Published: Thu, October 12, 2017
Business | By Max Garcia

Analysts Recommended this Stock: MGM Resorts International (MGM)


Patriot Wealth holds 1.22% of its portfolio in MGM Resorts International (NYSE:MGM) for 232,681 shares. Aberdeen Asset Management Public Ltd Company Uk owns 51,254 shares. It fall, as 45 investors sold MGM Resorts International shares while 137 reduced holdings.

MGM Resorts International (MGM) closed its previous trading session at $30.81 with the loss of 0%.

Gates Capital Management Inc increased Gcp Applied Technologies Inc stake by 894,698 shares to 4.33 million valued at $132.06M in 2017Q2. Shares are now up over the past year, outperforming the broad market by -100% and underperformed a peer group of similar companies by -73%. The stock exchanged hands with 9,083,849 numbers of shares compared to its average daily volume of 10.30M shares. $370,375 worth of MGM Resorts International (NYSE:MGM) was sold by Mandekic Anthony Leo on Monday, May 1. Manufacturers Life Com The invested in 15,454 shares or 0% of the stock. MGM's profit would be $195.53M giving it 22.38 P/E if the $0.34 EPS is correct. (NYSE:KR) puts the stock on today's active list. Morgan Stanley accumulated 3.46 million shares. Telsey Advisory Group maintained the stock with "Outperform" rating in Friday, July 28 report.

MGM Resorts International (MGM) lies in the lower of a wide and falling trend in the short term, and this will normally pose a very good buying opportunity. Stifel Nicolaus maintained it with "Buy" rating and $30 target in Thursday, June 9 report. The firm earned "Hold" rating on Wednesday, August 5 by Zacks.

WARNING: This article was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of United States & global copyright law. IFM Investors Pty Ltd acquired a new stake in MGM Resorts International during the fourth quarter worth approximately $200,000. The company has a market cap of $17.96 billion, a P/E ratio of 14.52 and a beta of 1.66. MGM Resorts International (NYSE:MGM) has risen 45.28% since October 10, 2016 and is uptrending. On technical aspect, moving averages may help to distinguish path of dispositions, and they may also be used to set degrees of support and resistance. Omega has invested 2.32% in MGM Resorts International (NYSE:MGM).

Analysts are also projecting an Average Revenue Estimate for MGM Resorts International as $2.77 Million in the Current Quarter. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.67 billion. MGM Resorts International (NYSE:MGM) has risen 45.28% since October 11, 2016 and is uptrending. Insiders own 12.20% of the company's stock. During the same quarter previous year, the firm posted $0.29 EPS.

MGM Resorts International (MGM) now has a Return on Assets (ROA) value of 3.5 Percent.

MGM Resorts International declared that its board has authorized a stock repurchase plan on Tuesday, September 5th that permits the company to buyback $1.00 billion in shares. The rating was maintained by Nomura on Wednesday, October 5 with "Buy". The rating was maintained by Telsey Advisory Group with "Outperform" on Friday, July 28. The firm earned "Overweight" rating on Tuesday, October 13 by JP Morgan. This represents a $0.44 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Friday, September 8th.

Pictet Asset Management Ltd. raised its position in MGM Resorts International (NYSE:MGM) by 2.1% during the first quarter, Holdings Channel reports. The stock was sold at an average price of $31.88, for a total transaction of $95,640.00. Shares for $615,686 were sold by SANDERS COREY IAN on Monday, May 1. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. $181,743 worth of MGM Resorts International (NYSE:MGM) shares were sold by BIBLE WILLIAM A. Another trade for 880 shares valued at $27,236 was sold by Mckinney-James Rose. The stock was sold at an average price of $33.83, for a total value of $104,771.51. Another trade for 10,046 shares valued at $317,052 was made by SELWOOD ROBERT on Thursday, May 25. The disclosure for this purchase can be found here. Inside the closing six months period the stock's performance raised 9.82% while overall yearly performance gained 13.59%. The Firm operates in two divisions: domestic resorts and MGM China. The Firm operates through six business divisions: office real estate, includes property which is primarily used by commercial tenants; retail real estate, includes property comprising primarily high street retail or shopping centers, together with leisure assets; industrial real estate, property for the goal of manufacturing and distribution; residential real estate; loans secured by real estate, and hotels, includes ownership and management of hotels; Fairmont St Andrews Hotel and Portmarnock Hotel (Ireland). These ratios are other measures of operational efficiency and performance.

A number of other analysts have also recently weighed in on MGM.

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