Susquehanna Fundamental Investments LLC Acquires 67,092 Shares of MGM Resorts International (NYSE:MGM)

Susquehanna Fundamental Investments LLC lifted its holdings in shares of MGM Resorts International (NYSE:MGM) by 172.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 105,999 shares of the company’s stock after acquiring an additional 67,092 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in MGM Resorts International were worth $5,004,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CVA Family Office LLC bought a new position in shares of MGM Resorts International during the fourth quarter valued at approximately $28,000. Sunbelt Securities Inc. raised its holdings in shares of MGM Resorts International by 510.2% during the third quarter. Sunbelt Securities Inc. now owns 1,196 shares of the company’s stock valued at $44,000 after acquiring an additional 1,000 shares in the last quarter. Accent Capital Management LLC bought a new position in shares of MGM Resorts International during the fourth quarter valued at approximately $45,000. Mendota Financial Group LLC raised its holdings in shares of MGM Resorts International by 36.0% during the first quarter. Mendota Financial Group LLC now owns 1,004 shares of the company’s stock valued at $47,000 after acquiring an additional 266 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its holdings in shares of MGM Resorts International by 49.7% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,105 shares of the company’s stock valued at $49,000 after acquiring an additional 367 shares in the last quarter. Institutional investors own 68.11% of the company’s stock.

MGM Resorts International Stock Performance

Shares of MGM Resorts International stock traded up $0.29 during trading on Monday, hitting $46.40. 685,643 shares of the company’s stock traded hands, compared to its average volume of 3,746,162. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.51 and a quick ratio of 1.46. MGM Resorts International has a 1 year low of $34.12 and a 1 year high of $51.35. The stock has a market capitalization of $14.55 billion, a P/E ratio of 17.73, a PEG ratio of 0.95 and a beta of 2.24. The business has a 50-day simple moving average of $41.35 and a 200-day simple moving average of $42.86.

MGM Resorts International (NYSE:MGM) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.56 by $0.18. MGM Resorts International had a return on equity of 23.62% and a net margin of 5.35%. The company had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.24 billion. During the same period last year, the firm posted $0.44 earnings per share. MGM Resorts International’s revenue was up 13.2% compared to the same quarter last year. As a group, analysts forecast that MGM Resorts International will post 3.01 EPS for the current year.

Insider Buying and Selling at MGM Resorts International

In other MGM Resorts International news, Director Alexis Herman sold 4,344 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $41.50, for a total value of $180,276.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other MGM Resorts International news, Director Alexis Herman sold 4,344 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $41.50, for a total value of $180,276.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Keith A. Meister sold 139,300 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $40.44, for a total value of $5,633,292.00. Following the completion of the transaction, the director now directly owns 5,859,478 shares in the company, valued at approximately $236,957,290.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 147,988 shares of company stock valued at $5,991,759. 2.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target on MGM Resorts International from $54.00 to $57.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Susquehanna raised MGM Resorts International from a “neutral” rating to a “positive” rating and upped their price target for the stock from $46.00 to $54.00 in a research note on Thursday, May 2nd. BTIG Research assumed coverage on MGM Resorts International in a research note on Wednesday, July 3rd. They issued a “buy” rating and a $52.00 price target on the stock. Mizuho upped their price target on MGM Resorts International from $61.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Finally, JMP Securities upped their price target on MGM Resorts International from $57.00 to $58.00 and gave the stock a “market outperform” rating in a research note on Monday, May 6th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.53.

MGM Resorts International Profile

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.