Horan Securities Inc. bought a new position in shares of MGM Resorts International (NYSE:MGM – Get Rating) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,009 shares of the company’s stock, valued at approximately $45,000.
A number of other institutional investors have also added to or reduced their stakes in MGM. Daiwa Securities Group Inc. raised its stake in MGM Resorts International by 1.5% during the third quarter. Daiwa Securities Group Inc. now owns 24,842 shares of the company’s stock valued at $1,072,000 after purchasing an additional 378 shares in the last quarter. PFG Advisors raised its stake in MGM Resorts International by 6.5% during the third quarter. PFG Advisors now owns 6,436 shares of the company’s stock valued at $278,000 after purchasing an additional 393 shares in the last quarter. Moors & Cabot Inc. raised its stake in MGM Resorts International by 62.3% during the third quarter. Moors & Cabot Inc. now owns 25,000 shares of the company’s stock valued at $27,000 after purchasing an additional 9,599 shares in the last quarter. Russell Investments Group Ltd. raised its stake in MGM Resorts International by 1.1% during the third quarter. Russell Investments Group Ltd. now owns 182,184 shares of the company’s stock valued at $7,867,000 after purchasing an additional 2,048 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its stake in MGM Resorts International by 48.7% during the third quarter. Meeder Asset Management Inc. now owns 9,284 shares of the company’s stock valued at $402,000 after purchasing an additional 3,039 shares in the last quarter. 85.76% of the stock is currently owned by institutional investors.
In other news, CEO William Hornbuckle sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, April 20th. The shares were sold at an average price of $43.00, for a total value of $430,000.00. Following the sale, the chief executive officer now directly owns 132,603 shares in the company, valued at approximately $5,701,929. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Keith A. Meister sold 4,500,000 shares of the firm’s stock in a transaction dated Monday, February 14th. The shares were sold at an average price of $45.00, for a total transaction of $202,500,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,513,350 shares of company stock worth $203,076,165. 2.13% of the stock is owned by company insiders.
Shares of MGM Resorts International stock opened at $41.03 on Thursday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.86 and a quick ratio of 1.84. MGM Resorts International has a 1 year low of $35.72 and a 1 year high of $51.17. The firm’s 50-day moving average is $41.44 and its two-hundred day moving average is $43.34. The stock has a market cap of $17.86 billion, a price-to-earnings ratio of 13.32 and a beta of 2.18.
MGM Resorts International (NYSE:MGM – Get Rating) last issued its earnings results on Monday, May 2nd. The company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.10. MGM Resorts International had a net margin of 14.40% and a return on equity of 0.79%. During the same quarter in the previous year, the business posted ($0.68) EPS. On average, equities analysts expect that MGM Resorts International will post 0.59 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Friday, June 10th will be issued a dividend of $0.0025 per share. This represents a $0.01 annualized dividend and a yield of 0.02%. The ex-dividend date is Thursday, June 9th. MGM Resorts International’s payout ratio is 0.32%.
About MGM Resorts International (Get Rating)
MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and Macau. 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.
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