MGM Resorts International (NYSE:MGM) Director Sells $256,587.00 in Stock

MGM Resorts International (NYSE:MGM) Director Daniel Taylor sold 6,675 shares of MGM Resorts International stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $38.44, for a total value of $256,587.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

MGM Resorts International Stock Up 2.3%

NYSE MGM opened at $42.90 on Friday. The business’s fifty day simple moving average is $37.87 and its 200-day simple moving average is $36.19. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 1.93. The firm has a market cap of $10.98 billion, a PE ratio of 59.58 and a beta of 1.28. MGM Resorts International has a 52 week low of $29.18 and a 52 week high of $43.20.

MGM Resorts International (NYSE:MGM) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.07). The business had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.37 billion. MGM Resorts International had a return on equity of 24.43% and a net margin of 1.03%.The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.69 earnings per share. As a group, equities analysts anticipate that MGM Resorts International will post 1.99 earnings per share for the current year.

Key Stories Impacting MGM Resorts International

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

• Positive Sentiment: JPMorgan upgraded MGM Resorts International to Overweight, saying Las Vegas demand is stabilizing and that the stock still has room to run as leisure travel trends improve.
• Positive Sentiment: Truist raised MGM Resorts International to Buy and boosted its price target, adding to investor optimism around a rebound in Strip visitation and room rates.
• Positive Sentiment: Recent commentary suggests early 2026 tourism data is improving in Las Vegas, which could support MGM’s core resort and casino business if the trend continues.
• Neutral Sentiment: Some analysts remain cautious, noting that while MGM’s other segments are growing, profitability has weakened and the tourism recovery should be viewed carefully.
• Neutral Sentiment: A director recently sold shares, but the transaction appears modest relative to the recent surge in analyst-driven buying interest.

Hedge Funds Weigh In On MGM Resorts International

Several institutional investors have recently bought and sold shares of MGM. Vanguard Group Inc. grew its holdings 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 worth $817,175,000 after acquiring an additional 340,629 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings 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 acquiring an additional 67,542 shares in the last quarter. TD Asset Management Inc grew its holdings in MGM Resorts International by 146.9% during the 3rd quarter. TD Asset Management Inc now owns 92,957 shares of the company’s stock worth $3,222,000 after acquiring an additional 55,300 shares in the last quarter. Savant Capital LLC grew its holdings in MGM Resorts International by 100.0% during the 3rd quarter. Savant Capital LLC now owns 62,892 shares of the company’s stock worth $2,180,000 after acquiring an additional 31,446 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in MGM Resorts International by 423.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 42,594 shares of the company’s stock worth $1,476,000 after acquiring an additional 34,463 shares in the last quarter. 68.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MGM. Stifel Nicolaus reduced their price target on shares of MGM Resorts International from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Barclays boosted their price target on shares of MGM Resorts International from $37.00 to $39.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Morgan Stanley boosted their price target on shares of MGM Resorts International from $34.00 to $35.00 and gave the company an “underweight” rating in a research note on Wednesday, April 8th. Berenberg Bank reissued a “buy” rating on shares of MGM Resorts International in a research note on Wednesday, February 11th. Finally, Citigroup dropped their target price on MGM Resorts International from $41.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $48.18.

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.