Robeco Institutional Asset Management B.V. Has $2.23 Million Stake in MGM Resorts International (NYSE:MGM)

Robeco Institutional Asset Management B.V. lessened its stake in shares of MGM Resorts International (NYSE:MGM) by 60.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 64,222 shares of the company’s stock after selling 98,898 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in MGM Resorts International were worth $2,225,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. KBC Group NV lifted its position in shares of MGM Resorts International by 3,041.1% during the 4th quarter. KBC Group NV now owns 388,047 shares of the company’s stock worth $13,446,000 after purchasing an additional 375,693 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in MGM Resorts International during the fourth quarter valued at about $175,000. Regatta Capital Group LLC raised its stake in shares of MGM Resorts International by 5.8% in the fourth quarter. Regatta Capital Group LLC now owns 18,617 shares of the company’s stock valued at $645,000 after purchasing an additional 1,025 shares in the last quarter. Global Trust Asset Management LLC acquired a new position in shares of MGM Resorts International in the 4th quarter valued at $28,000. Finally, MCF Advisors LLC boosted its holdings in MGM Resorts International by 20.4% during the fourth quarter. MCF Advisors LLC now owns 22,075 shares of the company’s stock valued at $765,000 after purchasing an additional 3,744 shares in the last quarter. Institutional investors own 68.11% of the company’s stock.

Insider Buying and Selling

In other MGM Resorts International news, Director Keith A. Meister sold 51,000 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $36.57, for a total value of $1,865,070.00. Following the transaction, the director now directly owns 5,687,478 shares in the company, valued at $207,991,070.46. The trade was a 0.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.13% of the stock is currently owned by corporate insiders.

MGM Resorts International Stock Performance

Shares of MGM stock opened at $34.13 on Tuesday. The stock has a market cap of $10.16 billion, a P/E ratio of 12.19, a P/E/G ratio of 2.93 and a beta of 2.21. The company has a fifty day moving average price of $34.71 and a two-hundred day moving average price of $37.19. MGM Resorts International has a one year low of $31.61 and a one year high of $48.24. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.24 and a quick ratio of 1.21.

Analyst Ratings Changes

A number of equities analysts have commented on MGM shares. Mizuho reduced their price target on shares of MGM Resorts International from $57.00 to $56.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Wells Fargo & Company cut their target price on shares of MGM Resorts International from $53.00 to $47.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. BTIG Research cut MGM Resorts International from a “buy” rating to a “neutral” rating in a research note on Monday. Morgan Stanley upped their target price on shares of MGM Resorts International from $43.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Finally, Jefferies Financial Group cut their price objective on MGM Resorts International from $52.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $51.93.

MGM Resorts International Profile

MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and internationally. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.