UBS AG Downgrades MGM Resorts International (MGM) to Neutral

Telsey Advisory Group maintained the shares of MGM in report on Tuesday, January 17 with "Outperform" rating.

10/03/2017 - MGM Resorts International was downgraded to "neutral" by analysts at Susquehanna. Raymond James Financial Services Advisors Inc. lifted its position in shares of MGM Resorts International by 44.1% during the 2nd quarter. On September 11 the company was set at "Hold" by Deutsche Bank a cut from the previous "Buy" rating. The company now has an average rating of "Buy" and an average price target of $33.87.

Since the beginning of the calendar year, the stock is 3.83%. The shares were sold at an average price of $34.08, for a total value of $10,024,632.00. The stock declined 0.70% or $0.21 reaching $29.86 per share. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The stock was sold at an average price of $33.86, for a total transaction of $1,365,404.50. Following the completion of the sale, the insider now directly owns 145,105 shares of the company's stock, valued at $4,807,328.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 819,831 shares of company stock worth $27,686,927. Insiders own 12.20% of the company's stock. Laurion Capital Management LP now owns 68,500 shares of the company's stock valued at $1,877,000 after buying an additional 1,568,500 shares during the period. MGM Resorts International's revenue was up 16.4% compared to the same quarter past year. Raymond James Financial Services Advisors Inc. boosted its position in shares of MGM Resorts International by 0.4% in the first quarter. Moreover, Broad Run Investment Management Llc has 1.21% invested in the company for 1.58 million shares. Following the transaction, the chief accounting officer now directly owns 197,993 shares in the company, valued at $6,704,042.98. Institutional investors and hedge funds own 75.20% of the company's stock.

Mandekic Anthony Leo also sold $370,375 worth of MGM Resorts International (NYSE:MGM) shares. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable.

The highest price MGM stock touched in the last 12 month was $34.65 and the lowest price it hit in the same period was $25.15. TAYLOR DANIEL J sold $369,247 worth of MGM Resorts International (NYSE:MGM) on Monday, May 1. Looking at a shorter time period, shares have been seen -3.68% away from the 50 day high and 14.47% off the 50 day low price.

MGM Resorts International (NYSE:MGM) last released its earnings results on Thursday, July 27th.

EPS Estimate for the next Quarter is 0.35. MGM Resorts International had a return on equity of 7.97% and a net margin of 9.26%. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.67 billion. They expect $0.27 earnings per share, down 15.63% or $0.05 from last year's $0.32 per share. The business's quarterly revenue was up 16.4% compared to the same quarter a year ago.

If we look at the Volatility of MGM Resorts International (MGM), Week Volatility is 2.04%, whereas Month Volatility is at 2.08%. This buyback authorization allows the company to reacquire up to 5.3% of its shares through open market purchases. Elk Creek Partners LLC now owns 16,844 shares of the company's stock valued at $462,000 after buying an additional 1,484 shares during the period. Additionally MGM Resorts International declared a dividend paid on Friday September 15th, 2017. SANDERS COREY IAN had sold 19,855 shares worth $615,686 on Monday, May 1. Stockholders of record on Friday, June 9th will be issued a $0.11 dividend. MGM Resorts International's dividend payout ratio (DPR) is presently 26.04%.

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MGM Resorts International is a holding company.

MGM Resorts International's insider ownership stands at 10.1 percent, while its insider transaction is -1.14 percent. The Company operates in two segments: domestic resorts and MGM China. Its domestic resorts segment consists of non-gaming operations, including hotel, food and beverage, entertainment and other non-gaming amenities.

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