares of the company’s stock worth $3,787,000 after purchasing an additional 73,229 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in MGM Resorts International in the 2nd quarter valued at about $3,244,000. 68.11% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at MGM Resorts International

In other MGM Resorts International news, CEO William Hornbuckle purchased 58,900 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were bought at an average price of $33.73 per share, for a total transaction of $1,986,697.00. Following the completion of the acquisition, the chief executive officer now owns 377,112 shares in the company, valued at approximately $12,719,987.76. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO William Hornbuckle acquired 58,900 shares of the stock in a transaction dated Monday, August 5th. The stock was bought at an average cost of $33.73 per share, for a total transaction of $1,986,697.00. Following the completion of the transaction, the chief executive officer now directly owns 377,112 shares of the company’s stock, valued at $12,719,987.76. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jonathan S. Halkyard bought 10,000 shares of MGM Resorts International stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average price of $34.00 per share, for a total transaction of $340,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 38,299 shares of the company’s stock, valued at $1,302,166. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 216,400 shares of company stock worth $7,312,197. 2.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

MGM has been the topic of several recent research reports. UBS Group raised shares of MGM Resorts International to a “hold” rating in a report on Friday, August 23rd. Barclays dropped their price objective on MGM Resorts International from $56.00 to $54.00 and set an “overweight” rating for the company in a report on Thursday. Wells Fargo & Company reduced their target price on MGM Resorts International from $53.00 to $47.00 and set an “overweight” rating on the stock in a report on Thursday. Susquehanna boosted their price target on MGM Resorts International from $54.00 to $55.00 and gave the company a “positive” rating in a research note on Thursday, August 1st. Finally, Stifel Nicolaus increased their price objective on shares of MGM Resorts International from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $53.57.

MGM Resorts International Trading Up 1.5 %

NYSE MGM opened at $41.19 on Monday. The company has a market cap of $12.92 billion, a price-to-earnings ratio of 15.84, a price-to-earnings-growth ratio of 0.92 and a beta of 2.23. MGM Resorts International has a twelve month low of $33.44 and a twelve month high of $48.24. The company has a quick ratio of 1.42, a current ratio of 1.47 and a debt-to-equity ratio of 1.65. The business’s fifty day moving average is $38.19 and its 200 day moving average is $40.50.

MGM Resorts International (NYSE:MGM) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.20. MGM Resorts International had a return on equity of 26.36% and a net margin of 5.15%. The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same period last year, the firm posted $0.59 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. As a group, sell-side analysts expect that MGM Resorts International will post 2.55 EPS for the current fiscal year.

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.