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.

WARNING: This article was published by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and worldwide trademark & copyright laws. The correct version of this news story can be viewed at

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%.

Like this



15 September 2017
Omers Administration Corp Upped Transcanada Corp (TRP) Position by $112.50 Million
The stock of TransCanada Corporation (USA) (NYSE:TRP) has "Buy" rating given on Thursday, September 1 by Bank of America. The Karpus Management Inc holds 1.35M shares with $18.24 million value, up from 1.33 million last quarter.

15 September 2017
Maryland middle school teacher caught in sting targeting child predators
Police believe they have identified other victims who may have had contact with Fischer in Northern Virginia as well as Maryland. The agencies found various electronic and digital data storage that was turned over to investigators in Virginia.

15 September 2017
Shares in Tiffany & Co. (TIF) Acquired by Allen Investment Management LLC
Zurcher Kantonalbank Zurich Cantonalbank's holdings in Tiffany & Co. were worth $2,254,000 as of its most recent SEC filing. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link .

15 September 2017
Most Recent Analysts Ratings Eldorado Gold Corporation (EGO)
They may also be used to assist the trader figure out proper support and resistance levels for the stock. Covering sell-side analysts have recently weighed in on shares of Eldorado Gold Corporation (NYSE:EGO).

15 September 2017
Artisan Partners Limited Partnership Increases Stake in Comcast Corporation (NASDAQ:CMCSA)
Finally, BidaskClub lowered Comcast Corporation from a "buy" rating to a "hold" rating in a research report on Friday, June 23rd. Two equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock.

15 September 2017
Here's how analysts see Biogen Inc (NASDAQ:BIIB) after this past week
The biotechnology company reported $5.04 earnings per share for the quarter, beating the consensus estimate of $4.36 by $0.68. The biotechnology company reported $5.04 EPS for the quarter, topping the consensus estimate of $4.36 by $0.68.

15 September 2017
Daddy/Daughter time! Khloe Kardashian shares adorable new photo of Rob & Dream Kardashian
If that fails, we will go forward with the hearing on September 18 so that the court will impose long-term consequences on Mr. Earlier this week, a source told PEOPLE that the ex-fiancés have not been able to reach a custody agreement over Dream.

15 September 2017
Stock You May Need To Reconsider: Sirius XM Holdings Inc. (SIRI)
If we look at the Volatility of Sirius XM Holdings Inc . (NASDAQ: SIRI ) can give useful insight into how the stock is performing. The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $25.32B.

15 September 2017
No release clause for Liverpool target Timo Werner
Werner, 21, struck 21 Bundesliga goals during the 2016-17 season and already has three to his name this term. If I do not extend now, that does not mean that I switch [clubs] in the summer.

15 September 2017
Long term Growth Analysis of Boston Scientific Corporation (NYSE:BSX)
On average, analysts forecast that Boston Scientific Corporation will post $1.26 earnings per share for the current fiscal year. The stock of BlackBerry Ltd (NASDAQ:BBRY) has "Sector Perform" rating given on Monday, September 28 by RBC Capital Markets.