Maven Securities LTD bought a new stake in shares of MGM Resorts International (NYSE:MGM – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 15,000 shares of the company’s stock, valued at approximately $717,000.
A number of other institutional investors and hedge funds have also modified their holdings of MGM. CYBER HORNET ETFs LLC bought a new stake in MGM Resorts International in the 2nd quarter worth about $25,000. Global Retirement Partners LLC lifted its stake in MGM Resorts International by 55.9% during the 4th quarter. Global Retirement Partners LLC now owns 784 shares of the company’s stock valued at $29,000 after acquiring an additional 281 shares during the period. International Assets Investment Management LLC bought a new position in MGM Resorts International during the 1st quarter valued at about $30,000. Optiver Holding B.V. purchased a new stake in shares of MGM Resorts International during the 1st quarter valued at about $35,000. Finally, Elyxium Wealth LLC purchased a new stake in shares of MGM Resorts International during the 4th quarter valued at about $42,000. Institutional investors own 68.11% of the company’s stock.
MGM Resorts International Price Performance
MGM Resorts International stock opened at $40.74 on Wednesday. The firm has a 50-day moving average price of $44.60 and a 200-day moving average price of $41.59. MGM Resorts International has a 12-month low of $29.18 and a 12-month high of $51.59. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $10.25 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 2.11 and a beta of 1.28.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the stock. UBS Group set a $48.00 target price on shares of MGM Resorts International in a research report on Thursday, July 2nd. Argus increased their target price on shares of MGM Resorts International from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, August 17th. Weiss Ratings upgraded MGM Resorts International from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, July 30th. Susquehanna lifted their price objective on shares of MGM Resorts International from $52.00 to $53.00 and gave the company a “positive” rating in a research report on Wednesday, July 29th. Finally, Citigroup lifted their target price on MGM Resorts International from $40.00 to $48.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.37.
View Our Latest Stock Report on MGM
MGM Resorts International Company Profile
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.
Featured Articles
- Five stocks we like better than MGM Resorts International
- Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected
- Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock
- Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement
- Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
Want to see what other hedge funds are holding MGM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MGM Resorts International (NYSE:MGM – Free Report).
Receive News & Ratings for MGM Resorts International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MGM Resorts International and related companies with MarketBeat.com's FREE daily email newsletter.
