MGM Resorts International (NYSE:MGM) Stake Decreased by Korea Investment CORP

Baker Avenue Asset Mgmt Limited Partnership holds 0.05% of its portfolio in MGM Resorts International (NYSE:MGM) for 12,705 shares. The firm owned 432,146 shares of the company's stock after purchasing an additional 25,773 shares during the quarter. Its investment was worth $18,099,000 an increase of 0.5% according to the filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company.

Over the past five trading sessions shares of MGM Resorts International (NYSE:MGM) are 4.26%; 11.16% for the month; 4.65% for the last quarter; 2.67% for the past six-months; and 20.22% for the last 12 months. Toronto Dominion Bank now owns 5,644 shares of the company's stock valued at $177,000 after purchasing an additional 624 shares in the last quarter.

MGM Resorts International (MGM) opened the session with a $32.68 price tag, later ranging from $32.63 to $33.41, the range at which the stock has traded at throughout the day. Advisor Group Inc. now owns 24,967 shares of the company's stock valued at $780,000 after acquiring an additional 6,509 shares in the last quarter. The correct version of this article can be read at As of the end of the quarter Three Peaks Capital Management, LLC had disposed of a total of 9,085 shares trimming its holdings by 2.6%. 21,441 MGM Resorts International (NYSE:MGM) shares with value of $677,570 were sold by SANDERS COREY IAN. State Street Corp now owns 8,934,495 shares of the company's stock worth $279,564,000 after purchasing an additional 92,329 shares during the period.

Several firms have shifted positions in (MGM). Employees Retirement Sys Of Texas reported 0.11% in MGM Resorts International (NYSE:MGM). MGM Resorts International has a 1-year low of $16.18 and a 1-year high of $27.04. The firm has a market cap of $18,614.63, a P/E ratio of 29.10, a PEG ratio of 7.47 and a beta of 1.42. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 1.26.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Barclays Public Ltd invested in 0.12% or 3.50 million shares. As of the last earnings report the EPS was $1.02 with 566.14M shares presently outstanding. Pub Employees Retirement Association Of Colorado has invested 0.02% in MGM Resorts International (NYSE:MGM).

MGM Resorts International announced that its Board of Directors has approved a share buyback program on Tuesday, September 5th that permits the company to repurchase $1.00 billion in shares. Over the last quarter, insiders have sold 698,548 shares of company stock worth $23,770,532. Roth Capital began coverage on shares of MGM Resorts International in a research report on Wednesday, October 25th. The stock recovered 31.45% since its low point and has performed 14.67% year-to-date. The stock was sold at an average price of $34.19, for a total value of $8,881,194.40. Following the completion of the transaction, the chief executive officer now directly owns 71,442 shares of the company's stock, valued at approximately $2,442,601.98. The disclosure for this sale can be found here. Company insiders own 12.20% of the company's stock. Comerica Bancorporation has invested 0.01% in MGM Resorts International (NYSE:MGM). If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and worldwide copyright and trademark laws. Its subsidiaries include Blue Tarp reDevelopment, LLC, Mandalay Resort Group and MGM CC, LLC.

Brokerage firms have issued ratings on MGM recently. Instinet reiterated a "buy" rating and set a $40.00 price objective on shares of MGM Resorts International in a research note on Tuesday, October 3rd. Goldman Sachs maintained the shares of MGM in report on Wednesday, April 5 with "Buy" rating. It has been assigned a low target price of $32 and a high target price of $41. Nomura dropped their price target on shares of MGM Resorts International from $38.00 to $37.00 and set a "buy" rating for the company in a research note on Wednesday, November 1st. Zacks Investment Research raised MGM Resorts International from a "hold" rating to a "buy" rating and set a $26.00 price objective for the company in a report on Tuesday, July 12th. One research analyst has rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. MGM Resorts International now has a consensus rating of "Buy" and a consensus target price of $36.50. Massachusetts-based Massachusetts Fincl Svcs Ma has invested 0.01% in MGM Resorts International (NYSE:MGM). The Company owns and operates casino resorts. The Company's residential real estate segment plans and develops primary residential and resort residential communities of various sizes on its existing land. It makes investments in its resorts through remodeled hotel rooms, restaurants, entertainment and nightlife offerings, as well as other features and amenities.

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