54,344 Shares in MGM Resorts International $MGM Acquired by T3 Companies LLC

T3 Companies LLC purchased a new position in shares of MGM Resorts International (NYSE:MGM) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 54,344 shares of the company’s stock, valued at approximately $1,687,000. MGM Resorts International accounts for approximately 1.7% of T3 Companies LLC’s portfolio, making the stock its 13th biggest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. International Assets Investment Management LLC purchased a new position in MGM Resorts International in the first quarter worth $30,000. Optiver Holding B.V. purchased a new stake in shares of MGM Resorts International during the 1st quarter valued at $35,000. Fiduciary Financial Advisors purchased a new stake in shares of MGM Resorts International during the 2nd quarter valued at $48,000. Global Retirement Partners LLC bought a new stake in shares of MGM Resorts International during the 2nd quarter worth $53,000. Finally, Freestone Grove Partners LP bought a new stake in shares of MGM Resorts International during the 2nd quarter worth $62,000. Hedge funds and other institutional investors own 68.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on MGM shares. The Goldman Sachs Group set a $30.00 price target on shares of MGM Resorts International in a report on Tuesday, October 13th. JPMorgan Chase & Co. decreased their price objective on shares of MGM Resorts International from $53.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday. Mizuho lowered their price objective on shares of MGM Resorts International from $60.00 to $55.00 and set an “outperform” rating on the stock in a research report on Thursday, September 24th. Jefferies Financial Group reissued a “hold” rating on shares of MGM Resorts International in a research report on Thursday, July 2nd. Finally, Susquehanna reduced their target price on shares of MGM Resorts International from $46.00 to $41.00 and set a “positive” rating for the company in a research report on Thursday, October 8th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, MGM Resorts International presently has a consensus rating of “Hold” and an average price target of $46.71.

MGM Resorts International Stock Performance

Shares of MGM opened at $29.51 on Friday. The firm has a market cap of $7.42 billion, a PE ratio of 17.89, a PEG ratio of 1.56 and a beta of 1.35. The stock’s fifty day moving average price is $36.56 and its two-hundred day moving average price is $40.88. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.34 and a quick ratio of 1.30. MGM Resorts International has a 1 year low of $27.93 and a 1 year high of $51.59.

MGM Resorts International (NYSE:MGM) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. The firm had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.42 billion. MGM Resorts International had a return on equity of 23.30% and a net margin of 2.40%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.79 EPS. On average, equities research analysts forecast that MGM Resorts International will post 1.85 EPS for the current year.

Key MGM Resorts International News

Here are the key news stories impacting MGM Resorts International this week:

• Positive Sentiment: Expanded sports and entertainment marketing: MGM Resorts is the title sponsor of the Pro Padel League’s Las Vegas tournament, scheduled for November 18–21. The event should create additional exposure for MGM properties and potentially drive room, food-and-beverage and casino traffic. Pro Padel League Secures Landmark Title Sponsorship with MGM Resorts International for Las Vegas Tournament
• Positive Sentiment: Formula 1 race-week plans: MGM is promoting fan experiences, culinary offerings, fashion and art activations across Bellagio, ARIA, The Cosmopolitan and Park MGM during the November 19–21 Las Vegas Grand Prix. The programming could strengthen the company’s ability to monetize a major high-demand event. MGM Resorts Formula 1 Las Vegas Grand Prix Experiences
• Positive Sentiment: New premium dining concept: MGM Grand will open Taylor Sheridan’s Four Sixes Ranch Steakhouse in early 2027. The partnership adds a distinctive, high-end restaurant attraction that may support resort traffic and spending. MGM Grand to Open Four Sixes Ranch Steakhouse
• Positive Sentiment: BetMGM partnership extended: BetMGM renewed its Canadian partnership with the NFL, preserving access to league intellectual property, marketing activations and fan experiences. The agreement supports BetMGM’s customer-acquisition and brand-building efforts. BetMGM and NFL Extend Partnership in Canada
• Neutral Sentiment: Potential acquisition interest: A law firm is investigating Barry Diller’s reported $48.30-per-share offer for MGM. The bid could establish significant upside if pursued, but the investigation introduces uncertainty and does not indicate that a transaction will close. MGM Deal Notice
• Negative Sentiment: Analysts reduced price targets: Truist Financial and Stifel Nicolaus both cut their targets for MGM, signaling diminished near-term confidence in the company’s earnings outlook and weighing on sentiment. Truist Cuts MGM Price Target Stifel Cuts MGM Price Target
• Negative Sentiment: Q3 earnings concerns: A Zacks preview expects MGM’s third-quarter earnings to decline and sees limited evidence for a likely earnings beat. That caution is an important counterweight to the company’s promotional announcements ahead of its upcoming results. MGM Q3 Earnings Preview

MGM Resorts International Profile

MGM Resorts International is a global hospitality and entertainment company that develops, owns, and operates destination resorts featuring casinos, hotels, restaurants, entertainment venues, convention facilities, retail spaces, and nightlife offerings. Its portfolio includes well-known properties such as MGM Grand, Bellagio, ARIA, Mandalay Bay, and The Cosmopolitan of Las Vegas.

The company serves customers through properties in Las Vegas and other U.S. markets, including regional destinations in Michigan, Maryland, Massachusetts, Mississippi, New Jersey, New York, and Ohio.