Mutual of America Capital Management LLC Has $1.11 Million Stock Holdings in MGM Resorts International (NYSE:MGM)

Mutual of America Capital Management LLC reduced its stake in shares of MGM Resorts International (NYSE:MGM) by 10.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,391 shares of the company’s stock after selling 3,219 shares during the quarter. Mutual of America Capital Management LLC’s holdings in MGM Resorts International were worth $1,110,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MGM. Advisors Asset Management Inc. increased its holdings in MGM Resorts International by 106.8% in the 1st quarter. Advisors Asset Management Inc. now owns 8,542 shares of the company’s stock valued at $403,000 after buying an additional 4,412 shares during the period. Price T Rowe Associates Inc. MD raised its position in MGM Resorts International by 1.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 563,444 shares of the company’s stock valued at $26,602,000 after purchasing an additional 5,968 shares in the last quarter. Mount Yale Investment Advisors LLC lifted its stake in MGM Resorts International by 38.4% during the first quarter. Mount Yale Investment Advisors LLC now owns 8,383 shares of the company’s stock worth $396,000 after purchasing an additional 2,325 shares during the last quarter. Dynasty Wealth Management LLC bought a new stake in MGM Resorts International during the first quarter worth $638,000. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in shares of MGM Resorts International by 12.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 5,955 shares of the company’s stock valued at $281,000 after purchasing an additional 670 shares in the last quarter. Institutional investors own 68.11% of the company’s stock.

Insider Transactions at MGM Resorts International

In related news, Director Keith A. Meister sold 121,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $36.72, for a total value of $4,443,120.00. Following the transaction, the director now owns 5,738,478 shares in the company, valued at $210,716,912.16. The trade was a 2.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.83% of the company’s stock.

MGM Resorts International Stock Performance

NYSE MGM opened at $38.32 on Tuesday. The company has a market capitalization of $11.41 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 2.70 and a beta of 2.23. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 1.63. MGM Resorts International has a twelve month low of $33.44 and a twelve month high of $48.24. The stock has a fifty day simple moving average of $38.64 and a 200 day simple moving average of $39.71.

MGM Resorts International (NYSE:MGM) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.04). MGM Resorts International had a return on equity of 25.84% and a net margin of 5.23%. The company had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter last year, the business earned $0.64 earnings per share. MGM Resorts International’s revenue was up 5.3% compared to the same quarter last year. Sell-side analysts expect that MGM Resorts International will post 2.5 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on MGM shares. JMP Securities lowered their price target on MGM Resorts International from $54.00 to $50.00 and set a “market outperform” rating for the company in a report on Monday. Deutsche Bank Aktiengesellschaft dropped their target price on shares of MGM Resorts International from $57.00 to $52.00 and set a “buy” rating for the company in a report on Tuesday, October 1st. Stifel Nicolaus raised their price target on shares of MGM Resorts International from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Truist Financial lowered their price objective on shares of MGM Resorts International from $58.00 to $56.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Finally, Mizuho cut their target price on shares of MGM Resorts International from $57.00 to $56.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $52.85.

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.