Gabelli Funds LLC Lowers Holdings in MGM Resorts International $MGM

Posted by George Bondi on May 20th, 2026

Gabelli Funds LLC trimmed its holdings in MGM Resorts International (NYSE:MGM – Free Report) by 6.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 223,200 shares of the company’s stock after selling 15,300 shares during the period. Gabelli Funds LLC’s holdings in MGM Resorts International were worth $8,145,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Davis Selected Advisers lifted its position in shares of MGM Resorts International by 12.0% in the fourth quarter. Davis Selected Advisers now owns 26,820,202 shares of the company’s stock valued at $978,669,000 after acquiring an additional 2,866,750 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of MGM Resorts International by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 23,782,004 shares of the company’s stock valued at $867,805,000 after acquiring an additional 205,127 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of MGM Resorts International by 202.5% in the third quarter. AQR Capital Management LLC now owns 8,446,982 shares of the company’s stock valued at $292,772,000 after acquiring an additional 5,654,757 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of MGM Resorts International by 81.4% in 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 during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of MGM Resorts International by 3.4% in the third quarter. Invesco Ltd. now owns 5,940,465 shares of the company’s stock worth $205,897,000 after purchasing an additional 194,114 shares during the last quarter. 68.11% of the stock is currently owned by hedge funds and other institutional investors.

MGM Resorts International Stock Down 2.8%

Shares of NYSE:MGM opened at $36.04 on Wednesday. MGM Resorts International has a 1 year low of $29.18 and a 1 year high of $40.94. The business has a 50 day simple moving average of $37.44 and a two-hundred day simple moving average of $35.83. The firm has a market capitalization of $9.22 billion, a PE ratio of 50.05 and a beta of 1.28. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.33 and a quick ratio of 1.30.

MGM Resorts International (NYSE:MGM – Get Free Report) last announced its earnings results on Wednesday, April 29th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.07). MGM Resorts International had a net margin of 1.03% and a return on equity of 24.43%. The business had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.37 billion. During the same quarter last year, the firm earned $0.69 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities analysts predict that MGM Resorts International will post 1.99 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Berenberg Bank reaffirmed a “buy” rating on shares of MGM Resorts International in a report on Wednesday, February 11th. Mizuho reduced their target price on MGM Resorts International from $62.00 to $59.00 and set an “outperform” rating on the stock in a report on Monday, April 27th. Barclays lifted their target price on MGM Resorts International from $37.00 to $39.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Wells Fargo & Company lifted their target price on MGM Resorts International from $30.00 to $33.00 and gave the stock an “underweight” rating in a report on Thursday, April 30th. Finally, UBS Group reduced their target price on MGM Resorts International from $40.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, MGM Resorts International currently has a consensus rating of “Hold” and a consensus target price of $47.12.

Get Our Latest Analysis on MGM

Insider Buying and Selling

In related news, Director Keith A. Meister sold 37,500 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $34.27, for a total value of $1,285,125.00. Following the completion of the sale, 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Iac Inc. purchased 450,000 shares of the stock in a transaction that occurred on Tuesday, March 24th. The stock was purchased at an average price of $37.13 per share, with a total value of $16,708,500.00. Following the acquisition, the insider directly owned 66,822,350 shares of the company’s stock, valued at $2,481,113,855.50. This trade represents a 0.68% increase in their position. The SEC filing for this purchase provides additional information. 3.38% of the stock is currently owned by insiders.

MGM Resorts International Company 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.