Banco Bilbao Vizcaya Argentaria S.A. Sells 15,346 Shares of MGM Resorts International (NYSE:MGM)

Banco Bilbao Vizcaya Argentaria S.A. lessened its holdings in shares of MGM Resorts International (NYSE:MGM) by 61.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,628 shares of the company’s stock after selling 15,346 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in MGM Resorts International were worth $334,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Orvieto Partners L.P. bought a new stake in shares of MGM Resorts International during the fourth quarter worth about $2,869,000. Stifel Financial Corp increased its holdings in MGM Resorts International by 12.1% during the 4th quarter. Stifel Financial Corp now owns 190,438 shares of the company’s stock worth $6,599,000 after purchasing an additional 20,609 shares in the last quarter. State of Tennessee Department of Treasury increased its holdings in MGM Resorts International by 65.4% during the 4th quarter. State of Tennessee Department of Treasury now owns 60,099 shares of the company’s stock worth $2,082,000 after purchasing an additional 23,766 shares in the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of MGM Resorts International by 8.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,190 shares of the company’s stock valued at $111,000 after purchasing an additional 261 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of MGM Resorts International by 127.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 21,613 shares of the company’s stock valued at $749,000 after buying an additional 12,108 shares during the last quarter. Institutional investors and hedge funds own 68.11% of the company’s stock.

MGM Resorts International Stock Down 1.4 %

MGM Resorts International stock opened at $31.77 on Wednesday. The firm has a market capitalization of $8.99 billion, a price-to-earnings ratio of 13.24, a P/E/G ratio of 0.98 and a beta of 1.96. The firm has a 50 day simple moving average of $31.08 and a 200 day simple moving average of $34.46. MGM Resorts International has a 1-year low of $25.30 and a 1-year high of $47.26. 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 (NYSE:MGM) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, analysts predict that MGM Resorts International will post 2.21 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on MGM. Argus raised MGM Resorts International from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Friday, February 14th. Canaccord Genuity Group reissued a “buy” rating on shares of MGM Resorts International in a research report on Thursday, February 13th. Leerink Partners downgraded shares of MGM Resorts International to a “market perform” rating in a research report on Thursday, February 13th. Stifel Nicolaus lifted their target price on shares of MGM Resorts International from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of MGM Resorts International in a report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $50.06.

Insider Activity

In related news, CAO Todd Meinert sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $37.84, for a total value of $227,040.00. Following the transaction, the chief accounting officer now directly owns 18,301 shares in the company, valued at approximately $692,509.84. This represents a 24.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jonathan S. Halkyard bought 10,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average cost of $32.17 per share, for a total transaction of $321,700.00. Following the completion of the purchase, the chief financial officer now directly owns 75,648 shares of the company’s stock, valued at $2,433,596.16. This represents a 15.23 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.06% of the stock is owned by company insiders.

MGM Resorts International 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.