Vanguard Group Inc. Boosts Position in MGM Resorts International $MGM

Key Points

• Vanguard boosted its stake in MGM Resorts by 0.9% in Q4, owning 23,782,004 shares (about 8.70% of the company) valued at roughly $867.8 million after buying 205,127 shares.
• MGM's Q1 revenue beat at $4.45 billion (+4.2% Y/Y) driven by digital and China growth, but non‑GAAP EPS missed at $0.49, producing margin pressure and mixed analyst reactions with a consensus rating of Hold (average target $47.12).
• About 68.11% of MGM stock is owned by hedge funds and institutions, while a high debt‑to‑equity ratio (~1.93) and ongoing leverage/margin concerns remain key investor risks.

Vanguard Group Inc. boosted its position in shares of MGM Resorts International (NYSE:MGM - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,782,004 shares of the company's stock after purchasing an additional 205,127 shares during the quarter. Vanguard Group Inc. owned approximately 8.70% of MGM Resorts International worth $867,805,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MGM. Wealth Enhancement Advisory Services LLC increased its position in shares of MGM Resorts International by 109.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 129,115 shares of the company's stock worth $4,276,000 after purchasing an additional 67,542 shares during the last quarter. TD Asset Management Inc increased its position in shares of MGM Resorts International by 146.9% in the 3rd quarter. TD Asset Management Inc now owns 92,957 shares of the company's stock worth $3,222,000 after purchasing an additional 55,300 shares during the last quarter. Savant Capital LLC increased its position in shares of MGM Resorts International by 100.0% in the 3rd quarter. Savant Capital LLC now owns 62,892 shares of the company's stock worth $2,180,000 after purchasing an additional 31,446 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of MGM Resorts International by 423.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 42,594 shares of the company's stock worth $1,476,000 after purchasing an additional 34,463 shares during the last quarter. Finally, LSV Asset Management increased its position in shares of MGM Resorts International by 4.3% in the 3rd quarter. LSV Asset Management now owns 2,783,800 shares of the company's stock worth $96,487,000 after purchasing an additional 114,400 shares during the last quarter. 68.11% of the stock is currently owned by hedge funds and other institutional investors.

Key MGM Resorts International News

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

• Positive Sentiment: Q1 revenue beat and record net revenues driven by digital and China growth — company reported $4.45B in revenue (+4.2% Y/Y) with management citing digital and China as growth engines. MGM Q1 Earnings (Yahoo)
• Positive Sentiment: MGM China strong quarterly results and Macau recovery — MGM China reported double-digit revenue growth and higher visitor arrivals, supporting the group’s Asia exposure. MGM China Q1 (PR Newswire)
• Positive Sentiment: Las Vegas momentum: management highlighted stronger convention bookings and first-year-on-year Las Vegas net revenue growth in Q1 after tough comparables. Las Vegas uptick (HotelDive)
• Neutral Sentiment: Mixed analyst actions — several houses adjusted targets and ratings (Goldman raised PT but kept a sell, JPMorgan and Citi trimmed PTs but kept neutral, Truist lifted its PT to $42). These conflicting signals create uneven analyst guidance. Analyst moves (MarketScreener)
• Neutral Sentiment: Earnings-call tone: management said growth engines “beat headwinds” but also flagged cost pressures; investors must judge sustainability of revenue mix versus margin headwinds. Earnings call recap (TipRanks)
• Negative Sentiment: EPS miss and margin pressure — non-GAAP EPS of $0.49 missed consensus (~$0.56), and EBITDA in Las Vegas declined due to higher costs, which pressured the stock. Earnings details (Yahoo)
• Negative Sentiment: Jefferies downgraded MGM to Hold (from Buy), cutting its PT to $44 and citing concerns about the company’s capital structure and limited near-term growth — a clear negative that likely influenced selling. Jefferies downgrade (Yahoo/Investing)
• Negative Sentiment: Ongoing leverage and margin uncertainty — analysts and investors remain focused on debt levels (debt/equity ~1.9) and whether free cash flow will improve fast enough to justify higher valuations. Q1 metrics (Yahoo)

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of MGM Resorts International in a research report on Friday. Susquehanna lowered their price objective on shares of MGM Resorts International from $46.00 to $45.00 and set a "positive" rating for the company in a research report on Friday, February 6th. Capital One Financial boosted their price objective on shares of MGM Resorts International from $46.00 to $51.00 and gave the company an "overweight" rating in a research report on Friday, April 17th. The Goldman Sachs Group raised their target price on shares of MGM Resorts International from $34.00 to $38.00 and gave the stock a "sell" rating in a report on Thursday. Finally, JPMorgan Chase & Co. cut their target price on shares of MGM Resorts International from $42.00 to $41.00 and set a "neutral" rating on the stock in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $47.12.

MGM Resorts International Stock Performance

Shares of NYSE MGM opened at $38.58 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.33 and a debt-to-equity ratio of 1.93. The firm's 50-day moving average price is $37.14 and its two-hundred day moving average price is $35.41. MGM Resorts International has a 52-week low of $29.18 and a 52-week high of $40.94. The stock has a market capitalization of $9.87 billion, a P/E ratio of 53.58 and a beta of 1.28.

MGM Resorts International (NYSE:MGM - Get Free Report) last posted its earnings results on Wednesday, April 29th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.07). The firm had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.37 billion. MGM Resorts International had a net margin of 1.03% and a return on equity of 24.43%. The company's revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 earnings per share. As a group, sell-side analysts forecast that MGM Resorts International will post 2.02 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Keith A. Meister sold 37,500 shares of MGM Resorts International stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $34.27, for a total transaction of $1,285,125.00. Following the sale, the director 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. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Iac Inc. purchased 450,000 shares of the business's stock in a transaction dated Tuesday, March 24th. The shares were acquired at an average cost of $37.13 per share, for a total transaction of $16,708,500.00. Following the acquisition, the insider owned 66,822,350 shares of the company's stock, valued at approximately $2,481,113,855.50. The trade was a 0.68% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 3.38% of the company's stock.

MGM Resorts International 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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