MGM Resorts International $MGM Shares Newly Purchased by Mirae Asset Global Investments Co. Ltd.

Posted by Stanley Muller on Nov 8th, 2026

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of MGM Resorts International (NYSE:MGM – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 46,191 shares of the company’s stock, valued at approximately $1,434,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Man Group plc purchased a new stake in shares of MGM Resorts International in the second quarter worth approximately $25,771,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of MGM Resorts International during the second quarter valued at approximately $22,681,000. Clough Capital Partners L P bought a new stake in MGM Resorts International during the first quarter worth $15,857,000. Legal & General Group Plc bought a new stake in MGM Resorts International during the second quarter worth $16,570,000. Finally, Jefferies Financial Group Inc. bought a new stake in MGM Resorts International during the second quarter worth $15,864,000. 68.11% of the stock is owned by institutional investors.

MGM Resorts International Price Performance

MGM opened at $32.28 on Friday. MGM Resorts International has a fifty-two week low of $26.71 and a fifty-two week high of $51.59. The firm has a 50-day moving average of $33.63 and a 200 day moving average of $38.93. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.20 and a current ratio of 1.24. The firm has a market cap of $8.17 billion, a P/E ratio of 12.27, a PEG ratio of 1.93 and a beta of 1.34.

MGM Resorts International (NYSE:MGM – Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.15). MGM Resorts International had a return on equity of 20.58% and a net margin of 3.92%. The company had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same period in the prior year, the firm posted $0.24 EPS. The business’s revenue was down .9% on a year-over-year basis. On average, research analysts expect that MGM Resorts International will post 1.62 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on MGM. Barclays lowered their price target on MGM Resorts International from $37.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, October 29th. Capital One Financial lifted their price objective on shares of MGM Resorts International from $53.00 to $57.00 and gave the stock an “overweight” rating in a report on Monday, September 21st. The Goldman Sachs Group reiterated a “sell” rating and issued a $26.00 target price on shares of MGM Resorts International in a research note on Thursday, October 29th. Morgan Stanley lowered their target price on shares of MGM Resorts International from $43.00 to $29.00 and set an “underweight” rating for the company in a report on Monday, October 19th. Finally, HSBC raised shares of MGM Resorts International to a “strong-buy” rating in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $44.29.

Check Out Our Latest Stock Report on MGM Resorts International

Insider Activity at MGM Resorts International

In other news, Director Keith Meister acquired 7,518 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were acquired at an average price of $30.24 per share, for a total transaction of $227,344.32. Following the completion of the purchase, the director owned 7,093,570 shares in the company, valued at approximately $214,509,556.80. This trade represents a 0.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.38% of the company’s stock.

About MGM Resorts International

(Free Report)

MGM Resorts International is a global hospitality and entertainment company that develops, owns and operates resorts featuring casinos, hotels, restaurants, live entertainment, meeting spaces and other leisure amenities. Its portfolio includes well-known Las Vegas properties as well as resorts in other U.S. markets.

The company also has a presence in Macau through its MGM China subsidiary, which operates integrated resorts including MGM Macau and MGM Cotai. MGM Resorts offers online sports betting and gaming through BetMGM, its digital gaming brand.

Originally known as MGM Grand Inc, the company adopted the name MGM Resorts International in 2010.