MGM Resorts International (NYSE:MGM)‘s stock had its “buy” rating reaffirmed by stock analysts at Instinet in a research report issued on Monday.

MGM has been the topic of a number of other reports. UBS AG reissued a “buy” rating on shares of MGM Resorts International in a research note on Tuesday, April 11th. Deutsche Bank AG boosted their price objective on MGM Resorts International from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Telsey Advisory Group reissued an “outperform” rating and issued a $36.00 price objective (up from $32.00) on shares of MGM Resorts International in a research note on Thursday, April 27th. CLSA reissued an “outperform” rating on shares of MGM Resorts International in a research note on Friday, April 28th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $34.00 price objective (up from $33.00) on shares of MGM Resorts International in a research note on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twenty have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $34.19.

MGM Resorts International (MGM) traded down 0.19% during midday trading on Monday, reaching $31.85. The company had a trading volume of 4,302,930 shares. MGM Resorts International has a 12-month low of $22.87 and a 12-month high of $34.34. The company has a market capitalization of $18.31 billion, a PE ratio of 14.80 and a beta of 1.47. The stock has a 50-day moving average price of $32.27 and a 200 day moving average price of $29.29.

MGM Resorts International (NYSE:MGM) last announced its earnings results on Thursday, April 27th. The company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.12. The firm had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.63 billion. MGM Resorts International had a return on equity of 7.76% and a net margin of 12.25%. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.16 EPS. Equities analysts forecast that MGM Resorts International will post $1.27 EPS for the current year.

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In other MGM Resorts International news, Director Rose Mckinney-James sold 880 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $30.95, for a total transaction of $27,236.00. Following the completion of the sale, the director now directly owns 100 shares of the company’s stock, valued at approximately $3,095. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Corey Ian Sanders sold 21,441 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $31.60, for a total value of $677,535.60. Following the sale, the chief operating officer now directly owns 210,558 shares of the company’s stock, valued at $6,653,632.80. The disclosure for this sale can be found here. Insiders have sold a total of 83,070 shares of company stock valued at $2,591,372 over the last three months. Corporate insiders own 12.20% of the company’s stock.

Hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of MGM Resorts International by 9,411.8% in the first quarter. BlackRock Inc. now owns 22,704,066 shares of the company’s stock worth $622,092,000 after buying an additional 22,465,373 shares in the last quarter. Harris Associates L P raised its stake in shares of MGM Resorts International by 40.7% in the first quarter. Harris Associates L P now owns 23,573,669 shares of the company’s stock worth $645,919,000 after buying an additional 6,814,070 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of MGM Resorts International by 8.4% in the first quarter. Vanguard Group Inc. now owns 39,845,368 shares of the company’s stock worth $1,091,763,000 after buying an additional 3,096,490 shares in the last quarter. Canyon Capital Advisors LLC raised its stake in shares of MGM Resorts International by 19.3% in the first quarter. Canyon Capital Advisors LLC now owns 17,818,760 shares of the company’s stock worth $488,234,000 after buying an additional 2,877,500 shares in the last quarter. Finally, Janus Capital Management LLC raised its stake in shares of MGM Resorts International by 297.5% in the first quarter. Janus Capital Management LLC now owns 2,876,597 shares of the company’s stock worth $78,819,000 after buying an additional 2,152,863 shares in the last quarter. 73.66% of the stock is owned by hedge funds and other institutional investors.

About MGM Resorts International

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.

Analyst Recommendations for MGM Resorts International (NYSE:MGM)

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