MGM Resorts International EVP Phyllis James Sells 4,875 Shares (MGM)
MGM Resorts International (NYSE:MGM) EVP Phyllis James sold 4,875 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $25.00, for a total transaction of $121,875.00. Following the completion of the transaction, the executive vice president now directly owns 7,921 shares in the company, valued at approximately $198,025. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on MGM. Analysts at Zacks reiterated an “outperform” rating on shares of MGM Resorts International in a research note on Friday. They now have a $30.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of MGM Resorts International in a research note on Monday, August 11th. They now have a $33.50 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of MGM Resorts International in a research note on Wednesday, August 6th. They now have a $31.00 price target on the stock, down previously from $32.00. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $30.17.
MGM Resorts International (NYSE:MGM) traded down 0.76% on Monday, hitting $24.89. The stock had a trading volume of 5,086,962 shares. MGM Resorts International has a 52 week low of $17.30 and a 52 week high of $28.75. The stock has a 50-day moving average of $25.68 and a 200-day moving average of $25.57. The company has a market cap of $12.215 billion and a price-to-earnings ratio of 85.60.
MGM Resorts International (NYSE:MGM) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.10. The company had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts predict that MGM Resorts International will post $0.62 earnings per share for the current fiscal year.
MGM Resorts International is a holding company. The Company is a hospitality company. The Company’s primary business is the ownership and operation of casino resorts, which includes offering gaming, hotel, convention, dining, entertainment, retail and other resort amenities.
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