Economy

MGM Resorts International (NYSE:MGM) Valuation According To Analysts

Blackrock Group Ltd decreased Mgm Resorts International (MGM) stake by 3.04% reported in 2016Q4 SEC filing. Davidson Kempner Cap Mgmt LP invested in 1.30 million shares or 1.4% of the stock. Stifel Nicolaus maintained MGM Resorts International (NYSE:MGM) rating on Friday, February 17. The business's revenue for the quarter was up 16.4% compared to the same quarter a year ago. Public Employees Retirement System of OH boosted its holdings in MGM Resorts International by 1.4% in the 2nd quarter. Colony Group LLC bought a new stake in MGM Resorts International in the 2nd quarter valued at about $203,000. Following the transaction, the insider now owns 145,105 shares of the company's stock, valued at approximately $4,807,328.65. Finally, Quantbot Technologies LP increased its position in MGM Resorts International by 180.8% in the second quarter. Public Employees Retirement System of OH now owns 462,455 shares of the company's stock valued at $14,470,000 after purchasing an additional 6,429 shares during the period. Land & Buildings Investment Management Llc sold 110,800 shares as Mgm Resorts International (MGM)'s stock rose 17.48%. The value of the company's investment in MGM Resorts International went from $56,056,000 to $65,051,000 a change of $8,995,000 quarter to quarter. The company has a 50-day moving average of $28.97 and a 200 day moving average of $26.91. The stock has a market cap of $18.75 billion, a price-to-earnings ratio of 19.30 and a beta of 1.48.

Analysts await MGM Resorts International (NYSE:MGM) to report earnings on November, 6. The hedge fund run by Carl Goldsmith held 1.80 million shares of the hotels and resorts company at the end of 2016Q4, valued at $51.78M, up from 1.50M at the end of the previous reported quarter. Fifth Third National Bank & Trust has invested 0% in MGM Resorts International (NYSE:MGM). They expect $0.34 earnings per share, down 41.38% or $0.24 from last year's $0.58 per share. In the latest earnings report the EPS was $1.69 and is projected to be $1.29 for the current year with 575,192,000 shares now outstanding.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. The dividend payment will be $0.110 per share for the quarter or $0.44 on an annualized basis. (NASDAQ:MBOT), its shares were trading at $1.05 a retreat of $-0.11, on the trading floor. The ex-dividend date of this dividend is Friday, September 8th. The New York-based Alliancebernstein Limited Partnership has invested 0.09% in MGM Resorts International (NYSE:MGM).

MGM Resorts International (NYSE:MGM) declared that its board has authorized a stock buyback program, which authorizes the company to repurchase $1.00 billion in outstanding shares on Tuesday, September 5th, EventVestor reports. The stock of MGM Resorts International (NYSE:MGM) has "Buy" rating given on Wednesday, April 5 by Goldman Sachs.

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Several analysts have issued reports on the company. MGM Resorts International (NYSE:MGM) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. Stifel Nicolaus increased their price target on MGM Resorts International from $30.00 to $33.00 and gave the company a "buy" rating in a research note on Tuesday, November 8th. J P Morgan Chase & Co reissued an "overweight" rating and issued a $39.00 price target on shares of MGM Resorts International in a research note on Friday.

MGM Resorts International has a consensus outperform rating from 17 Wall Street analysts, and the number of shares now sold short amount to at least 5.31% of shares outstanding. One investment analyst has rated the stock with a hold rating and twenty-four have issued a buy rating to the company. 19,855 shares valued at $615,686 were sold by SANDERS COREY IAN on Monday, May 1. The stock was sold at an average price of $33.63, for a total transaction of $553,078.98. Three Peaks Capital Management, LLC now owns 355,993 shares valued at $11,139,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Alexis Herman sold 3,745 shares of the firm's stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $32.51, for a total transaction of $121,749.95. About 546,419 shares traded. The disclosure for this sale can be found here. 880 shares were sold by Mckinney-James Rose, worth $27,236 on Wednesday, May 3. A statistical measure of the dispersion of returns (volatility) for MGM producing salvation in Investors mouth, it has week volatility of 2.83% and for the month booked as 2.38%.



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