Stratos Wealth Partners LTD. Has $918,000 Stock Position in MGM Resorts International (NYSE:MGM)

Stratos Wealth Partners LTD. decreased its stake in MGM Resorts International (NYSE:MGM) by 25.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,555 shares of the company’s stock after selling 6,906 shares during the period. Stratos Wealth Partners LTD.’s holdings in MGM Resorts International were worth $918,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. RB Capital Management LLC increased its holdings in MGM Resorts International by 29.1% in the 1st quarter. RB Capital Management LLC now owns 7,796 shares of the company’s stock valued at $327,000 after buying an additional 1,756 shares during the period. American Century Companies Inc. increased its holdings in MGM Resorts International by 10.7% in the 1st quarter. American Century Companies Inc. now owns 24,436 shares of the company’s stock valued at $1,024,000 after buying an additional 2,368 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in MGM Resorts International by 3.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 50,398 shares of the company’s stock valued at $2,114,000 after buying an additional 1,542 shares during the period. Synovus Financial Corp increased its holdings in MGM Resorts International by 107.5% in the 1st quarter. Synovus Financial Corp now owns 12,597 shares of the company’s stock valued at $529,000 after buying an additional 6,526 shares during the period. Finally, Cibc World Market Inc. increased its holdings in MGM Resorts International by 81.6% in the 1st quarter. Cibc World Market Inc. now owns 10,980 shares of the company’s stock valued at $461,000 after buying an additional 4,934 shares during the period. Institutional investors and hedge funds own 68.11% of the company’s stock.

MGM Resorts International Stock Performance

MGM Resorts International stock opened at $44.73 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.53 and a debt-to-equity ratio of 1.46. MGM Resorts International has a 1 year low of $34.12 and a 1 year high of $51.35. The company has a market cap of $14.18 billion, a PE ratio of 14.11, a PEG ratio of 2.01 and a beta of 2.19. The company’s 50-day moving average is $44.26 and its two-hundred day moving average is $41.66.

MGM Resorts International (NYSE:MGM) last released its earnings results on Tuesday, February 13th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.39. MGM Resorts International had a net margin of 7.07% and a return on equity of 20.51%. The company had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the prior year, the company posted $0.69 EPS. The company’s revenue was up 21.8% compared to the same quarter last year. Equities analysts anticipate that MGM Resorts International will post 2.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MGM has been the topic of several analyst reports. JPMorgan Chase & Co. upped their target price on shares of MGM Resorts International from $52.00 to $54.00 and gave the stock an “overweight” rating in a report on Wednesday, February 14th. TheStreet raised shares of MGM Resorts International from a “c+” rating to a “b-” rating in a report on Tuesday, February 13th. Bank Of America (Bofa) upped their target price on shares of MGM Resorts International from $45.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Mizuho initiated coverage on shares of MGM Resorts International in a report on Tuesday, March 26th. They issued a “buy” rating and a $61.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of MGM Resorts International from $50.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $55.34.

Insider Buying and Selling at MGM Resorts International

In other MGM Resorts International news, Director Keith A. Meister sold 325,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $42.90, for a total transaction of $13,942,500.00. Following the transaction, the director now directly owns 6,098,778 shares in the company, valued at approximately $261,637,576.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.13% of the company’s stock.

MGM Resorts International Profile

MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and internationally. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.