MGM Resorts International (NYSE:MGM) EVP Robert Selwood sold 10,046 shares of the company’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $31.56, for a total transaction of $317,051.76. Following the completion of the transaction, the executive vice president now directly owns 116,743 shares in the company, valued at approximately $3,684,409.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of MGM Resorts International (NYSE:MGM) traded up 0.70% during trading on Friday, hitting $31.82. 3,612,149 shares of the company’s stock were exchanged. The stock has a market cap of $18.29 billion, a P/E ratio of 14.79 and a beta of 1.66. MGM Resorts International has a one year low of $21.31 and a one year high of $32.28. The firm has a 50-day moving average price of $29.96 and a 200-day moving average price of $28.56.

MGM Resorts International (NYSE:MGM) last released its quarterly earnings data on Thursday, April 27th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.12. The company had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.63 billion. MGM Resorts International had a net margin of 3.15% and a return on equity of 6.45%. The firm’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.16 EPS. Equities research analysts expect that MGM Resorts International will post $1.27 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for MGM Resorts International (NYSE:MGM)

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Friday, June 9th will be given a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $0.44 annualized dividend and a dividend yield of 1.38%.

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Large investors have recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of MGM Resorts International by 15.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,521 shares of the company’s stock valued at $129,000 after buying an additional 606 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of MGM Resorts International by 0.7% in the first quarter. IFP Advisors Inc now owns 4,558 shares of the company’s stock valued at $125,000 after buying an additional 31 shares during the last quarter. Toronto Dominion Bank boosted its stake in shares of MGM Resorts International by 28.0% in the first quarter. Toronto Dominion Bank now owns 5,020 shares of the company’s stock valued at $138,000 after buying an additional 1,099 shares during the last quarter. Pacad Investment Ltd. acquired a new stake in shares of MGM Resorts International during the fourth quarter valued at $199,000. Finally, IFM Investors Pty Ltd acquired a new stake in shares of MGM Resorts International during the fourth quarter valued at $200,000. 71.92% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently commented on the company. Goldman Sachs Group Inc reissued a “buy” rating and issued a $36.00 target price on shares of MGM Resorts International in a research note on Tuesday, March 28th. Barclays PLC reduced their target price on MGM Resorts International from $32.00 to $31.00 and set an “overweight” rating on the stock in a research note on Thursday, March 23rd. Instinet reissued a “buy” rating and issued a $35.00 target price on shares of MGM Resorts International in a research note on Tuesday, February 7th. Wolfe Research reissued an “outperform” rating on shares of MGM Resorts International in a research note on Tuesday, March 28th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $36.00 target price (up previously from $32.00) on shares of MGM Resorts International in a research note on Thursday, April 27th. Two research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $33.87.

MGM Resorts International Company Profile

MGM Resorts International is a holding company. The Company, through its subsidiaries, owns and operates casino resorts. 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.

12 Month Chart for NYSE:MGM

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