Economy

MGM Resorts International Sees Unusually High Options Volume (NYSE:MGM)

MGM Resorts International Sees Unusually High Options Volume (NYSE:MGM)”

Calamos Advsr Ltd has 0.05% invested in MGM Resorts International (NYSE:MGM). Stock investors acquired 11,909 put options on the company. MGM Resorts International accounts for 1.7% of Hosking Partners LLP's holdings, making the stock its 13th largest holding. Its down 0.33, from 1.83 in 2016Q3. DekaBank Deutsche Girozentrale now owns 31,524 shares of the company's stock valued at $892,000 after acquiring an additional 18,512 shares in the last quarter. It fall, as 31 investors sold MGM Resorts International shares while 121 reduced holdings. Robert Baldwin, CHIEF CUSTOMER DEV OFFICER sold $1,629,300 worth of shares at an average price of $33.13 on Monday the 11th. The sale was disclosed in a filing with the SEC, which is available through this link. They now have $36.00 target price on the stock. After $0.31 actual earnings per share reported by MGM Resorts International for the previous quarter, Wall Street now forecasts 9.68% EPS growth. MGM Resorts International (MGM) has $18.36B valuation. Moreover, Morgan Stanley has 0.02% invested in MGM Resorts International (NYSE:MGM).

Several equities research analysts recently weighed in on the company. The disclosure for this sale can be found here. Comerica Bankshares holds 0.01% in MGM Resorts International (NYSE:MGM) or 26,896 shares. The Germany-based Dekabank Deutsche Girozentrale has invested 0% in MGM Resorts International (NYSE:MGM). 07, 2017, the great number of shares disposed came courtesy the EXECUTIVE VICE PRESIDENT & CFO; D'Arrigo Daniel disposed a total of 30,318 shares at an average price of $34.12, amounting to approximately $1,034,450.

Among 3 analysts covering MEI Pharma (NASDAQ:MEIP), 1 have Buy rating, 0 Sell and 2 Hold. More interesting news about MGM Resorts International (NYSE:MGM) were released by: Nasdaq.com and their article: "Ex-Dividend Reminder: James River Group Holdings, Chico's FAS and MGM Resorts ..." published on September 06, 2017 as well as Prnewswire.com's news article titled: "MGM Resorts International Announces Stock Purchase Agreement With Tracinda ..." with publication date: September 12, 2017. Lindekugel Jon T also sold $256,388 worth of 3M Co (NYSE:MMM) shares. After this sale, 850,290 common shares of MGM are directly owned by the insider, with total stake valued at $27,141,257. Telsey Advisory Group increased their target price on MGM Resorts International from $36.00 to $39.00 and gave the company an outperform rating in a report on Friday, July 28th. If you are reading this report on another publication, it was stolen and republished in violation of US & worldwide copyright and trademark legislation. IFP Advisors Inc now owns 4,558 shares of the company's stock worth $125,000 after buying an additional 31 shares in the last quarter. On Monday, May 1 BIBLE WILLIAM A sold $181,743 worth of MGM Resorts International (NYSE:MGM) or 5,906 shares. The United Kingdom-based Hsbc Holdg Pcl has invested 0.01% in MGM Resorts International (NYSE:MGM). Pacad Investment Ltd. bought a new stake in MGM Resorts International during the 2nd quarter worth about $169,000.

MGM Resorts International announced that its board has approved a share repurchase program on Tuesday, September 5th that allows the company to buyback $1.00 billion in shares. It also reduced its holding in Eog Res Inc Com (NYSE:EOG) by 133,763 shares in the quarter, leaving it with 1.54 million shares, and cut its stake in Maxlinear Inc Cl A (NYSE:MXL).

Among 13 analysts covering MGM Resorts (NYSE:MGM), 11 have Buy rating, 0 Sell and 2 Hold. During the same quarter a year ago, the firm earned $0.29 EPS. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.41 average brokerage recommendation. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.03. The rating was downgraded by Deutsche Bank on Monday, September 11 to "Hold". The ex-dividend date was Friday, September 8th.

Lord Abbett & Company, which manages about $32.94 billion US Long portfolio, decreased its stake in Vail Resorts Inc Com (NYSE:MTN) by 288,018 shares to 118,508 shares, valued at $19.12 million in 2016Q4, according to the filing. Ascend Limited Company has invested 0.57% in MGM Resorts International (NYSE:MGM). The Company operates in two segments: domestic resorts and MGM China.



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