Man Group plc Buys New Stake in MGM Resorts International $MGM

Posted by Brenda Bartman on Aug 27th, 2026

Man Group plc purchased a new position in shares of MGM Resorts International (NYSE:MGM – Free Report) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 539,036 shares of the company’s stock, valued at approximately $25,771,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MGM. Whittier Trust Co. grew its holdings in shares of MGM Resorts International by 2.5% during the first quarter. Whittier Trust Co. now owns 10,778 shares of the company’s stock worth $405,000 after purchasing an additional 262 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of MGM Resorts International by 55.9% in the 4th quarter. Global Retirement Partners LLC now owns 784 shares of the company’s stock valued at $29,000 after purchasing an additional 281 shares during the last quarter. Tema ETFs LLC boosted its position in shares of MGM Resorts International by 10.6% in the 2nd quarter. Tema ETFs LLC now owns 3,016 shares of the company’s stock valued at $144,000 after purchasing an additional 290 shares during the period. Brown Brothers Harriman & Co. boosted its position in shares of MGM Resorts International by 23.1% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,893 shares of the company’s stock valued at $69,000 after purchasing an additional 355 shares during the period. Finally, Public Employees Retirement System of Ohio grew its stake in MGM Resorts International by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 64,006 shares of the company’s stock worth $2,218,000 after buying an additional 397 shares during the last quarter. 68.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. HSBC raised MGM Resorts International to a “strong-buy” rating in a research report on Thursday, July 30th. UBS Group set a $48.00 target price on shares of MGM Resorts International in a research report on Thursday, July 2nd. Truist Financial raised shares of MGM Resorts International from a “hold” rating to a “buy” rating and lifted their target price for the company from $42.00 to $55.00 in a report on Wednesday, May 27th. Stifel Nicolaus reiterated a “hold” rating and issued a $49.00 price target (up from $48.00) on shares of MGM Resorts International in a research report on Monday, June 15th. Finally, Argus increased their price target on shares of MGM Resorts International from $45.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $53.37.

Read Our Latest Stock Analysis on MGM Resorts International

MGM Resorts International Stock Up 0.2%

MGM Resorts International stock opened at $43.41 on Thursday. The stock has a 50 day moving average of $45.70 and a two-hundred day moving average of $41.24. MGM Resorts International has a twelve month low of $29.18 and a twelve month high of $51.59. The stock has a market capitalization of $10.92 billion, a price-to-earnings ratio of 26.31, a PEG ratio of 2.22 and a beta of 1.31. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 1.80.

MGM Resorts International (NYSE:MGM – Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. MGM Resorts International had a return on equity of 23.30% and a net margin of 2.40%.The business had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the previous year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, research analysts expect that MGM Resorts International will post 1.96 earnings per share for the current year.

About MGM Resorts International

(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.