Insider Trading at MGM Resorts International?

Paterniano Del Favero
Agosto 9, 2017

MGM Resorts International (MGM) maintained activity of 9.3 million shares that trade hands on average basis while its relative volume is 0.70. Moreover, Land & Buildings Investment Management Llc has 12.28% invested in the company for 1.73 million shares. $369,247 worth of MGM Resorts International (NYSE:MGM) shares were sold by TAYLOR DANIEL J.

Several hedge funds have recently modified their holdings of the company. New York-based Pinnacle Assoc Ltd has invested 0.23% in MGM Resorts International (NYSE:MGM). Canyon Capital Advisors LLC now owns 17,818,760 shares of the company's stock worth $488,234,000 after buying an additional 2,877,500 shares in the last quarter.

04/03/2017 - MGM Resorts International had its "buy" rating reiterated by analysts at Goldman Sachs. Comerica Bank bought a new stake in MGM Resorts International during the fourth quarter valued at approximately $770,000. GMT Capital Corp now owns 3,490,000 shares of the company's stock worth $95,626,000 after buying an additional 1,647,200 shares in the last quarter.

MGM Resorts International (MGM)'s mean Altman Z-Score: 1.14 during the last 7 years. 0 told the investors of the company to "Hold" stock.

MGM Resorts International (MGM) stock price rose 30.31 percent over the past one year, while increased 9.67 percent during the past 6 months. Utd Cap Advisers Limited Liability Company invested in 18,022 shares or 0.01% of the stock. The firm's 50-day moving average price is $32.57 and its 200-day moving average price is $29.85. They now have a Dollars 39 price target on the stock. Neuberger Berman Group Limited Liability reported 0.03% of its portfolio in MGM Resorts International (NYSE:MGM). The dividend payment will be $0.110 per share for the quarter or $0.44 annualized. The shares price has positioned 1.91% up over the past quarter while it has directed 10.47% toward a rising position throughout past six months. MGM Resorts International had a return on equity of 7.97% and a net margin of 9.26%.

An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings.

Do investors think to respond accordingly to new analyst's rating and change a position based on the analyst's rating opinion without any further research?

The company is up by 0.13% since yesterday's close of $31.55. Stockholders of record on Monday, September 11th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, September 8th. Ngam Advisors LP invested 0.05% in MGM Resorts International (NYSE:MGM). Finally, Global X Management Co.

02/17/2017 - MGM Resorts International had its "buy" rating reiterated by analysts at Nomura. If you are accessing this article on another domain, it was copied illegally and reposted in violation of US & global trademark & copyright laws. The original version of this report can be read at https://rinconhillneighbors.org/2017/08/09/mgm-resorts-international-nysemgm-director-mary-christine-gay-sells-3000-shares.html.

Several equities research analysts have issued reports on the company. Telsey Advisory Group restated an "outperform" rating and set a $36.00 price objective (up previously from $32.00) on shares of MGM Resorts International in a research report on Thursday, April 27th.

Ratings analysis reveals 92% of MGM Resorts's analysts are positive.

MGM Resorts International also declared a dividend for shareholders payable on Friday the 15th of September 2017. The firm earned "Buy" rating on Wednesday, August 5 by Stifel Nicolaus. BidaskClub cut MGM Resorts International from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and nineteen have given a buy rating to the company's stock. Currently, the stock has a 1 Year Price Target of $37.53.

Norges Bank says it lowered its stake in MGM Resorts International stock by 232,314 shares in the last quarter. The shares were sold at an average price of $31.60, for a total value of $677,535.60. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. Market Capitalization if basically the market value of the company's shares outstanding. The disclosure for this sale can be found here. Corporate insiders own 12.20% of the company's stock.

MGM Resorts International's P/E ratio is 18.69 and the market value is 18.16B.

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