Rep. Susie Lee Sells Off Shares of MGM Resorts International (NYSE:MGM)

Representative Susie Lee (D-Nevada) recently sold shares of MGM Resorts International (NYSE:MGM). In a filing disclosed on April 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in MGM Resorts International stock on March 14th. The trade occurred in the Representative’s “SUZANNE K LEE TRUST > FIDELITY BROKERAGE 402” account.

Representative Susie Lee also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Full House Resorts (NASDAQ:FLL) on 3/28/2025.
• Sold $15,001 – $50,000 in shares of Full House Resorts (NASDAQ:FLL) on 3/20/2025.
• Sold $1,001 – $15,000 in shares of Sony Group (NYSE:SONY) on 3/14/2025.
• Sold $1,001 – $15,000 in shares of Marriott International (NASDAQ:MAR) on 3/14/2025.
• Sold $1,001 – $15,000 in shares of Century Casinos (NASDAQ:CNTY) on 3/14/2025.
• Sold $15,001 – $50,000 in shares of Starbucks (NASDAQ:SBUX) on 3/14/2025.
• Sold $1,001 – $15,000 in shares of Golden Entertainment (NASDAQ:GDEN) on 3/14/2025.
• Sold $1,001 – $15,000 in shares of Wynn Resorts (NASDAQ:WYNN) on 3/14/2025.
• Sold $1,001 – $15,000 in shares of Tennant (NYSE:TNC) on 3/14/2025.
• Sold $1,001 – $15,000 in shares of Carnival Co. & (NYSE:CCL) on 3/14/2025.

MGM Resorts International Stock Performance

MGM Resorts International stock traded up $0.09 during mid-day trading on Tuesday, reaching $29.71. The company’s stock had a trading volume of 5,791,255 shares, compared to its average volume of 4,592,033. The company has a market capitalization of $8.41 billion, a P/E ratio of 12.38, a PEG ratio of 0.98 and a beta of 1.96. The firm’s fifty day moving average price is $32.46 and its two-hundred day moving average price is $35.12. MGM Resorts International has a 12-month low of $25.30 and a 12-month high of $47.26. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.26 and a current ratio of 1.30.

MGM Resorts International (NYSE:MGM) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.08. MGM Resorts International had a return on equity of 21.08% and a net margin of 4.33%. Sell-side analysts predict that MGM Resorts International will post 2.21 EPS for the current fiscal year.

Insider Buying and Selling at MGM Resorts International

In other news, CAO Todd Meinert sold 6,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $37.84, for a total value of $227,040.00. Following the completion of the transaction, the chief accounting officer now owns 18,301 shares of the company’s stock, valued at approximately $692,509.84. This represents a 24.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jonathan S. Halkyard acquired 10,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was purchased at an average price of $32.17 per share, with a total value of $321,700.00. Following the acquisition, the chief financial officer now owns 75,648 shares of the company’s stock, valued at $2,433,596.16. This represents a 15.23 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.13% of the company’s stock.

Hedge Funds Weigh In On MGM Resorts International

Hedge funds have recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in MGM Resorts International by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,283,110 shares of the company’s stock valued at $79,110,000 after purchasing an additional 38,749 shares during the period. Korea Investment CORP grew its position in shares of MGM Resorts International by 964.3% in the 4th quarter. Korea Investment CORP now owns 145,287 shares of the company’s stock worth $5,034,000 after buying an additional 131,636 shares during the last quarter. ACR Alpine Capital Research LLC increased its stake in shares of MGM Resorts International by 23.3% during the fourth quarter. ACR Alpine Capital Research LLC now owns 161,990 shares of the company’s stock valued at $5,613,000 after buying an additional 30,605 shares during the period. Davis Selected Advisers lifted its stake in MGM Resorts International by 4.6% in the fourth quarter. Davis Selected Advisers now owns 19,920,713 shares of the company’s stock worth $690,253,000 after acquiring an additional 882,417 shares during the period. Finally, Miracle Mile Advisors LLC bought a new stake in MGM Resorts International in the fourth quarter valued at $2,010,000. Hedge funds and other institutional investors own 68.11% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on MGM. Stifel Nicolaus raised their price objective on shares of MGM Resorts International from $47.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Leerink Partners lowered shares of MGM Resorts International to a “market perform” rating in a research report on Thursday, February 13th. Truist Financial lowered their price objective on MGM Resorts International from $54.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Macquarie restated an “outperform” rating and set a $50.00 target price on shares of MGM Resorts International in a research report on Thursday, February 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of MGM Resorts International in a report on Thursday, February 13th. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, MGM Resorts International presently has an average rating of “Moderate Buy” and a consensus price target of $51.29.

About Representative Lee

Susie Lee (Democratic Party) is a member of the U.S. House, representing Nevada’s 3rd Congressional District. She assumed office on January 3, 2019. Her current term ends on January 3, 2027.

Lee (Democratic Party) is running for re-election to the U.S. House to represent Nevada’s 3rd Congressional District. She declared candidacy for the 2026 election.

Susie Lee attended Carnegie Mellon University in Pittsburgh and graduated with honors, earning a master’s degree in public management. After college, she worked in Massachusetts at an environmental and economic consulting firm that specialized in water resource issues. She moved to Las Vegas, Nevada, in 1993, where she then worked as a campaign policy advisor to Las Vegas Mayor Jan Laverty Jones and founded a homeless shelter for parents and children in need. In 2010, she became the president of the board of Communities In Schools of Nevada (CIS), a program that seeks to lower high school dropout rates. Lee has served on several other boards and committees in the Las Vegas area.

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.