Landscape Capital Management L.L.C. acquired a new stake in shares of MGM Resorts International (NYSE:MGM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 21,125 shares of the company’s stock, valued at approximately $459,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price Wealth LLC bought a new position in shares of MGM Resorts International during the 3rd quarter valued at about $29,000. Allworth Financial LP boosted its holdings in shares of MGM Resorts International by 231.8% during the 2nd quarter. Allworth Financial LP now owns 1,659 shares of the company’s stock valued at $28,000 after purchasing an additional 1,159 shares during the last quarter. WASHINGTON TRUST Co boosted its holdings in shares of MGM Resorts International by 203.3% during the 2nd quarter. WASHINGTON TRUST Co now owns 1,820 shares of the company’s stock valued at $30,000 after purchasing an additional 1,220 shares during the last quarter. Cornerstone Advisors Inc. boosted its holdings in shares of MGM Resorts International by 347.8% during the 2nd quarter. Cornerstone Advisors Inc. now owns 2,015 shares of the company’s stock valued at $34,000 after purchasing an additional 1,565 shares during the last quarter. Finally, Atlas Private Wealth Management bought a new position in shares of MGM Resorts International during the 2nd quarter valued at about $42,000. 66.23% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently commented on MGM. Macquarie increased their price target on shares of MGM Resorts International from $27.00 to $30.00 in a report on Thursday, September 24th. Credit Suisse Group increased their price target on shares of MGM Resorts International from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Morgan Stanley increased their price target on shares of MGM Resorts International from $18.00 to $20.00 and gave the company an “equal weight” rating in a report on Friday, August 28th. Bank of America reaffirmed a “sell” rating and issued a $15.00 price target on shares of MGM Resorts International in a report on Friday, August 7th. Finally, Roth Capital increased their price target on shares of MGM Resorts International from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, October 30th. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $18.94.

Shares of NYSE:MGM opened at $26.21 on Friday. The firm has a market cap of $12.95 billion, a PE ratio of 9.36 and a beta of 2.28. The firm’s 50 day simple moving average is $22.45 and its 200-day simple moving average is $19.73. MGM Resorts International has a one year low of $5.90 and a one year high of $34.63. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.20 and a current ratio of 2.24.

MGM Resorts International (NYSE:MGM) last issued its earnings results on Thursday, October 29th. The company reported ($1.08) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.10) by $0.02. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.30 billion. MGM Resorts International had a net margin of 20.81% and a negative return on equity of 12.08%. The company’s quarterly revenue was down 66.0% compared to the same quarter last year. During the same period last year, the company posted $0.31 earnings per share. Equities research analysts predict that MGM Resorts International will post -4.1 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Thursday, December 10th will be given a dividend of $0.0025 per share. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date is Wednesday, December 9th. MGM Resorts International’s dividend payout ratio (DPR) is presently 1.30%.

In other news, EVP John Mcmanus sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $22.84, for a total transaction of $456,800.00. Following the transaction, the executive vice president now directly owns 92,567 shares of the company’s stock, valued at $2,114,230.28. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 5.06% of the company’s stock.

About MGM Resorts International

MGM Resorts International, through its subsidiaries, owns and operates integrated casino, hotel, and entertainment resorts in the United States and Macau. 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.

Read More: Understanding the two types of arbitrage

Want to see what other hedge funds are holding MGM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MGM Resorts International (NYSE:MGM).

Institutional Ownership by Quarter for MGM Resorts International (NYSE:MGM)

Receive News & Ratings for MGM Resorts International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MGM Resorts International and related companies with MarketBeat.com's FREE daily email newsletter.