MGM Resorts International (NYSE:MGM) EVP Robert Selwood sold 12,961 shares of the company’s stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of C$28.13, for a total transaction of C$364,592.93. Following the completion of the transaction, the executive vice president now owns 135,493 shares in the company, valued at C$3,811,418.09. The sale was disclosed in a filing with the SEC, which is available through this link.

Shares of MGM Resorts International (NYSE:MGM) opened at 27.87 on Friday. MGM Resorts International has a 52-week low of $16.18 and a 52-week high of $28.80. The firm’s market cap is $15.76 billion. The company’s 50-day moving average is $26.31 and its 200 day moving average is $24.24.

MGM Resorts International (NYSE:MGM) last posted its quarterly earnings results on Monday, November 7th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.11 by $0.47. MGM Resorts International had a net margin of 3.15% and a return on equity of 6.45%. The company earned $2.52 billion during the quarter, compared to analysts’ expectations of $2.37 billion. During the same quarter in the previous year, the business posted $0.15 EPS. The firm’s revenue was up 10.3% on a year-over-year basis. On average, analysts expect that MGM Resorts International will post $0.79 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for MGM Resorts International (NYSE:MGM)

A number of hedge funds and other institutional investors have recently bought and sold shares of MGM. KCG Holdings Inc. boosted its position in MGM Resorts International by 13.1% in the third quarter. KCG Holdings Inc. now owns 101,601 shares of the company’s stock valued at $2,645,000 after buying an additional 11,749 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in MGM Resorts International by 2.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 59,420 shares of the company’s stock valued at $1,547,000 after buying an additional 1,400 shares during the period. GMT Capital Corp boosted its position in MGM Resorts International by 155.3% in the third quarter. GMT Capital Corp now owns 1,310,900 shares of the company’s stock valued at $34,123,000 after buying an additional 797,400 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its position in MGM Resorts International by 19.5% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 20,800 shares of the company’s stock valued at $541,000 after buying an additional 3,400 shares during the period. Finally, Northern Trust Corp boosted its position in MGM Resorts International by 4.9% in the third quarter. Northern Trust Corp now owns 2,827,325 shares of the company’s stock valued at $73,594,000 after buying an additional 133,263 shares during the period. Institutional investors own 71.14% of the company’s stock.

MGM has been the topic of a number of research analyst reports. Goldman Sachs Group Inc. restated a “buy” rating on shares of MGM Resorts International in a research note on Wednesday, October 5th. Stifel Nicolaus restated a “buy” rating and issued a $20.00 target price on shares of MGM Resorts International in a research note on Thursday, September 15th. Credit Agricole SA restated an “overweight” rating and issued a $29.00 target price on shares of MGM Resorts International in a research note on Tuesday, September 20th. Gabelli reiterated a “buy” rating on shares of MGM Resorts International in a research note on Monday, October 17th. Finally, Susquehanna reiterated a “positive” rating and set a $30.00 price objective on shares of MGM Resorts International in a research note on Thursday, September 8th. Twenty-three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. MGM Resorts International currently has a consensus rating of “Buy” and a consensus price target of C$30.63.

MGM Resorts International Company Profile

MGM Resorts International is a holding company. The Company owns and operates casino resorts. It operates in two segments: wholly owned domestic resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail and other resort amenities. It has additional business activities, including its investments in unconsolidated affiliates, and other corporate and management operations.

5 Day Chart for NYSE:MGM

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