Avise Financial Cooperative Inc. Invests $564,000 in MGM Resorts International $MGM

Avise Financial Cooperative Inc. acquired a new position in shares of MGM Resorts International (NYSE:MGM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 15,470 shares of the company’s stock, valued at approximately $564,000.

Several other institutional investors also recently modified their holdings of the company. Davis Selected Advisers increased its stake in shares of MGM Resorts International by 12.0% during the 4th quarter. Davis Selected Advisers now owns 26,820,202 shares of the company’s stock worth $978,669,000 after purchasing an additional 2,866,750 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of MGM Resorts International by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 23,782,004 shares of the company’s stock worth $867,805,000 after purchasing an additional 205,127 shares during the last quarter. AQR Capital Management LLC grew its stake in MGM Resorts International by 202.5% in the 3rd quarter. AQR Capital Management LLC now owns 8,446,982 shares of the company’s stock valued at $292,772,000 after buying an additional 5,654,757 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in MGM Resorts International by 81.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 7,642,060 shares of the company’s stock valued at $264,874,000 after buying an additional 3,429,946 shares during the last quarter. Finally, Invesco Ltd. grew its stake in MGM Resorts International by 3.4% in the 3rd quarter. Invesco Ltd. now owns 5,940,465 shares of the company’s stock valued at $205,897,000 after buying an additional 194,114 shares during the last quarter. 68.11% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting MGM Resorts International

Here are the key news stories impacting MGM Resorts International this week:

• Positive Sentiment: People Inc. disclosed a proposed $18 billion bid to buy the remaining MGM Resorts shares for $48.30 each in cash, boosting takeover speculation and investor interest in MGM. Barry Diller’s People Makes Move To Take Casino Giant MGM Private
• Positive Sentiment: UBS raised its price target on MGM Resorts International to $50 from $39, signaling improved valuation expectations even while keeping a neutral rating. Read More.
• Positive Sentiment: BetMGM announced a summer promotion tied to the 2026 World’s Game, highlighting continued marketing push and customer engagement for MGM’s online betting business. BetMGM to Award $500,000 in Bonus Bets for Every U.S. Goal During 2026 World’s Game
• Neutral Sentiment: MGM also promoted a season-long summer events lineup across its Las Vegas properties, which may support visitation but is more of a marketing update than a major financial catalyst. MGM Resorts Sets Ultimate Summer Stage for Spectacle, Sports and Sun in Las Vegas
• Neutral Sentiment: Several analyst- and media-driven items referenced MGM as a casino stock to watch, but these appear to be general coverage rather than company-specific operational news. Top Casino Stocks To Research – June 1st
• Negative Sentiment: Earlier reports noted volatility and overvaluation concerns after a recent run-up, suggesting some investors may be cautious despite the takeover buzz. MGM Resorts International (MGM) Stock Down 4.6% but Still Overvalued

Insider Transactions at MGM Resorts International

In other news, Director Daniel J. Taylor sold 6,675 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $38.44, for a total transaction of $256,587.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Keith A. Meister sold 37,500 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $34.27, for a total transaction of $1,285,125.00. Following the sale, the director directly owned 5,347,978 shares of the company’s stock, valued at approximately $183,275,206.06. This trade represents a 0.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.38% of the stock is currently owned by insiders.

MGM Resorts International Stock Performance

NYSE MGM opened at $47.95 on Friday. The firm has a 50-day moving average price of $38.99 and a two-hundred day moving average price of $36.72. MGM Resorts International has a 12-month low of $29.18 and a 12-month high of $51.59. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 1.93. The company has a market capitalization of $12.27 billion, a P/E ratio of 66.59 and a beta of 1.31.

MGM Resorts International (NYSE:MGM) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.07). MGM Resorts International had a return on equity of 24.43% and a net margin of 1.03%.The firm had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.37 billion. During the same period last year, the company posted $0.69 EPS. The business’s revenue was up 4.2% on a year-over-year basis. Analysts anticipate that MGM Resorts International will post 2.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MGM. JPMorgan Chase & Co. upgraded shares of MGM Resorts International from a “neutral” rating to an “overweight” rating and set a $46.00 price target on the stock in a research note on Wednesday, May 27th. Morgan Stanley reiterated an “underweight” rating on shares of MGM Resorts International in a research note on Monday. Wells Fargo & Company upped their price target on shares of MGM Resorts International from $30.00 to $33.00 and gave the company an “underweight” rating in a research note on Thursday, April 30th. Mizuho decreased their price target on shares of MGM Resorts International from $62.00 to $59.00 and set an “outperform” rating on the stock in a research note on Monday, April 27th. Finally, Stifel Nicolaus decreased their price target on shares of MGM Resorts International from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $49.76.

MGM Resorts International Profile

MGM Resorts International is a leading global hospitality and entertainment company that develops, owns and operates destination resorts, hotels and casinos. Its properties feature integrated gaming floors alongside luxury accommodations, fine dining and retail outlets, live entertainment venues and convention facilities. The company also offers loyalty programs, sports betting and digital gaming experiences to enhance guest engagement and drive repeat visitation.

The company traces its heritage to the opening of the original MGM Grand Hotel & Casino on the Las Vegas Strip in 1973.