Qsemble Capital Management LP Takes $1.20 Million Position in MGM Resorts International (NYSE:MGM)

Qsemble Capital Management LP acquired a new stake in shares of MGM Resorts International (NYSE:MGM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 26,777 shares of the company's stock, valued at approximately $1,196,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Fisher Asset Management LLC raised its position in shares of MGM Resorts International by 4.9% during the 4th quarter. Fisher Asset Management LLC now owns 4,346,250 shares of the company's stock valued at $194,190,000 after buying an additional 202,434 shares in the last quarter. RB Capital Management LLC raised its position in shares of MGM Resorts International by 6.6% during the 4th quarter. RB Capital Management LLC now owns 17,040 shares of the company's stock valued at $761,000 after buying an additional 1,060 shares in the last quarter. Bamco Inc. NY grew its holdings in shares of MGM Resorts International by 4.5% during the 3rd quarter. Bamco Inc. NY now owns 1,912,447 shares of the company's stock valued at $70,302,000 after purchasing an additional 82,134 shares during the last quarter. Black Swift Group LLC grew its holdings in shares of MGM Resorts International by 133.3% during the 3rd quarter. Black Swift Group LLC now owns 105,000 shares of the company's stock valued at $3,860,000 after purchasing an additional 60,000 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in shares of MGM Resorts International by 122.0% during the 4th quarter. Allworth Financial LP now owns 6,843 shares of the company's stock valued at $306,000 after purchasing an additional 3,760 shares during the last quarter. Hedge funds and other institutional investors own 68.11% of the company's stock.

Insider Transactions at MGM Resorts International

In related news, Director Keith A. Meister sold 325,000 shares of MGM Resorts International stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $42.90, for a total transaction of $13,942,500.00. Following the completion of the transaction, the director now directly owns 6,098,778 shares of the company's stock, valued at approximately $261,637,576.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.13% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of MGM Resorts International from $50.00 to $52.00 and gave the company a "buy" rating in a report on Wednesday, February 14th. Barclays increased their target price on shares of MGM Resorts International from $55.00 to $56.00 and gave the company an "overweight" rating in a report on Thursday, May 2nd. Bank Of America (Bofa) increased their target price on shares of MGM Resorts International from $45.00 to $50.00 and gave the company a "neutral" rating in a report on Wednesday, February 14th. StockNews.com lowered shares of MGM Resorts International from a "buy" rating to a "hold" rating in a report on Friday. Finally, Macquarie reaffirmed an "outperform" rating and set a $58.00 target price on shares of MGM Resorts International in a report on Wednesday, February 14th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, MGM Resorts International currently has an average rating of "Moderate Buy" and an average price target of $54.83.

MGM Resorts International Trading Down 0.7 %

Shares of NYSE:MGM traded down $0.28 on Friday, hitting $40.57. The company had a trading volume of 2,036,768 shares, compared to its average volume of 3,955,641. The firm's 50-day simple moving average is $43.34 and its two-hundred day simple moving average is $42.44. MGM Resorts International has a 1 year low of $34.12 and a 1 year high of $51.35. The company has a quick ratio of 1.46, a current ratio of 1.51 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $12.73 billion, a price-to-earnings ratio of 15.60, a P/E/G ratio of 0.90 and a beta of 2.22.

MGM Resorts International (NYSE:MGM - Get Free Report) last posted its earnings results on Wednesday, May 1st. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.56 by $0.18. MGM Resorts International had a net margin of 5.35% and a return on equity of 23.62%. The firm had revenue of $4.38 billion during the quarter, compared to analysts' expectations of $4.24 billion. During the same period last year, the company posted $0.44 EPS. The company's quarterly revenue was up 13.2% compared to the same quarter last year. Equities analysts anticipate that MGM Resorts International will post 2.9 earnings per share for the current fiscal year.

About MGM Resorts International

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.

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