Savoir Faire Capital Management L.P. Sells 34,719 Shares of MGM Resorts International $MGM

Savoir Faire Capital Management L.P. trimmed its holdings in shares of MGM Resorts International (NYSE:MGM) by 48.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,649 shares of the company’s stock after selling 34,719 shares during the quarter. Savoir Faire Capital Management L.P.’s holdings in MGM Resorts International were worth $1,337,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MGM. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of MGM Resorts International by 74.1% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 12,726 shares of the company’s stock worth $464,000 after acquiring an additional 5,417 shares in the last quarter. M&T Bank Corp raised its stake in shares of MGM Resorts International by 55.9% in the 4th quarter. M&T Bank Corp now owns 12,491 shares of the company’s stock valued at $456,000 after acquiring an additional 4,480 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in MGM Resorts International by 4.5% in the 4th quarter. Pictet Asset Management Holding SA now owns 35,579 shares of the company’s stock worth $1,298,000 after purchasing an additional 1,537 shares during the last quarter. Sanctuary Advisors LLC boosted its position in MGM Resorts International by 2.1% during the fourth quarter. Sanctuary Advisors LLC now owns 76,340 shares of the company’s stock worth $2,786,000 after purchasing an additional 1,536 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its position in MGM Resorts International by 9.0% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 724,014 shares of the company’s stock worth $26,419,000 after purchasing an additional 59,770 shares during the period. 68.11% of the stock is currently owned by institutional investors.

Trending Headlines about MGM Resorts International

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

• Positive Sentiment: Record revenue and digital/China strength — MGM reported record consolidated Q1 net revenues, led by MGM China and digital/BetMGM growth, which supports top‑line momentum even as margins tighten. MGM Q1 PR
• Positive Sentiment: Asset sale improves liquidity — The company closed the sale of MGM Northfield Park operations for $546M (announced with results), a near‑term cash event that can help reduce leverage or fund growth. Northfield Park sale
• Positive Sentiment: Strong MGM China results — MGM China reported double‑digit revenue and gaming gains, reinforcing the company’s Macau exposure as a growth engine. MGM China Q1
• Neutral Sentiment: Las Vegas revenue recovery but margin pressure — Las Vegas Strip net revenues rose (helped by conventions), showing demand resilience, though higher costs weighed on EBITDA and margins. This creates earnings upside potential if cost trends stabilize. Las Vegas uptick
• Neutral Sentiment: Mixed analyst actions — Multiple firms updated ratings/targets (Goldman, JPMorgan, Citi, Truist, Wells Fargo, KeyCorp), producing a range of views and modest PT adjustments that could amplify volatility but offer no clear consensus. Analyst updates
• Negative Sentiment: EPS miss and margin squeeze — MGM reported non‑GAAP EPS of $0.49 vs. consensus $0.56 (revenues beat), with higher costs and weaker margins driving the earnings shortfall — the primary near‑term catalyst for weakness. Earnings miss
• Negative Sentiment: Jefferies downgrade — Jefferies cut MGM to Hold from Buy, trimming its PT and calling out capital‑structure concerns and a limited near‑term growth outlook, putting additional downside pressure on sentiment. Jefferies downgrade
• Negative Sentiment: Operational headwinds at some properties — Dining and F&B changes (closures/bankruptcy of a food operator at Circus Circus and some buffet closures) highlight property‑level disruption that may pressure local revenues and guest experience. Dining shifts

MGM Resorts International Stock Down 0.9%

Shares of MGM stock opened at $38.92 on Friday. MGM Resorts International has a 12 month low of $29.18 and a 12 month high of $40.94. The company has a quick ratio of 1.20, a current ratio of 1.23 and a debt-to-equity ratio of 1.91. The firm has a market cap of $9.96 billion, a PE ratio of 54.05 and a beta of 1.35. The stock has a 50 day moving average of $37.14 and a 200-day moving average of $35.38.

MGM Resorts International (NYSE:MGM) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.07). MGM Resorts International had a return on equity of 24.17% and a net margin of 1.03%.The company had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.37 billion. During the same quarter in the previous year, the business posted $0.69 EPS. The company’s revenue was up 4.2% on a year-over-year basis. On average, equities analysts predict that MGM Resorts International will post 2.03 EPS for the current year.

Insider Buying and Selling at MGM Resorts International

In related news, major shareholder Iac Inc. acquired 450,000 shares of the business’s stock in a transaction dated Tuesday, March 24th. The stock was acquired at an average price of $37.13 per share, with a total value of $16,708,500.00. Following the completion of the transaction, the insider owned 66,822,350 shares of the company’s stock, valued at approximately $2,481,113,855.50. This represents a 0.68% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Keith A. Meister sold 37,500 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $34.27, for a total transaction of $1,285,125.00. Following the completion of the sale, the director owned 5,347,978 shares of the company’s stock, valued at approximately $183,275,206.06. The trade was a 0.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 3.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MGM shares. KeyCorp raised shares of MGM Resorts International from a “sector weight” rating to an “overweight” rating and set a $117.00 price target on the stock in a research report on Monday. Morgan Stanley upped their price objective on shares of MGM Resorts International from $34.00 to $35.00 and gave the stock an “underweight” rating in a report on Wednesday, April 8th. Susquehanna lowered their target price on shares of MGM Resorts International from $46.00 to $45.00 and set a “positive” rating on the stock in a research note on Friday, February 6th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of MGM Resorts International from $43.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Finally, Mizuho decreased their price target on shares of MGM Resorts International from $62.00 to $59.00 and set an “outperform” rating for the company in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have issued a Hold rating and four 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 $47.12.

MGM Resorts International Company Profile

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.