Weiss Asset Management LP Decreases Holdings in MGM Resorts International $MGM

Posted by George Bondi on Jul 29th, 2026

Weiss Asset Management LP lowered its position in MGM Resorts International (NYSE:MGM – Free Report) by 50.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,200 shares of the company’s stock after selling 13,284 shares during the period. Weiss Asset Management LP’s holdings in MGM Resorts International were worth $489,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC increased its stake in MGM Resorts International by 202.5% in the 3rd quarter. AQR Capital Management LLC now owns 8,446,982 shares of the company’s stock valued at $292,772,000 after purchasing an additional 5,654,757 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in MGM Resorts International by 81.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 7,642,060 shares of the company’s stock worth $264,874,000 after purchasing an additional 3,429,946 shares in the last quarter. Davis Selected Advisers boosted its position in MGM Resorts International by 12.0% during the fourth quarter. Davis Selected Advisers now owns 26,820,202 shares of the company’s stock worth $978,669,000 after purchasing an additional 2,866,750 shares in the last quarter. Norges Bank acquired a new stake in MGM Resorts International in the fourth quarter valued at $82,348,000. Finally, Samlyn Capital LLC purchased a new position in shares of MGM Resorts International in the third quarter valued at $62,787,000. 68.11% of the stock is owned by hedge funds and other institutional investors.

MGM Resorts International Stock Down 0.1%

MGM opened at $46.27 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 1.93. The firm has a market cap of $11.84 billion, a P/E ratio of 64.27 and a beta of 1.29. MGM Resorts International has a 52 week low of $29.18 and a 52 week high of $51.59. The business’s fifty day simple moving average is $46.00 and its 200 day simple moving average is $39.80.

MGM Resorts International (NYSE:MGM – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.07). The company had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.37 billion. MGM Resorts International had a return on equity of 24.43% and a net margin of 1.03%.The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.69 EPS. As a group, equities research analysts anticipate that MGM Resorts International will post 1.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Mizuho decreased their price objective on shares of MGM Resorts International from $62.00 to $59.00 and set an “outperform” rating on the stock in a research report on Monday, April 27th. UBS Group set a $48.00 target price on shares of MGM Resorts International in a report on Thursday, July 2nd. Morgan Stanley restated an “underweight” rating on shares of MGM Resorts International in a research report on Wednesday, July 22nd. Citigroup upped their price target on shares of MGM Resorts International from $40.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, July 2nd. Finally, Barclays raised their price objective 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. One 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $52.31.

Read Our Latest Analysis on MGM

Insider Activity

In other MGM Resorts International news, Director Daniel J. Taylor sold 6,675 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $38.44, for a total transaction of $256,587.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.38% of the stock is owned by corporate insiders.

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.