MGM Resorts International (NYSE:MGM) Shares Bought by Aviva PLC

Aviva PLC increased its position in shares of MGM Resorts International (NYSE:MGM) by 1,243.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 137,912 shares of the company’s stock after acquiring an additional 127,647 shares during the quarter. Aviva PLC’s holdings in MGM Resorts International were worth $4,779,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of MGM. Stifel Financial Corp boosted its position in shares of MGM Resorts International by 13.8% during the 3rd quarter. Stifel Financial Corp now owns 169,829 shares of the company’s stock valued at $6,639,000 after acquiring an additional 20,542 shares during the last quarter. National Bank of Canada FI boosted its position in shares of MGM Resorts International by 67.1% during the 3rd quarter. National Bank of Canada FI now owns 120,664 shares of the company’s stock valued at $4,717,000 after acquiring an additional 48,443 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of MGM Resorts International during the 3rd quarter valued at about $641,000. Sanctuary Advisors LLC boosted its position in shares of MGM Resorts International by 60.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 51,687 shares of the company’s stock valued at $1,954,000 after acquiring an additional 19,444 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in MGM Resorts International in the 3rd quarter valued at about $55,000. Institutional investors and hedge funds own 68.11% of the company’s stock.

MGM Resorts International Stock Up 16.2 %

Shares of NYSE:MGM opened at $29.98 on Thursday. The company has a market capitalization of $8.48 billion, a PE ratio of 12.49, a P/E/G ratio of 0.98 and a beta of 1.96. The company has a current ratio of 1.30, a quick ratio of 1.26 and a debt-to-equity ratio of 1.73. MGM Resorts International has a twelve month low of $25.30 and a twelve month high of $47.26. The firm has a 50 day simple moving average of $32.85 and a 200-day simple moving average of $35.36.

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MGM. Citigroup boosted their price objective on shares of MGM Resorts International from $48.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Needham & Company LLC restated a “buy” rating on shares of MGM Resorts International in a report on Thursday, February 13th. Truist Financial lowered their price objective on shares of MGM Resorts International from $54.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Argus raised MGM Resorts International from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Friday, February 14th. Finally, Macquarie restated an “outperform” rating and set a $50.00 target price on shares of MGM Resorts International in a research note on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.29.

Insider Activity at MGM Resorts International

In other MGM Resorts International news, CFO Jonathan S. Halkyard purchased 10,000 shares of MGM Resorts International stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average price of $32.17 per share, for a total transaction of $321,700.00. Following the transaction, the chief financial officer now directly owns 75,648 shares in the company, valued at $2,433,596.16. This trade represents a 15.23 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Todd Meinert sold 6,000 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $37.84, for a total transaction of $227,040.00. Following the completion of the sale, the chief accounting officer now owns 18,301 shares of the company’s stock, valued at approximately $692,509.84. This trade represents a 24.69 % decrease in their position. The disclosure for this sale can be found here. 2.83% of the stock is owned by insiders.

MGM Resorts International Company 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.