MGM Resorts International (NYSE:MGM) was the recipient of unusually large options trading on Tuesday. Stock investors bought 15,433 call options on the company. This represents an increase of approximately 144% compared to the average volume of 6,325 call options.

MGM has been the subject of a number of analyst reports. BidaskClub cut MGM Resorts International from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 1st. UBS AG reaffirmed a “buy” rating on shares of MGM Resorts International in a report on Monday, July 10th. Aegis reaffirmed a “buy” rating and issued a $35.00 price target (up previously from $33.00) on shares of MGM Resorts International in a report on Saturday, April 29th. Instinet reaffirmed a “buy” rating and issued a $40.00 price target on shares of MGM Resorts International in a report on Monday, July 3rd. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $34.00 price target on shares of MGM Resorts International in a report on Monday, July 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eighteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $34.81.

Shares of MGM Resorts International (NYSE:MGM) opened at 31.83 on Friday. The firm has a market cap of $18.31 billion, a PE ratio of 18.85 and a beta of 1.48. The company has a 50 day moving average price of $32.00 and a 200 day moving average price of $30.10. MGM Resorts International has a 12-month low of $23.52 and a 12-month high of $34.53.

MGM Resorts International (NYSE:MGM) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. MGM Resorts International had a net margin of 9.26% and a return on equity of 7.97%. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same quarter last year, the business posted $0.29 EPS. The company’s revenue was up 16.4% on a year-over-year basis. On average, analysts forecast that MGM Resorts International will post $1.24 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Monday, September 11th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Friday, September 8th. MGM Resorts International’s dividend payout ratio is 26.04%.

In related news, Director Alexis Herman sold 3,745 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $32.51, for a total value of $121,749.95. Following the completion of the transaction, the director now owns 8,285 shares of the company’s stock, valued at approximately $269,345.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James Murren sold 57,269 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $31.54, for a total value of $1,806,264.26. Following the completion of the transaction, the chief executive officer now directly owns 969,111 shares of the company’s stock, valued at approximately $30,565,760.94. The disclosure for this sale can be found here. Insiders sold 121,283 shares of company stock worth $3,916,395 in the last 90 days. Company insiders own 12.20% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the company. IFP Advisors Inc raised its position in MGM Resorts International by 0.7% in the first quarter. IFP Advisors Inc now owns 4,558 shares of the company’s stock worth $125,000 after buying an additional 31 shares in the last quarter. World Asset Management Inc raised its position in MGM Resorts International by 0.5% in the second quarter. World Asset Management Inc now owns 19,646 shares of the company’s stock worth $615,000 after buying an additional 91 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in MGM Resorts International by 0.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 34,213 shares of the company’s stock worth $937,000 after buying an additional 140 shares in the last quarter. Calamos Wealth Management LLC raised its position in MGM Resorts International by 0.5% in the second quarter. Calamos Wealth Management LLC now owns 52,540 shares of the company’s stock worth $1,644,000 after buying an additional 257 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in MGM Resorts International by 3.4% in the first quarter. Pacer Advisors Inc. now owns 9,269 shares of the company’s stock worth $254,000 after buying an additional 302 shares in the last quarter. 74.10% of the stock is owned by hedge funds and other institutional investors.

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MGM Resorts International Company Profile

MGM Resorts International is a holding company. The Company, through its subsidiaries, owns and operates casino resorts. The Company operates in two segments: domestic resorts and MGM China. Its domestic resorts segment consists of non-gaming operations, including hotel, food and beverage, entertainment and other non-gaming amenities.

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