Sebold Capital Management Inc. Acquires New Holdings in MGM Resorts International (NYSE:MGM)

Sebold Capital Management Inc. acquired a new stake in MGM Resorts International (NYSE:MGMFree Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,629 shares of the company’s stock, valued at approximately $266,000.

A number of other institutional investors have also made changes to their positions in MGM. CVA Family Office LLC acquired a new stake in MGM Resorts International in the 4th quarter valued at approximately $28,000. Sunbelt Securities Inc. grew its holdings in MGM Resorts International by 510.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,196 shares of the company’s stock valued at $44,000 after buying an additional 1,000 shares during the last quarter. Accent Capital Management LLC acquired a new stake in MGM Resorts International in the 4th quarter valued at approximately $45,000. Massmutual Trust Co. FSB ADV grew its holdings in MGM Resorts International by 49.7% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,105 shares of the company’s stock valued at $49,000 after buying an additional 367 shares during the last quarter. Finally, Sandy Spring Bank grew its holdings in shares of MGM Resorts International by 33.7% during the 4th quarter. Sandy Spring Bank now owns 1,143 shares of the company’s stock worth $51,000 after purchasing an additional 288 shares in the last quarter. 68.11% of the stock is owned by institutional investors.

MGM Resorts International Trading Up 0.7 %

NYSE MGM traded up $0.30 on Friday, reaching $42.00. The company had a trading volume of 8,870,948 shares, compared to its average volume of 3,110,387. MGM Resorts International has a 52 week low of $34.12 and a 52 week high of $51.35. The company has a quick ratio of 1.46, a current ratio of 1.51 and a debt-to-equity ratio of 1.56. The stock has a market cap of $13.17 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 0.91 and a beta of 2.24. The stock’s 50 day moving average is $40.82 and its 200-day moving average is $42.82.

MGM Resorts International (NYSE:MGMGet Free Report) last posted its earnings results on Wednesday, May 1st. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.18. MGM Resorts International had a return on equity of 23.62% and a net margin of 5.35%. The firm had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same period in the previous year, the firm earned $0.44 earnings per share. The company’s revenue was up 13.2% on a year-over-year basis. Equities analysts predict that MGM Resorts International will post 2.9 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on MGM. Morgan Stanley lifted their price objective on MGM Resorts International from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Mizuho lifted their price objective on MGM Resorts International from $61.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Barclays lifted their price objective on MGM Resorts International from $55.00 to $56.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Susquehanna raised MGM Resorts International from a “neutral” rating to a “positive” rating and lifted their price objective for the stock from $46.00 to $54.00 in a report on Thursday, May 2nd. Finally, JMP Securities lifted their price objective on MGM Resorts International from $57.00 to $58.00 and gave the stock a “market outperform” rating in a report on Monday, May 6th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $54.83.

View Our Latest Report on MGM Resorts International

Insider Buying and Selling at MGM Resorts International

In other MGM Resorts International news, Director Alexis Herman sold 4,344 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $41.50, for a total value of $180,276.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Keith A. Meister sold 139,300 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $40.44, for a total transaction of $5,633,292.00. Following the completion of the transaction, the director now directly owns 5,859,478 shares of the company’s stock, valued at $236,957,290.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alexis Herman sold 4,344 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $41.50, for a total value of $180,276.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,988 shares of company stock valued at $5,991,759. Company insiders own 2.13% of the company’s stock.

MGM Resorts International Profile

(Free Report)

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.

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Institutional Ownership by Quarter for MGM Resorts International (NYSE:MGM)

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