MGM Resorts International (MGM) Raised to "B" at TheStreet

Cornelia Mascio
Novembre 25, 2017

Currently, MGM Resorts International (NYSE:MGM) has an average volume of 8.09 Million. Its down 0.22, from 1.23 in 2017Q1.

MGM Resorts International (NYSE:MGM)' stock is holding above their moving averages, indicating a postitive uptrend for Services company.

The following firms have recently changed their position in MGM. World Asset Management Inc grew its stake in MGM Resorts International by 0.5% during the 2nd quarter. The return on assets stands at 2.1%, Return on Equity now is 9.3% and the Return on Investment value is 10.7%. Calamos Wealth Management LLC now owns 52,540 shares of the company's stock valued at $1,644,000 after acquiring an additional 257 shares in the last quarter. Nordea Investment Management AB grew its stake in MGM Resorts International by 3.2% during the 2nd quarter. Toronto Dominion Bank grew its stake in MGM Resorts International by 12.4% during the 2nd quarter.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. The company moved in the past week with shift of 1.70%. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & worldwide copyright & trademark law.

Public Employees Retirement System Of Ohio reports that it sold 6,794 shares during the last quarter decreasing its stake in MGM Resorts International (MGM) by 1.5%. The stock is now moving above its 20-Day Simple Moving Average of 4.38% with a 50-Day Simple Moving Average of 5.72 percent.

For the current quarter, 11 analysts are projecting a mean EPS of $0.11/share. The company was initiated on Friday, December 16 by Goldman Sachs. Baker Avenue Asset LP invested in 0.05% or 12,705 shares. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.32%. MGM Resorts International's dividend payout ratio is presently 43.14%. The company operates in the Consumer Cyclical sector with a market capitalization of 18.94 Million. This buyback authorization allows the company to reacquire up to 5.3% of its stock through open market purchases. Royal National Bank & Trust Of Canada owns 3.04M shares for 0.05% of their portfolio. Prudential Plc sold 192,797 shares as Mgm Resorts Intl (MGM)'s stock rose 17.48%. The shares were acquired at an average price of $26.74 per share, with a total value of $30,751.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

It is down 0.00% since November 24, 2016 and is. The shares were sold at an average price of $32.56, for a total transaction of $2,005,696.00.

The company now has an insider ownership of 10.3 Percent and Institutional ownership of 85.6 Percent. The disclosure for this sale can be found here.

Investors are a little more bullish on shares of the company of late looking at the downtick in short interest.

Morgan Stanley released research on MGM with a rating of "Buy" and establishing a price target of $34.00.

Among 15 analysts covering MGM Resorts (NYSE:MGM), 11 have Buy rating, 0 Sell and 4 Hold. Nomura decreased their target price on shares of MGM Resorts International from $38.00 to $37.00 and set a "buy" rating on the stock in a report on Wednesday, November 1st. Finally, UBS AG lowered shares of MGM Resorts International from a "positive" rating to a "neutral" rating in a report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The company has a consensus rating of "Buy" and an average target price of $36.50. Invesco has 0% invested in MGM Resorts International (NYSE:MGM) for 430,235 shares.

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