Following the sale, the insider now directly owns 70,049 shares of the company's stock, valued at approximately $2,280,795.44.
MGM Resorts International, through its wholly owned subsidiaries, owns and/or operates casino resorts in the United States and China.
The Stock surged3.51% and closed its last trading session at $35.11. About 6.03 million shares traded. MGM Resorts International (MGM) is intriguing when broken down to its core data. It has outperformed by 28.58% the S&P500. Bb&T Securities Llc acquired 8,685 shares as Merck & Co Inc (MRK)'s stock declined 2.46%. Insiders sold 96,877 shares of company stock valued at $3,187,002 over the last quarter. Cullen Frost Bankers Inc who had been investing in Electronic Arts Inc Com for a number of months, seems to be bullish on the $34.84B market cap company. The stock decreased 0.44% or $1.15 during the last trading session, reaching $258.6. The company had a trading volume of 6,021,054 shares, compared to its average volume of 5,595,988. MVC Capital, Inc. (NYSE:MVC) has risen 9.86% since January 13, 2017 and is uptrending. It has outperformed by 2.77% the S&P500. It also reduced its holding in Guggenheim Frontier Markets Etf (FRN) by 54,353 shares in the quarter, leaving it with 118,040 shares, and cut its stake in Templeton Emerging Markets Fd (EMF).
Among 15 analysts covering MGM Resorts (NYSE:MGM), 11 have Buy rating, 0 Sell and 4 Hold. Therefore 73% are positive. Ltd. grew its holdings in shares of MGM Resorts International by 5.1% during the third quarter. Advisor Group Inc. grew its holdings in shares of MGM Resorts International by 35.3% during the 2nd quarter. As per Friday, April 28, the company rating was maintained by Stifel Nicolaus. Nomura cut their target price on MGM Resorts International from $38.00 to $37.00 and set a "buy" rating on the stock in a research note on Wednesday, November 1st. On Wednesday, November 1 the stock rating was maintained by JP Morgan with "Overweight". The stock has a consensus rating of "Buy" and an average target price of $36.79. The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base.
Despite the fact that a low P/E ratio may make a stock look like a good buy, factoring in the company's growth rate to get the stock's PEG ratio can tell a different story. The firm has "Hold" rating by Zacks given on Wednesday, August 5. The stock of MGM Resorts International (NYSE:MGM) earned "Buy" rating by Stifel Nicolaus on Thursday, June 9.
Investors sentiment decreased to 1.51 in Q3 2017. Its the same as in 2017Q2. HERMAN ALEXIS had sold 3,745 shares worth $121,732 on Tuesday, August 1. Kentucky Retirement Systems reported 289,139 shares stake. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 1.26. PriceSmart had 7 analyst reports since September 1, 2015 according to SRatingsIntel. Signalpoint Asset Mngmt Limited Co holds 0.26% or 13,468 shares. Chevy Chase Trust Holding Inc reported 77,158 shares. Wealth Architects Ltd Co invested 0.44% in Intel Corporation (NASDAQ:INTC). (NASDAQ:EA). Baystate Wealth holds 20 shares. The West Virginia-based Security Natl has invested 0.01% in Electronic Arts Inc. The rating was maintained by Oppenheimer on Thursday, July 27 with "Buy". Another trade for 1,639 shares valued at $67,048 was sold by Bryant Diane M. The insider BRYANT ANDY D sold 89,087 shares worth $3.99 million. Bahrambeygui Sherry S. also sold $302,258 worth of PriceSmart, Inc.
Investors sentiment increased to 1.53 in Q3 2017.
Since August 1, 2017, it had 0 insider purchases, and 30 selling transactions for $30.68 million activity. Shares for $553,133 were sold by SANDERS COREY IAN.
Several hedge funds have recently added to or reduced their stakes in MGM. About 6.03 million shares traded. Robeco Institutional Asset Management Bv invested in 14,187 shares. Diligent Investors Llc, a California-based fund reported 11,412 shares.
MGM Resorts International (MGM) saw 46.12 million in free cash flow last quarter, representing a quarterly net change in cash of 229.63 million. (NASDAQ:EA). Logan Cap Mngmt owns 187,173 shares for 1.58% of their portfolio. Schwab Charles Inv Management holds 149,174 shares or 0.01% of its portfolio. Thompson Davis & holds 0.02% or 346 shares. Frontfour Capital Group Llc bought 19,782 shares as the company's stock rose 17.48% with the market. Rockefeller Fin Serv holds 0.02% or 4,335 shares.
Capital Management Associates decreased its stake in Mgm Resorts International (MGM) by 33.59% based on its latest 2017Q3 regulatory filing with the SEC. The correct version of this article can be viewed at https://www.truebluetribune.com/2018/01/13/mgm-resorts-international-mgm-position-boosted-by-parametric-portfolio-associates-llc.html. Bnp Paribas Arbitrage Sa accumulated 2,828 shares. The hedge fund held 340,902 shares of the hotels and resorts company at the end of 2017Q3, valued at $11.11 million, up from 321,120 at the end of the previous reported quarter.
Harris Associates L P, which manages about $59.29B US Long portfolio, upped its stake in Alphabet Inc by 12,556 shares to 519,263 shares, valued at $505.62 million in 2017Q3, according to the filing. Bronson Point Mngmt Ltd Limited Liability Company accumulated 112,500 shares. $1.81M worth of MGM Resorts International (NYSE:MGM) was sold by MURREN JAMES on Wednesday, August 9. $104,779 worth of MGM Resorts International (NYSE:MGM) was sold by Mckinney-James Rose on Wednesday, September 6. It improved, as 42 investors sold RTN shares while 343 reduced holdings. Thomas J Herzfeld Advsrs holds 1,300 shares.
MGM Resorts International has distance from 20-day Simple Moving Average (SMA20) of 5.32%, Distance from 50-Day Simple Moving Average of SMA50 percent and Distance from 200-Day Simple Moving Average of 10.61%.
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