2 weeks Ago By Defense World Staff
DoubleLine ETF Adviser LP purchased a new stake in shares of MGM Resorts International ( NYSE:MGM – Free Report ) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,938 shares of the company’s stock, valued at approximately $353,000. Several other institutional investors have also added to or reduced their stakes in MGM.
International Assets Investment Management LLC bought a new position in shares of MGM Resorts International during the second quarter valued at about $28,000. EverSource Wealth Advisors LLC lifted its holdings in MGM Resorts International by 60.7% in the 1st quarter.
EverSource Wealth Advisors LLC now owns 871 shares of the company’s stock worth $41,000 after buying an additional 329 shares during the period. UMB Bank n.a.
lifted its holdings in MGM Resorts International by 33.3% in the 2nd quarter. UMB Bank n.
a. now owns 949 shares of the company’s stock worth $42,000 after buying an additional 237 shares during the period. Accent Capital Management LLC purchased a new position in shares of MGM Resorts International during the fourth quarter valued at approximately $45,000.
Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of MGM Resorts International during the second quarter valued at approximately $49,000. Hedge funds and other institutional investors own 68.11% of the company’s stock.
Insider Buying and Selling In related news, Director Paul J. Salem bought 147,500 shares of the stock in a transaction on Monday, August 5th. The shares were acquired at an average price of $33.
80 per share, for a total transaction of $4,985,500.00. Following the purchase, the director now owns 1,702,500 shares of the company’s stock, valued at $57,544,500.
The transaction was disclosed in a document filed with the SEC, which can be accessed through this link . In other news, CEO William Hornbuckle acquired 58,900 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average price of $33.
73 per share, with a total value of $1,986,697.00. Following the completion of the acquisition, the chief executive officer now directly owns 377,112 shares of the company’s stock, valued at approximately $12,719,987.
76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink . Also, Director Paul J.
Salem acquired 147,500 shares of MGM Resorts International stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average price of $33.80 per share, with a total value of $4,985,500.
00. Following the transaction, the director now owns 1,702,500 shares of the company’s stock, valued at approximately $57,544,500. The disclosure for this purchase can be found here .
In the last ninety days, insiders acquired 216,400 shares of company stock worth $7,312,197. 2.13% of the stock is owned by corporate insiders.
Analyst Ratings Changes Get Our Latest Research Report on MGM MGM Resorts International Trading Up 3.0 % Shares of NYSE MGM opened at $38.31 on Friday.
The company has a market cap of $11.64 billion, a PE ratio of 14.73, a P/E/G ratio of 0.
68 and a beta of 2.22. The company has a debt-to-equity ratio of 1.
65, a quick ratio of 1.42 and a current ratio of 1.47.
The firm’s 50 day moving average price is $38.22 and its 200-day moving average price is $41.08.
MGM Resorts International has a 52-week low of $33.44 and a 52-week high of $48.24.
MGM Resorts International ( NYSE:MGM – Get Free Report ) last issued its earnings results on Wednesday, July 31st. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.
66 by $0.20. MGM Resorts International had a return on equity of 26.
36% and a net margin of 5.15%. The business had revenue of $4.
33 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same period last year, the business posted $0.
59 EPS. The company’s revenue was up 9.8% compared to the same quarter last year.
On average, equities research analysts expect that MGM Resorts International will post 2.63 EPS for the current fiscal year. About MGM Resorts International ( 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. Read More Five stocks we like better than MGM Resorts International What is a Secondary Public Offering? What Investors Need to Know Rocket Lab Stock Soars: Should Investors Chase the Rally? Airline Stocks – Top Airline Stocks to Buy Now KB Home Slips After Earnings: What’s Next for Homebuilders? What is a Bond Market Holiday? How to Invest and Trade Micron Stock Soars as AI Demand Fuels Big Q4 Earnings Beat Receive News & Ratings for MGM Resorts International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MGM Resorts International and related companies with MarketBeat.
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