331,808 Shares in MGM Resorts International $MGM Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new stake in shares of MGM Resorts International (NYSE:MGM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 331,808 shares of the company’s stock, valued at approximately $15,864,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CYBER HORNET ETFs LLC purchased a new stake in MGM Resorts International in the second quarter worth about $25,000. Global Retirement Partners LLC grew its holdings in shares of MGM Resorts International by 55.9% during the 4th quarter. Global Retirement Partners LLC now owns 784 shares of the company’s stock worth $29,000 after acquiring an additional 281 shares during the period. International Assets Investment Management LLC purchased a new position in shares of MGM Resorts International during the 1st quarter worth approximately $30,000. Optiver Holding B.V. bought a new position in shares of MGM Resorts International in the 1st quarter worth approximately $35,000. Finally, Fiduciary Financial Advisors purchased a new position in shares of MGM Resorts International in the 2nd quarter valued at approximately $48,000. Institutional investors own 68.11% of the company’s stock.

MGM Resorts International Trading Down 1.4%

NYSE MGM opened at $42.87 on Friday. MGM Resorts International has a 12 month low of $29.18 and a 12 month high of $51.59. The stock has a market cap of $10.79 billion, a P/E ratio of 25.98, a P/E/G ratio of 2.22 and a beta of 1.31. The stock’s fifty day moving average price is $45.62 and its 200-day moving average price is $41.27. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 1.80.

MGM Resorts International (NYSE:MGM) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.03. The firm had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.42 billion. MGM Resorts International had a return on equity of 23.30% and a net margin of 2.40%.MGM Resorts International’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.79 EPS. As a group, equities analysts forecast that MGM Resorts International will post 1.96 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on MGM shares. JPMorgan Chase & Co. boosted their target price on shares of MGM Resorts International from $46.00 to $53.00 and gave the company an “overweight” rating in a report on Friday, June 12th. Weiss Ratings raised shares of MGM Resorts International from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, July 30th. UBS Group set a $48.00 price objective on shares of MGM Resorts International in a research note on Thursday, July 2nd. Stifel Nicolaus restated a “hold” rating and issued a $49.00 price objective (up from $48.00) on shares of MGM Resorts International in a report on Monday, June 15th. Finally, Susquehanna raised their target price on shares of MGM Resorts International from $52.00 to $53.00 and gave the company a “positive” rating in a research note on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $53.37.

About MGM Resorts International

MGM Resorts International is a leading global hospitality and entertainment company that develops, owns and operates destination resorts, hotels and casinos. Its properties feature integrated gaming floors alongside luxury accommodations, fine dining and retail outlets, live entertainment venues and convention facilities. The company also offers loyalty programs, sports betting and digital gaming experiences to enhance guest engagement and drive repeat visitation.

The company traces its heritage to the opening of the original MGM Grand Hotel & Casino on the Las Vegas Strip in 1973.