D.A. Davidson & CO. Sells 25,113 Shares of MGM Resorts International $MGM

Key Points

• D.A. Davidson & CO. reduced its stake in MGM by 8.6%, selling 25,113 shares in Q4 and now holds 267,634 shares valued at about $9.77 million.
• Major shareholder IAC purchased 550,000 shares at $37.30 (bringing its stake to 66,372,350 shares) while director Keith Meister sold 37,500 shares; institutional investors own 68.11% of MGM and corporate insiders own 3.38%.
• Analyst sentiment and near-term catalyst: KeyCorp upgraded MGM to overweight with a $117 target, and MGM will report Q1 earnings tomorrow, creating potential short-term volatility amid mixed previews.

D.A. Davidson & CO. reduced its position in MGM Resorts International (NYSE:MGM - Free Report) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 267,634 shares of the company's stock after selling 25,113 shares during the quarter. D.A. Davidson & CO. owned 0.10% of MGM Resorts International worth $9,766,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in MGM. AQR Capital Management LLC raised its holdings in shares of MGM Resorts International by 202.5% in the third quarter. AQR Capital Management LLC now owns 8,446,982 shares of the company's stock valued at $292,772,000 after acquiring an additional 5,654,757 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in MGM Resorts International by 81.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 7,642,060 shares of the company's stock worth $264,874,000 after purchasing an additional 3,429,946 shares in the last quarter. Samlyn Capital LLC bought a new position in MGM Resorts International in the third quarter worth about $62,787,000. SG Americas Securities LLC raised its holdings in MGM Resorts International by 461.5% in the fourth quarter. SG Americas Securities LLC now owns 607,164 shares of the company's stock worth $22,155,000 after purchasing an additional 499,024 shares in the last quarter. Finally, Twin Tree Management LP raised its holdings in MGM Resorts International by 101.1% in the third quarter. Twin Tree Management LP now owns 5,066 shares of the company's stock worth $176,000 after purchasing an additional 474,012 shares in the last quarter. 68.11% of the stock is currently owned by institutional investors.

MGM Resorts International News Summary

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

• Positive Sentiment: KeyCorp upgraded MGM from "sector weight" to "overweight" with a $117 price target — a bullish analyst view that supports upside potential and may limit downside ahead of earnings. Finviz report on KeyCorp upgrade
• Neutral Sentiment: MGM will report Q1 results after the close tomorrow, creating short-term volatility as investors weigh Las Vegas demand versus margin pressure; previews flag modest revenue growth but potential EPS headwinds. MGM Resorts (MGM) To Report Earnings Tomorrow: Here Is What To Expect
• Neutral Sentiment: Zacks' preview expects modest Q1 revenue growth driven by Las Vegas and digital but forecasts lower earnings due to margin pressure and softer trends — a mixed fundamental read that can temper sentiment. Zacks: MGM Resorts to Report Q1 Earnings
• Neutral Sentiment: Mizuho trimmed its price target from $62 to $59 but kept an "outperform" rating — a modest downtick in upside expectations but still positive overall from that analyst. MarketScreener: Mizuho adjusts price target
• Neutral Sentiment: IAC’s announced name change to People Incorporated highlights its continued investment in MGM — a signal of institutional investor engagement but not an immediate earnings driver for MGM. IAC announces name change to People Incorporated
• Negative Sentiment: MGM Grand will close its 33-year-old buffet on May 31, one of several buffet closures on the Strip — a sign of changing consumer preferences and potential loss of a value draw that could modestly hurt F&B visitation/revenue. MGM Grand closing buffet
• Negative Sentiment: A Las Vegas Strip food-court operator filed Chapter 11, underscoring weaker downstream demand for restaurants and retail on the Strip — a negative demand signal that can pressure visitation and ancillary revenue for casino operators. TheStreet: Strip food-court operator bankruptcy

Insider Activity at MGM Resorts International

In other MGM Resorts International news, major shareholder Iac Inc. bought 550,000 shares of MGM Resorts International stock in a transaction dated Monday, March 23rd. The stock was acquired at an average cost of $37.30 per share, with a total value of $20,515,000.00. Following the purchase, the insider directly owned 66,372,350 shares in the company, valued at $2,475,688,655. This represents a 0.84% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available 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 value of $1,285,125.00. Following the transaction, the director directly owned 5,347,978 shares of the company's stock, valued at approximately $183,275,206.06. The trade was a 0.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.38% of the company's stock.

MGM Resorts International Price Performance

Shares of NYSE MGM opened at $39.83 on Wednesday. The business's 50 day moving average price is $37.06 and its 200 day moving average price is $35.33. The firm has a market cap of $10.19 billion, a P/E ratio of 53.11 and a beta of 1.35. MGM Resorts International has a 52 week low of $29.18 and a 52 week high of $40.94. The company has a quick ratio of 1.20, a current ratio of 1.23 and a debt-to-equity ratio of 1.91.

MGM Resorts International (NYSE:MGM - Get Free Report) last announced its earnings results on Wednesday, February 4th. The company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.96. The business had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.42 billion. MGM Resorts International had a return on equity of 26.04% and a net margin of 1.17%.During the same period in the prior year, the company posted $0.45 EPS. On average, sell-side analysts expect that MGM Resorts International will post 2.03 earnings per share for the current year.

Analyst Ratings Changes

MGM has been the subject of a number of recent research reports. Morgan Stanley boosted their target price on shares of MGM Resorts International from $34.00 to $35.00 and gave the stock an "underweight" rating in a report on Wednesday, April 8th. KeyCorp upgraded shares of MGM Resorts International from a "sector weight" rating to an "overweight" rating and set a $117.00 price objective on the stock in a report on Monday. Berenberg Bank restated a "buy" rating on shares of MGM Resorts International in a report on Wednesday, February 11th. Susquehanna cut their price objective on shares of MGM Resorts International from $46.00 to $45.00 and set a "positive" rating on the stock in a report on Friday, February 6th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of MGM Resorts International from $43.00 to $44.00 and gave the company a "buy" rating in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $46.63.

MGM Resorts International Company 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.

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