14,671 Shares in MGM Resorts International $MGM Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new stake in shares of MGM Resorts International (NYSE:MGM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,671 shares of the company’s stock, valued at approximately $508,000.

A number of other hedge funds have also recently modified their holdings of the business. Corient Private Wealth LLC raised its holdings in shares of MGM Resorts International by 356.6% in the 2nd quarter. Corient Private Wealth LLC now owns 528,526 shares of the company’s stock valued at $18,176,000 after purchasing an additional 412,767 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in MGM Resorts International by 109.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 129,115 shares of the company’s stock worth $4,276,000 after buying an additional 67,542 shares during the last quarter. Vanguard Group Inc. increased its stake in MGM Resorts International by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 23,576,877 shares of the company’s stock valued at $817,175,000 after purchasing an additional 340,629 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of MGM Resorts International during the second quarter worth about $6,351,000. Finally, Savant Capital LLC lifted its stake in MGM Resorts International by 100.0% during the 3rd quarter. Savant Capital LLC now owns 62,892 shares of the company’s stock valued at $2,180,000 after acquiring an additional 31,446 shares during the period. Institutional investors own 68.11% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on MGM shares. Texas Capital raised MGM Resorts International to a “strong-buy” rating in a report on Thursday, January 8th. Capital One Financial lowered their price objective on MGM Resorts International from $47.00 to $46.00 and set an “overweight” rating on the stock in a report on Friday, December 5th. JPMorgan Chase & Co. upped their target price on shares of MGM Resorts International from $39.00 to $41.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Berenberg Bank reaffirmed a “buy” rating on shares of MGM Resorts International in a report on Wednesday, February 11th. Finally, The Goldman Sachs Group reissued a “sell” rating and set a $33.00 price objective on shares of MGM Resorts International in a research note on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $41.94.

MGM Resorts International Trading Down 1.8%

Shares of MGM stock opened at $34.99 on Wednesday. The company has a 50 day moving average price of $35.30 and a 200 day moving average price of $34.92. The stock has a market capitalization of $8.95 billion, a P/E ratio of 46.65 and a beta of 1.38. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.20 and a current ratio of 1.23. MGM Resorts International has a fifty-two week low of $25.30 and a fifty-two week high of $40.16.

MGM Resorts International (NYSE:MGM) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.96. The business had revenue of $4.61 billion during the quarter, compared to analysts’ expectations of $4.42 billion. MGM Resorts International had a return on equity of 26.04% and a net margin of 1.17%.During the same quarter last year, the business posted $0.45 EPS. Equities research analysts predict that MGM Resorts International will post 2.21 EPS for the current fiscal year.

Insider Transactions at MGM Resorts International

In other MGM Resorts International news, Director Keith A. Meister sold 37,500 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $34.27, for a total transaction 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 approximately $183,275,206.06. This trade represents a 0.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.06% of the stock is owned by company insiders.

About MGM Resorts International

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.