Roundview Capital LLC purchased a new stake in MGM Resorts International (NYSE:MGM) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 15,851 shares of the company’s stock, valued at approximately $529,000.

Other institutional investors have also recently modified their holdings of the company. Assenagon Asset Management S.A. bought a new stake in shares of MGM Resorts International in the third quarter valued at about $87,164,000. Janus Henderson Group PLC lifted its holdings in shares of MGM Resorts International by 1,978.3% in the second quarter. Janus Henderson Group PLC now owns 1,106,856 shares of the company’s stock valued at $34,634,000 after purchasing an additional 1,053,597 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of MGM Resorts International by 5.1% in the third quarter. Asset Management One Co. Ltd. now owns 712,424 shares of the company’s stock valued at $23,209,000 after purchasing an additional 34,625 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of MGM Resorts International by 44.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 49,284 shares of the company’s stock valued at $1,542,000 after purchasing an additional 15,071 shares in the last quarter. Finally, Cadence Capital Management LLC bought a new stake in shares of MGM Resorts International in the third quarter valued at about $351,000. Institutional investors own 81.54% of the company’s stock.

A number of analysts have recently commented on the company. Jefferies Group assumed coverage on MGM Resorts International in a report on Thursday, January 18th. They issued a “buy” rating and a $43.00 price target on the stock. Zacks Investment Research upgraded MGM Resorts International from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Monday, February 5th. JPMorgan Chase & Co. restated an “overweight” rating and issued a $44.00 price target (up from $41.00) on shares of MGM Resorts International in a report on Tuesday, January 9th. Stifel Nicolaus reiterated a “hold” rating and set a $36.00 target price (up previously from $33.00) on shares of MGM Resorts International in a report on Thursday, November 9th. Finally, Nomura dropped their target price on MGM Resorts International from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, November 1st. Four equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. MGM Resorts International currently has an average rating of “Buy” and a consensus price target of $37.38.

Shares of MGM Resorts International (MGM) opened at $33.43 on Monday. MGM Resorts International has a twelve month low of $25.15 and a twelve month high of $38.41. The stock has a market capitalization of $18,926.00, a PE ratio of 29.58, a P/E/G ratio of 5.88 and a beta of 1.44. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 1.26.

In other MGM Resorts International news, insider Phyllis James sold 19,149 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $33.64, for a total transaction of $644,172.36. Following the transaction, the insider now owns 8,961 shares of the company’s stock, valued at $301,448.04. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Robert Baldwin sold 61,600 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $32.56, for a total value of $2,005,696.00. Following the transaction, the insider now directly owns 70,049 shares in the company, valued at approximately $2,280,795.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 86,877 shares of company stock worth $2,853,502. Company insiders own 12.20% of the company’s stock.

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MGM Resorts International 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.

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Institutional Ownership by Quarter for MGM Resorts International (NYSE:MGM)

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