MGM Resorts International (NYSE:MGM) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP decreased its position in MGM Resorts International (NYSE:MGM) by 75.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 29,210 shares of the company’s stock after selling 89,471 shares during the period. Aigen Investment Management LP’s holdings in MGM Resorts International were worth $1,012,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. MidAtlantic Capital Management Inc. acquired a new position in shares of MGM Resorts International in the 3rd quarter worth approximately $28,000. Global Trust Asset Management LLC bought a new stake in shares of MGM Resorts International in the 4th quarter worth approximately $28,000. Assetmark Inc. lifted its holdings in shares of MGM Resorts International by 104.1% in the 4th quarter. Assetmark Inc. now owns 806 shares of the company’s stock worth $28,000 after purchasing an additional 411 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of MGM Resorts International by 47.8% in the 4th quarter. Global Retirement Partners LLC now owns 1,250 shares of the company’s stock worth $43,000 after purchasing an additional 404 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of MGM Resorts International in the 3rd quarter worth approximately $44,000. Institutional investors and hedge funds own 68.11% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Capital One Financial raised their price target on MGM Resorts International from $52.00 to $56.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Mizuho raised their price target on MGM Resorts International from $56.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. BTIG Research downgraded MGM Resorts International from a “buy” rating to a “neutral” rating in a report on Monday, February 3rd. Barclays reaffirmed an “equal weight” rating on shares of MGM Resorts International in a research note on Thursday, February 13th. Finally, JMP Securities reiterated a “market outperform” rating and set a $50.00 price target on shares of MGM Resorts International in a research report on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, MGM Resorts International currently has an average rating of “Moderate Buy” and an average target price of $51.29.

MGM Resorts International Trading Up 0.7 %

Shares of MGM Resorts International stock opened at $32.84 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.30 and a debt-to-equity ratio of 1.73. The firm has a market cap of $9.38 billion, a price-to-earnings ratio of 13.68, a price-to-earnings-growth ratio of 0.98 and a beta of 2.18. The business has a fifty day simple moving average of $34.56 and a 200-day simple moving average of $36.64. MGM Resorts International has a fifty-two week low of $31.60 and a fifty-two week high of $48.24.

MGM Resorts International (NYSE:MGM) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.08. MGM Resorts International had a return on equity of 21.08% and a net margin of 4.33%. On average, equities analysts forecast that MGM Resorts International will post 2.21 EPS for the current fiscal year.

Insider Transactions at MGM Resorts International

In other news, Director Keith A. Meister sold 51,000 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $36.57, for a total transaction of $1,865,070.00. Following the sale, the director now directly owns 5,687,478 shares of the company’s stock, valued at $207,991,070.46. The trade was a 0.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Todd Meinert sold 6,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $37.84, for a total value of $227,040.00. Following the sale, the chief accounting officer now directly owns 18,301 shares in the company, valued at $692,509.84. This trade represents a 24.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.83% of the stock is owned by insiders.

About MGM Resorts International

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.