News headlines about MGM Resorts International (NYSE:MGM) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. MGM Resorts International earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.8738978444342 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news stories that may have effected Accern’s analysis:

MGM has been the topic of a number of recent research reports. Nomura decreased their target price on MGM Resorts International from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, November 1st. Roth Capital initiated coverage on MGM Resorts International in a report on Wednesday, October 25th. They issued a “buy” rating and a $38.00 target price on the stock. Morgan Stanley set a $34.00 target price on MGM Resorts International and gave the stock a “buy” rating in a report on Friday, October 13th. Instinet reaffirmed a “buy” rating and issued a $40.00 target price on shares of MGM Resorts International in a report on Tuesday, October 3rd. Finally, Bank of America reaffirmed a “buy” rating and issued a $40.00 target price (up from $38.00) on shares of MGM Resorts International in a report on Friday, September 8th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $36.50.

Shares of MGM Resorts International (NYSE:MGM) traded down $0.05 during mid-day trading on Friday, reaching $33.18. The company’s stock had a trading volume of 8,874,205 shares, compared to its average volume of 5,942,272. MGM Resorts International has a 1-year low of $25.15 and a 1-year high of $34.65. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.02 and a quick ratio of 0.98. The stock has a market cap of $18,875.05, a price-to-earnings ratio of 29.50, a PEG ratio of 7.58 and a beta of 1.44.

MGM Resorts International announced that its Board of Directors has initiated a share buyback program on Tuesday, September 5th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy up to 5.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, December 11th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $0.44 dividend on an annualized basis and a yield of 1.33%. MGM Resorts International’s payout ratio is presently 43.14%.

In other MGM Resorts International news, Director Sean Charland purchased 25,000 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was acquired at an average price of $22.50 per share, for a total transaction of $562,500.00. Also, EVP John Mcmanus sold 10,000 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $33.35, for a total value of $333,500.00. Following the completion of the sale, the executive vice president now owns 54,337 shares of the company’s stock, valued at approximately $1,812,138.95. The disclosure for this sale can be found here. Insiders sold a total of 146,056 shares of company stock valued at $4,816,302 in the last quarter. 12.20% of the stock is currently owned by company insiders.

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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.

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

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