Assenagon Asset Management S.A. Acquires 361,474 Shares of MGM Resorts International $MGM

Assenagon Asset Management S.A. raised its stake in shares of MGM Resorts International (NYSE:MGM) by 102.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 713,772 shares of the company’s stock after purchasing an additional 361,474 shares during the quarter. Assenagon Asset Management S.A. owned 0.26% of MGM Resorts International worth $26,046,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Davis Selected Advisers raised its holdings in shares of MGM Resorts International by 0.6% in the 3rd quarter. Davis Selected Advisers now owns 23,953,452 shares of the company’s stock worth $830,227,000 after buying an additional 132,343 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of MGM Resorts International by 1.5% during the third quarter. Vanguard Group Inc. now owns 23,576,877 shares of the company’s stock valued at $817,175,000 after acquiring an additional 340,629 shares during the period. AQR Capital Management LLC lifted its holdings in shares of MGM Resorts International by 202.5% during 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 during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of MGM Resorts International by 81.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 7,642,060 shares of the company’s stock valued at $264,874,000 after purchasing an additional 3,429,946 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of MGM Resorts International by 3.4% in the 3rd quarter. Invesco Ltd. now owns 5,940,465 shares of the company’s stock valued at $205,897,000 after purchasing an additional 194,114 shares in the last quarter. 68.11% of the stock is currently owned by institutional investors.

MGM Resorts International News Summary

Here are the key news stories impacting MGM Resorts International this week:

• Positive Sentiment: IAC Inc. (a >10% holder) purchased a total of 1,000,000 MGM shares across two disclosed transactions (550,000 on Mar. 23 at ~$37.30 and 450,000 on Mar. 24 at ~$37.13), increasing its stake to ~66.8M shares — a roughly $37.2M incremental buy. Large insider accumulation often supports the stock and reduces near-term downside risk. SEC Filing
• Positive Sentiment: MGM launched an all‑inclusive bundle at Luxor and Excalibur (hotel + resort fee + dining + entertainment + parking) aimed at spring/summer leisure demand; priced from $330+tax for two nights. This product can boost bookings, simplify pricing for consumers and lift ancillary revenue if adopted at scale. PR Newswire
• Positive Sentiment: MGM Collection with Marriott Bonvoy rolled out a “Best of Both Worlds” moments series, extending loyalty reach and cross‑selling opportunities to Marriott’s large customer base — potentially improving occupancy and higher‑value guest flows. Breaking Travel News
• Neutral Sentiment: MGM’s foundation activity supporting employee programs was reported — positive for ESG and retention but unlikely to move near‑term financials materially. Westfair
• Neutral Sentiment: Coverage notes a legislative topic (a prior bill on sports‑prediction contracts) that historically has moved sportsbook valuations; it’s a background regulatory item investors should monitor but the cited piece is older and not an immediate catalyst. Covers
• Negative Sentiment: Industry commentary highlights new entrants (e.g., ZunaBet) and “next‑generation” wagering experiences that may capture segments BetMGM hasn’t fully addressed — a reminder of competitive pressure in digital gaming that could weigh on BetMGM market share and longer‑term online growth. Blockonomi

MGM Resorts International Trading Up 1.0%

MGM opened at $37.48 on Thursday. The company has a current ratio of 1.23, a quick ratio of 1.20 and a debt-to-equity ratio of 1.91. The stock has a market capitalization of $9.59 billion, a PE ratio of 49.98 and a beta of 1.38. MGM Resorts International has a 1-year low of $25.30 and a 1-year high of $40.16. The firm has a 50-day moving average price of $35.58 and a two-hundred day moving average price of $34.80.

MGM Resorts International (NYSE:MGM) last announced its earnings results on Wednesday, February 4th. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.96. MGM Resorts International had a net margin of 1.17% and a return on equity of 26.04%. The company had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same period in the prior year, the business earned $0.45 earnings per share. As a group, equities analysts anticipate that MGM Resorts International will post 2.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MGM shares. Zacks Research upgraded shares of MGM Resorts International from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Wells Fargo & Company boosted their price target on shares of MGM Resorts International from $29.00 to $31.00 and gave the company an “underweight” rating in a research report on Friday, January 16th. Texas Capital raised shares of MGM Resorts International to a “strong-buy” rating in a research note on Thursday, January 8th. Barclays set a $37.00 price objective on shares of MGM Resorts International in a report on Friday, February 6th. Finally, Susquehanna cut their target price on shares of MGM Resorts International from $46.00 to $45.00 and set a “positive” rating for the company in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $41.94.

Insider Activity at MGM Resorts International

In other news, major shareholder Iac Inc. acquired 550,000 shares of the firm’s stock in a transaction on Monday, March 23rd. The shares were purchased at an average cost of $37.30 per share, for a total transaction of $20,515,000.00. Following the transaction, the insider owned 66,372,350 shares of the company’s stock, valued at approximately $2,475,688,655. This represents a 0.84% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Keith A. Meister sold 37,500 shares of MGM Resorts International stock in a transaction on Monday, March 9th. The shares were 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 directly owned 5,347,978 shares of the company’s stock, valued at $183,275,206.06. This trade represents a 0.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 3.06% of the company’s stock.

MGM Resorts International 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.