Norges Bank Makes New $82.35 Million Investment in MGM Resorts International $MGM

Posted by Geri Gentry on Jun 6th, 2026

Norges Bank purchased a new position in shares of MGM Resorts International (NYSE:MGM – Free Report) during the fourth quarter, Holdings Channel.com reports. The fund purchased 2,256,731 shares of the company’s stock, valued at approximately $82,348,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of MGM Resorts International by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 23,576,877 shares of the company’s stock worth $817,175,000 after buying an additional 340,629 shares during the last quarter. TD Asset Management Inc lifted its position in shares of MGM Resorts International by 146.9% in the 3rd quarter. TD Asset Management Inc now owns 92,957 shares of the company’s stock worth $3,222,000 after buying an additional 55,300 shares during the last quarter. Savant Capital LLC lifted its position in MGM Resorts International by 100.0% in the 3rd quarter. Savant Capital LLC now owns 62,892 shares of the company’s stock valued at $2,180,000 after purchasing an additional 31,446 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in MGM Resorts International by 423.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 42,594 shares of the company’s stock valued at $1,476,000 after purchasing an additional 34,463 shares during the last quarter. Finally, LSV Asset Management lifted its position in MGM Resorts International by 4.3% in the 3rd quarter. LSV Asset Management now owns 2,783,800 shares of the company’s stock valued at $96,487,000 after purchasing an additional 114,400 shares during the last quarter. 68.11% of the stock is currently owned by hedge funds and other institutional investors.

More MGM Resorts International News

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

Positive Sentiment: People Incorporated, formerly IAC, reportedly proposed an $18 billion buyout of MGM Resorts, valuing the company at about $48.30 per share and sparking a sharp rally in the stock. Barry Diller’s People Makes Move To Take Casino Giant MGM Private
Positive Sentiment: UBS raised its price target on MGM Resorts to $50 from $39 while keeping a neutral rating, signaling a higher valuation floor than before. MGM Resorts price target raised by UBS
Positive Sentiment: MGM highlighted its Las Vegas summer marketing push, including events, sports watch parties, pool offerings and vacation packages, which could help support near-term visitation and revenue. MGM Resorts Sets Ultimate Summer Stage for Spectacle, Sports and Sun in Las Vegas
Neutral Sentiment: Several recent articles flagged MGM as a casino, hotel, and entertainment stock to watch, but these pieces were mostly list-style mentions rather than company-specific catalysts. Casino Stocks To Follow Today – June 2nd
Negative Sentiment: Broader investor caution around consumer discretionary stocks and rising Treasury yields could weigh on MGM, a cyclical leisure and gaming name. 3 Consumer Stocks with Warning Signs
Negative Sentiment: Higher rates have also hit rate-sensitive sectors, which can pressure sentiment across travel, hospitality, and casino stocks like MGM. Investing.com’s stocks of the week

Insider Transactions at MGM Resorts International

In related news, major shareholder Iac Inc. purchased 450,000 shares of MGM Resorts International stock in a transaction that occurred on Tuesday, March 24th. The shares were acquired at an average price of $37.13 per share, for a total transaction of $16,708,500.00. Following the transaction, the insider directly owned 66,822,350 shares in the company, valued at approximately $2,481,113,855.50. This represents a 0.68% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Keith A. Meister sold 37,500 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $34.27, for a total transaction of $1,285,125.00. Following the transaction, the director owned 5,347,978 shares in the company, valued at approximately $183,275,206.06. The trade was a 0.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.38% of the stock is owned by insiders.

MGM Resorts International Price Performance

NYSE MGM opened at $47.58 on Friday. The company has a 50 day moving average price of $39.19 and a two-hundred day moving average price of $36.79. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 1.93. MGM Resorts International has a 12-month low of $29.18 and a 12-month high of $51.59. The stock has a market capitalization of $12.17 billion, a PE ratio of 66.09 and a beta of 1.31.

MGM Resorts International (NYSE:MGM – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.07). MGM Resorts International had a return on equity of 24.43% and a net margin of 1.03%.The firm had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.37 billion. During the same quarter in the previous year, the firm posted $0.69 earnings per share. MGM Resorts International’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, equities analysts predict that MGM Resorts International will post 2.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Berenberg Bank reiterated a “buy” rating on shares of MGM Resorts International in a research report on Wednesday, February 11th. Citigroup cut their price objective on shares of MGM Resorts International from $41.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Weiss Ratings upgraded shares of MGM Resorts International from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 15th. JPMorgan Chase & Co. upgraded shares of MGM Resorts International from a “neutral” rating to an “overweight” rating and set a $46.00 price target on the stock in a research report on Wednesday, May 27th. Finally, Stifel Nicolaus dropped their price target on shares of MGM Resorts International from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $49.76.

Read Our Latest Stock Report on MGM Resorts International

MGM Resorts International Profile

(Free Report)

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.