Daniel Taylor Sells 6,675 Shares of MGM Resorts International (NYSE:MGM) Stock

MGM Resorts International (NYSE:MGM) Director Daniel Taylor sold 6,675 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $38.44, for a total value of $256,587.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

MGM Resorts International Trading Up 9.1%

Shares of MGM stock opened at $41.96 on Thursday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.30 and a current ratio of 1.33. MGM Resorts International has a fifty-two week low of $29.18 and a fifty-two week high of $42.71. The company has a market cap of $10.74 billion, a PE ratio of 58.28 and a beta of 1.28. The stock’s fifty day moving average price is $37.75 and its two-hundred day moving average price is $36.12.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Whittier Trust Co. raised its position in shares of MGM Resorts International by 2.5% in the 1st quarter. Whittier Trust Co. now owns 10,778 shares of the company’s stock worth $405,000 after acquiring an additional 262 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of MGM Resorts International by 55.9% in the 4th quarter. Global Retirement Partners LLC now owns 784 shares of the company’s stock worth $29,000 after acquiring an additional 281 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of MGM Resorts International by 4.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 7,700 shares of the company’s stock worth $286,000 after acquiring an additional 313 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of MGM Resorts International by 0.8% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 39,763 shares of the company’s stock worth $1,378,000 after acquiring an additional 328 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its position in shares of MGM Resorts International by 23.1% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,893 shares of the company’s stock worth $69,000 after acquiring an additional 355 shares in the last quarter. 68.11% of the stock is owned by institutional investors.

MGM Resorts International News Summary

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

• Positive Sentiment: JPMorgan upgraded MGM Resorts International to Overweight and cited improving leisure travel demand, stabilizing Las Vegas room rates, and attractive valuation. JPMorgan upgrades MGM Resorts, sees 20% upside on rebounding Las Vegas demand
• Positive Sentiment: Truist upgraded MGM from Hold to Buy and lifted its price target to $55, signaling significant upside if the Las Vegas recovery continues. Truist upgrades MGM Resorts International to Buy
• Positive Sentiment: Multiple reports highlighted that MGM is benefiting from expectations of a Las Vegas comeback, with investors betting that visitor traffic and consumer spending on the Strip are improving. MGM Stock Receives Two Upgrades. Can the Stock Close At Its Highest Level Since 2024?
• Positive Sentiment: Falling crude oil prices gave leisure and consumer discretionary stocks a broader tailwind, adding to the move in MGM shares. Why Are MGM Resorts (MGM) Shares Soaring Today
• Neutral Sentiment: Recent insider selling by a director may draw some attention, but it appears minor relative to the stronger analyst-driven catalyst. MGM Resorts International Director Sells $256,587.00 in Stock

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MGM shares. Susquehanna cut their price objective on MGM Resorts International from $46.00 to $45.00 and set a “positive” rating on the stock in a report on Friday, February 6th. Wells Fargo & Company raised their price objective on MGM Resorts International from $30.00 to $33.00 and gave the company an “underweight” rating in a report on Thursday, April 30th. Jefferies Financial Group downgraded MGM Resorts International from a “buy” rating to a “hold” rating and cut their price objective for the company from $50.00 to $44.00 in a report on Friday, May 1st. KeyCorp raised MGM Resorts International from a “sector weight” rating to an “overweight” rating and set a $117.00 price objective on the stock in a report on Monday, April 27th. Finally, Barclays raised their price objective on MGM Resorts International from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus 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.