Ossiam Has $1.40 Million Stock Holdings in MGM Resorts International (NYSE:MGM)

Ossiam boosted its stake in MGM Resorts International (NYSE:MGM - Free Report) by 29.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,338 shares of the company's stock after purchasing an additional 9,268 shares during the quarter. Ossiam's holdings in MGM Resorts International were worth $1,398,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Ballentine Partners LLC boosted its position in shares of MGM Resorts International by 5.4% during the 4th quarter. Ballentine Partners LLC now owns 6,553 shares of the company's stock worth $227,000 after acquiring an additional 333 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in shares of MGM Resorts International by 1.7% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 19,749 shares of the company's stock valued at $684,000 after purchasing an additional 333 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of MGM Resorts International by 47.8% during the 4th quarter. Global Retirement Partners LLC now owns 1,250 shares of the company's stock worth $43,000 after buying an additional 404 shares in the last quarter. Assetmark Inc. lifted its position in shares of MGM Resorts International by 104.1% during the 4th quarter. Assetmark Inc. now owns 806 shares of the company's stock worth $28,000 after buying an additional 411 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in MGM Resorts International by 0.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 146,417 shares of the company's stock valued at $5,073,000 after buying an additional 469 shares in the last quarter. 68.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MGM has been the subject of a number of research reports. Barclays dropped their target price on shares of MGM Resorts International from $47.00 to $41.00 and set an "overweight" rating for the company in a report on Tuesday. Argus raised shares of MGM Resorts International from a "hold" rating to a "buy" rating and set a $50.00 target price on the stock in a research note on Friday, February 14th. Wedbush reiterated an "outperform" rating on shares of MGM Resorts International in a research note on Thursday, February 13th. Canaccord Genuity Group reissued a "buy" rating on shares of MGM Resorts International in a report on Thursday, February 13th. Finally, Jefferies Financial Group lowered their target price on MGM Resorts International from $52.00 to $50.00 and set a "buy" rating for the company in a report on Friday, January 3rd. Five investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $50.06.

Insider Activity at MGM Resorts International

In other MGM Resorts International news, CAO Todd Meinert sold 6,000 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $37.84, for a total value of $227,040.00. Following the completion of the sale, the chief accounting officer now directly owns 18,301 shares in the company, valued at approximately $692,509.84. This trade represents a 24.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jonathan S. Halkyard acquired 10,000 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were bought at an average price of $32.17 per share, for a total transaction of $321,700.00. Following the acquisition, the chief financial officer now directly owns 75,648 shares of the company's stock, valued at approximately $2,433,596.16. This trade represents a 15.23 % increase in their position. The disclosure for this purchase can be found here. 3.06% of the stock is owned by corporate insiders.

MGM Resorts International Trading Up 0.9 %

MGM Resorts International stock traded up $0.27 during mid-day trading on Friday, hitting $31.69. 4,627,649 shares of the stock were exchanged, compared to its average volume of 4,673,327. The firm's fifty day simple moving average is $31.33 and its two-hundred day simple moving average is $34.61. The company has a quick ratio of 1.26, a current ratio of 1.30 and a debt-to-equity ratio of 1.73. MGM Resorts International has a 12 month low of $25.30 and a 12 month high of $47.26. The stock has a market capitalization of $8.97 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 0.98 and a beta of 1.96.

MGM Resorts International (NYSE:MGM - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.08. MGM Resorts International had a net margin of 4.33% and a return on equity of 21.08%. Analysts forecast that MGM Resorts International will post 2.21 EPS for the current year.

MGM Resorts International Profile

MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and internationally. 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.