American Capital Advisory LLC Has $1.44 Million Stock Position in MGM Resorts International (NYSE:MGM)

American Capital Advisory LLC cut its position in MGM Resorts International (NYSE:MGM) by 31.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,466 shares of the company’s stock after selling 19,260 shares during the period. MGM Resorts International accounts for approximately 0.8% of American Capital Advisory LLC’s investment portfolio, making the stock its 28th biggest holding. American Capital Advisory LLC’s holdings in MGM Resorts International were worth $1,437,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cetera Investment Advisers raised its position in shares of MGM Resorts International by 3.4% during the second quarter. Cetera Investment Advisers now owns 66,497 shares of the company’s stock worth $2,955,000 after purchasing an additional 2,174 shares during the period. Sanctuary Advisors LLC bought a new stake in MGM Resorts International during the 2nd quarter valued at $1,325,000. CWM LLC raised its holdings in MGM Resorts International by 8.4% during the third quarter. CWM LLC now owns 10,984 shares of the company’s stock worth $429,000 after buying an additional 854 shares during the last quarter. Key Colony Management LLC lifted its stake in shares of MGM Resorts International by 11.1% in the third quarter. Key Colony Management LLC now owns 883,000 shares of the company’s stock valued at $34,516,000 after buying an additional 88,000 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of MGM Resorts International by 540.5% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,607 shares of the company’s stock valued at $102,000 after buying an additional 2,200 shares during the last quarter. 68.11% of the stock is owned by institutional investors.

Insider Activity at MGM Resorts International

In other MGM Resorts International news, Director Keith A. Meister sold 51,000 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $36.57, for a total value of $1,865,070.00. Following the sale, the director now directly owns 5,687,478 shares in the company, valued at $207,991,070.46. The trade was a 0.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.13% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on MGM. Mizuho lowered their target price on shares of MGM Resorts International from $57.00 to $56.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Jefferies Financial Group decreased their price objective on MGM Resorts International from $52.00 to $50.00 and set a “buy” rating for the company in a report on Friday, January 3rd. JMP Securities restated a “market outperform” rating and issued a $50.00 target price on shares of MGM Resorts International in a report on Thursday, January 16th. Wells Fargo & Company decreased their price target on MGM Resorts International from $53.00 to $47.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Finally, Barclays dropped their price objective on MGM Resorts International from $50.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, December 13th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $51.93.

MGM Resorts International Stock Up 0.2 %

MGM opened at $34.56 on Friday. The company’s 50-day moving average price is $34.53 and its two-hundred day moving average price is $37.08. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 1.63. MGM Resorts International has a twelve month low of $31.61 and a twelve month high of $48.24. The stock has a market cap of $10.29 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 2.94 and a beta of 2.20.

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.