The MGM Resorts International (MGM) Director Sells $215782.20 in Stock

Mae Love
March 19, 2018

Mgm Resorts International now has $19.68B valuation. Its 52-week high and low range is between $0.897 and $0.1. The company is scheduled to report its next quarterly earnings results on Thursday, April 26th. Victory Capital Management Inc. increased its position in shares of MGM Resorts International by 1,016.1% during the 3rd quarter. It has underperformed by 16.70% the S&P500.The move comes after 6 months positive chart setup for the $560.66 million company. Panagora Asset Mngmt owns 0% invested in MGM Resorts International (NYSE:MGM) for 16,794 shares. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.04. MGM Resorts had 60 analyst reports since August 5, 2015 according to SRatingsIntel.

According to 17 analysts, the Average Revenue Estimate for the current Fiscal quarter is $7.29 Billion and the Low Revenue estimate is $6.74 Billion, while the High Revenue estimate is $7.65 Billion. That activity is comparable to their recent volume average trend of almost 1.33 million shares which they recorded over a period of three months. During the same period a year ago, the firm posted $0.11 EPS.

MGM Resorts International, formerly known as MGM MIRAGE, is a global hospitality company, operating a portfolio of destination resort brands, including Bellagio, MGM Grand, Mandalay Bay and The Mirage. Natl Pension reported 0.09% in MGM Resorts International (NYSE:MGM). They set a "buy" rating and a $43.00 price objective on the stock. Barclays raised their price target on MGM Resorts International from $37.00 to $40.00 and gave the company an "overweight" rating in a report on Friday, February 23rd. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a $44.00 target price (up from $41.00) on shares of MGM Resorts International in a research report on Tuesday, January 9th. Goldman Sachs maintained the shares of MGM in report on Wednesday, April 5 with "Buy" rating. Stifel Nicolaus maintained MGM Resorts International (NYSE:MGM) rating on Tuesday, November 8. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. The company now has a consensus rating of "Buy" and a consensus target price of $37.94.

Shares of MGM Resorts International (NYSE:MGM) traded up $0.11 during trading on Wednesday, hitting $34.86. 950,516 shares of the stock were exchanged, compared to its average volume of 8,325,308. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 1.09. MGM Resorts International has a fifty-two week low of $25.15 and a fifty-two week high of $38.41. Blue Ridge Capital Llc sold 43,800 shares as the company's stock rose 17.48% with the market. Stockholders of record on Friday, March 9th will be paid a $0.12 dividend. Ny State Common Retirement Fund reported 0.06% in MGM Resorts International (NYSE:MGM). The ex-dividend date is Thursday, March 8th. Its down 0.58, from 1.53 in 2017Q2. MGM Resorts International's dividend payout ratio is 47.31%. Also, CFO Daniel D'arrigo sold 36,366 shares of the business's stock in a transaction that occurred on Friday, February 23rd. Toscafund Asset Management Llp sold 675,000 shares as the company's stock declined 6.00% while stock markets rallied. Following the sale, the director now owns 27,081 shares of the company's stock, valued at approximately $933,482.07.

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MGM Resorts International (NYSE:MGM) Director William A. Bible sold 6,260 shares of the firm's stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $34.78, for a total value of $1,264,809.48. The disclosure for this sale can be found here. Knott David M acquired 5,000 shares as The Howard Hughes Corporation (HHC)'s stock rose 10.78%. Institutional investors own 81.98% of the company's stock. Concourse Capital Management LLC boosted its position in shares of MGM Resorts International by 0.7% in the 3rd quarter.

According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 2.2 out of the scale from 1 to 5 where 1 stands for Strong Buy and 5 means Strong Sell. Stifel Nicolaus restated a "hold" rating and issued a $36.00 price target (up previously from $33.00) on shares of MGM Resorts International in a report on Thursday, November 9th. Concourse Capital Management LLC now owns 294,434 shares of the company's stock worth $9,596,000 after buying an additional 2,018 shares in the last quarter. Janus Henderson Group PLC now owns 1,106,856 shares of the company's stock worth $34,634,000 after purchasing an additional 1,053,597 shares during the last quarter. $553,133 worth of MGM Resorts International (NYSE:MGM) was sold by SANDERS COREY IAN. Finally, Bank of New York Mellon Corp increased its holdings in shares of MGM Resorts International by 70.3% in the third quarter. Bank of New York Mellon Corp now owns 3,199,526 shares of the company's stock worth $104,272,000 after purchasing an additional 1,320,446 shares in the last quarter.

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