MGM Resorts International (NYSE:MGM) recently ticked lower on weak volume. Additionally the company announced a dividend that was paid on Fri Sep 15, 2017.
These analysts also forecasted Growth Estimates for the Current Quarter for MGM to be -41.4%.
Par Capital Management Inc increased Red Rock Resorts Inc stake by 482,361 shares to 2.36 million valued at $55.63M in 2017Q2.
State Of New Jersey Common Pension Fund D expanded its investment by buying 400,000 shares an increase of 80.0%. Institutional ownership can eventually exceed 100 percent of float, which means that, in addition to all the available shares, institutions have also bought up all the borrowed shares from short sellers who are betting that the stock will decline. Canyon Capital Advisors LLC grew its holdings in shares of MGM Resorts International by 8.9% during the second quarter. 350 were reported by San Francisco Sentry Investment Group Inc (Ca). New acquired a new position in shares of MGM Resorts International in the second quarter valued at $206,000. The fund owned 595,706 shares of the company's stock after purchasing an additional 49,000 shares during the period. The stock of MGM Resorts International (NYSE:MGM) earned "Overweight" rating by JP Morgan on Tuesday, October 13. Looking at volatility levels, the stock observed volatility of 1.78% in last week and saw volatility 1.99% over the past one month. Stock repurchase programs are generally an indication that the company's board believes its shares are undervalued.
Many value investors look for stocks with a high percent of insider ownership, because they will act in its own self interest, as well create shareholder value in the long-term. Following the sale, the director now directly owns 11,208 shares in the company, valued at approximately $357,311.04. The disclosure for this sale can be found here. $317,052 worth of stock was sold by SELWOOD ROBERT on Thursday, May 25. Corporate insiders own 12.20% of the company's stock. The Firm operates in two divisions: domestic resorts and MGM China. Vetr downgraded MGM Resorts International (NYSE:MGM) on Monday, August 31 to "Strong-Buy" rating. Deutsche Bank maintained the shares of RICE in report on Wednesday, August 10 with "Hold" rating. Zacks Investment Research upgraded shares of MGM Resorts International from a hold rating to a buy rating and set a $26.00 target price on the stock in a research note on Tuesday, July 12th.
On October 18 the company was changed to "Hold" in a report from Stifel Nicolaus a cut from the previous "Buy" rating. That's a potential 20.74 increase relative to where MGM Resorts International (NYSE:MGM) has been trading recently. During the last 52 weeks, the (NYSE:MGM) price has been as high as $34.65 and as low as $25.15. The stock has a 50-day moving average of $31.48 and a 200-day moving average of $31.57.
The company's P/E ratio is 18.10 and market capitalization is 17.58B.
APG Asset Management N.V. lifted its position in shares of MGM Resorts International (NYSE:MGM) by 9.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission.
The average 1-year price target for MGM Resorts International (MGM) - averaging the work of different analysts - reveals a mean PT of $36.91/share. MGM Resorts International has an average rating of "Buy" and an average price target of $35.56.
In reviewing some key ratios and quant data for MGM Resorts International (NYSE:MGM), we note that the mother of all ratios (Return on Equity) stands at 0.15015 for the firm. The business had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.37 billion. On average, equities research analysts anticipate that MGM Resorts International will post $1.28 earnings per share for the current year. For the next 5 years, MGM Resorts International is expecting Growth of 7.9% per annum, whereas in the past 5 years the growth was 60.01% per annum. Developed by hedge fund manager Joel Greenblatt, the intention of the formula is to spot high quality companies that are trading at an attractive price. This buyback authorization allows the company to purchase up to 5.3% of its shares through open market purchases.
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Axiom International Investors Llc decreased Mgm Resorts International (MGM) stake by 1.68% reported in 2017Q2 SEC filing. Following the completion of the transaction, the executive vice president now owns 40,071 shares in the company, valued at C$979,335.24. Minnesota-based Us National Bank De has invested 0.01% in MGM Resorts International (NYSE:MGM). Its domestic resorts segment consists of non-gaming operations, including hotel, food and beverage, entertainment and other non-gaming amenities.
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