54,344 Shares in MGM Resorts International $MGM Bought by T3 Companies LLC

Key Points

• T3 Companies LLC acquired 54,344 MGM shares worth approximately $1.69 million, making MGM 1.7% of its portfolio; institutional investors collectively own 68.11% of the stock.
• MGM reported quarterly EPS of $0.59, beating estimates of $0.56, while revenue reached $4.45 billion and increased 2.2% year over year.
• MGM shares opened at $29.51, well below their 52-week high of $51.59. Analysts maintain a consensus “Hold” rating, with a $46.71 target, although several firms recently reduced their price targets and Q3 earnings are expected to decline.

T3 Companies LLC bought a new position in MGM Resorts International (NYSE:MGM - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm bought 54,344 shares of the company's stock, valued at approximately $1,687,000. MGM Resorts International makes up 1.7% of T3 Companies LLC's investment portfolio, making the stock its 13th largest holding.

A number of other large investors also recently modified their holdings of MGM. International Assets Investment Management LLC bought a new stake in MGM Resorts International during the 1st quarter valued at $30,000. Optiver Holding B.V. acquired a new position in shares of MGM Resorts International during the first quarter valued at about $35,000. Fiduciary Financial Advisors acquired a new position in shares of MGM Resorts International during the second quarter valued at about $48,000. Global Retirement Partners LLC acquired a new position in shares of MGM Resorts International during the second quarter valued at about $53,000. Finally, Freestone Grove Partners LP bought a new stake in shares of MGM Resorts International during the second quarter worth about $62,000. 68.11% of the stock is currently owned by institutional investors.

MGM Resorts International Price Performance

MGM opened at $29.51 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.34 and a quick ratio of 1.30. The company has a market capitalization of $7.42 billion, a price-to-earnings ratio of 17.89, a P/E/G ratio of 1.56 and a beta of 1.35. The firm's fifty day moving average price is $36.56 and its two-hundred day moving average price is $40.88. MGM Resorts International has a 1 year low of $27.93 and a 1 year high of $51.59.

MGM Resorts International (NYSE:MGM - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.03. The firm had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.42 billion. MGM Resorts International had a net margin of 2.40% and a return on equity of 23.30%. The business's revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.79 EPS. As a group, analysts anticipate that MGM Resorts International will post 1.85 earnings per share for the current fiscal year.

MGM Resorts International News Summary

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

• Positive Sentiment: Expanded sports and entertainment marketing: MGM Resorts is the title sponsor of the Pro Padel League’s Las Vegas tournament, scheduled for November 18–21. The event should create additional exposure for MGM properties and potentially drive room, food-and-beverage and casino traffic. Pro Padel League Secures Landmark Title Sponsorship with MGM Resorts International for Las Vegas Tournament
• Positive Sentiment: Formula 1 race-week plans: MGM is promoting fan experiences, culinary offerings, fashion and art activations across Bellagio, ARIA, The Cosmopolitan and Park MGM during the November 19–21 Las Vegas Grand Prix. The programming could strengthen the company’s ability to monetize a major high-demand event. MGM Resorts Formula 1 Las Vegas Grand Prix Experiences
• Positive Sentiment: New premium dining concept: MGM Grand will open Taylor Sheridan’s Four Sixes Ranch Steakhouse in early 2027. The partnership adds a distinctive, high-end restaurant attraction that may support resort traffic and spending. MGM Grand to Open Four Sixes Ranch Steakhouse
• Positive Sentiment: BetMGM partnership extended: BetMGM renewed its Canadian partnership with the NFL, preserving access to league intellectual property, marketing activations and fan experiences. The agreement supports BetMGM’s customer-acquisition and brand-building efforts. BetMGM and NFL Extend Partnership in Canada
• Neutral Sentiment: Potential acquisition interest: A law firm is investigating Barry Diller’s reported $48.30-per-share offer for MGM. The bid could establish significant upside if pursued, but the investigation introduces uncertainty and does not indicate that a transaction will close. MGM Deal Notice
• Negative Sentiment: Analysts reduced price targets: Truist Financial and Stifel Nicolaus both cut their targets for MGM, signaling diminished near-term confidence in the company’s earnings outlook and weighing on sentiment. Truist Cuts MGM Price Target Stifel Cuts MGM Price Target
• Negative Sentiment: Q3 earnings concerns: A Zacks preview expects MGM’s third-quarter earnings to decline and sees limited evidence for a likely earnings beat. That caution is an important counterweight to the company’s promotional announcements ahead of its upcoming results. MGM Q3 Earnings Preview

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group restated a "hold" rating on shares of MGM Resorts International in a report on Thursday, July 2nd. UBS Group cut their price target on MGM Resorts International from $50.00 to $46.00 and set a "neutral" rating for the company in a research note on Friday, September 11th. Bank of America initiated coverage on MGM Resorts International in a report on Thursday, September 24th. They set a "neutral" rating and a $40.00 price objective for the company. Wells Fargo & Company lowered their price objective on MGM Resorts International from $48.30 to $29.00 and set an "equal weight" rating for the company in a research note on Monday. Finally, Mizuho dropped their target price on MGM Resorts International from $60.00 to $55.00 and set an "outperform" rating on the stock in a report on Thursday, September 24th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $46.71.

MGM Resorts International Profile

MGM Resorts International is a global hospitality and entertainment company that develops, owns, and operates destination resorts featuring casinos, hotels, restaurants, entertainment venues, convention facilities, retail spaces, and nightlife offerings. Its portfolio includes well-known properties such as MGM Grand, Bellagio, ARIA, Mandalay Bay, and The Cosmopolitan of Las Vegas.

The company serves customers through properties in Las Vegas and other U.S. markets, including regional destinations in Michigan, Maryland, Massachusetts, Mississippi, New Jersey, New York, and Ohio.

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