Eos Management L.P. Sells 10,285 Shares of MGM Resorts International (NYSE:MGM)

Eos Management L.P. trimmed its position in shares of MGM Resorts International (NYSE:MGM) by 9.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,145 shares of the company’s stock after selling 10,285 shares during the period. MGM Resorts International comprises 2.0% of Eos Management L.P.’s investment portfolio, making the stock its 11th largest position. Eos Management L.P.’s holdings in MGM Resorts International were worth $4,474,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bamco Inc. NY lifted its stake in shares of MGM Resorts International by 4.5% in the 3rd quarter. Bamco Inc. NY now owns 1,912,447 shares of the company’s stock valued at $70,302,000 after acquiring an additional 82,134 shares during the last quarter. Black Swift Group LLC grew its stake in shares of MGM Resorts International by 133.3% in the third quarter. Black Swift Group LLC now owns 105,000 shares of the company’s stock worth $3,860,000 after purchasing an additional 60,000 shares during the last quarter. Allworth Financial LP increased its stake in shares of MGM Resorts International by 122.0% during the fourth quarter. Allworth Financial LP now owns 6,843 shares of the company’s stock valued at $306,000 after buying an additional 3,760 shares during the period. Boston Partners lifted its stake in MGM Resorts International by 1,447.6% in the third quarter. Boston Partners now owns 3,980,892 shares of the company’s stock worth $145,916,000 after acquiring an additional 3,723,659 shares during the period. Finally, Qube Research & Technologies Ltd boosted its holdings in MGM Resorts International by 544.8% in the third quarter. Qube Research & Technologies Ltd now owns 1,995,768 shares of the company’s stock valued at $73,364,000 after acquiring an additional 1,686,267 shares in the last quarter. 68.11% of the stock is currently owned by institutional investors.

Insider Buying and Selling at MGM Resorts International

In other MGM Resorts International news, Director Keith A. Meister sold 325,000 shares of MGM Resorts International stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $42.90, for a total value of $13,942,500.00. Following the completion of the sale, the director now owns 6,098,778 shares of the company’s stock, valued at approximately $261,637,576.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.13% of the company’s stock.

MGM Resorts International Stock Down 2.6 %

NYSE MGM traded down $1.10 during mid-day trading on Friday, reaching $41.08. The stock had a trading volume of 4,681,252 shares, compared to its average volume of 3,803,543. The company has a fifty day moving average price of $43.74 and a 200 day moving average price of $42.10. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.57 and a quick ratio of 1.53. MGM Resorts International has a 1 year low of $34.12 and a 1 year high of $51.35. The stock has a market cap of $13.02 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 1.76 and a beta of 2.19.

MGM Resorts International (NYSE:MGM) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.39. MGM Resorts International had a return on equity of 20.51% and a net margin of 7.07%. The firm had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the prior year, the company posted $0.69 earnings per share. The company’s quarterly revenue was up 21.8% on a year-over-year basis. On average, research analysts expect that MGM Resorts International will post 2.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on MGM shares. Morgan Stanley upped their price objective on shares of MGM Resorts International from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Barclays cut their price objective on MGM Resorts International from $57.00 to $55.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 14th. Macquarie reissued an “outperform” rating and issued a $58.00 target price on shares of MGM Resorts International in a research report on Wednesday, February 14th. JPMorgan Chase & Co. lifted their price target on MGM Resorts International from $52.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, February 14th. Finally, TheStreet upgraded MGM Resorts International from a “c+” rating to a “b-” rating in a report on Tuesday, February 13th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, MGM Resorts International presently has a consensus rating of “Moderate Buy” and an average target price of $55.34.

About MGM Resorts International

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