Representative Susie Lee (D-Nevada) recently sold shares of MGM Resorts International (NYSE:MGM). In a filing disclosed on April 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in MGM Resorts International stock on March 14th. The trade occurred in the Representative's "SUZANNE K LEE TRUST > FIDELITY BROKERAGE 402" account.
Representative Susie Lee also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Full House Resorts NASDAQ: FLL on 3/28/2025.
- Sold $15,001 - $50,000 in shares of Full House Resorts NASDAQ: FLL on 3/20/2025.
- Sold $1,001 - $15,000 in shares of Tennant NYSE: TNC on 3/14/2025.
- Sold $1,001 - $15,000 in shares of Wynn Resorts NASDAQ: WYNN on 3/14/2025.
- Sold $1,001 - $15,000 in shares of Sony Group NYSE: SONY on 3/14/2025.
- Sold $1,001 - $15,000 in shares of Marriott International NASDAQ: MAR on 3/14/2025.
- Sold $1,001 - $15,000 in shares of Century Casinos NASDAQ: CNTY on 3/14/2025.
- Sold $15,001 - $50,000 in shares of Starbucks NASDAQ: SBUX on 3/14/2025.
- Sold $1,001 - $15,000 in shares of Golden Entertainment NASDAQ: GDEN on 3/14/2025.
- Sold $1,001 - $15,000 in shares of Carnival Co. & NYSE: CCL on 3/14/2025.
MGM Resorts International Stock Performance
NYSE MGM traded up $0.43 on Friday, reaching $28.89. The stock had a trading volume of 4,333,562 shares, compared to its average volume of 4,625,346. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.30 and a quick ratio of 1.26. The company has a market cap of $8.18 billion, a P/E ratio of 12.04, a price-to-earnings-growth ratio of 0.98 and a beta of 1.96. The firm has a fifty day moving average of $32.12 and a two-hundred day moving average of $34.87. MGM Resorts International has a 1-year low of $25.30 and a 1-year high of $47.26.
MGM Resorts International (NYSE:MGM - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.08. MGM Resorts International had a net margin of 4.33% and a return on equity of 21.08%. On average, equities research analysts anticipate that MGM Resorts International will post 2.21 EPS for the current year.
Hedge Funds Weigh In On MGM Resorts International
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of MGM Resorts International in the fourth quarter worth $88,033,000. Eminence Capital LP bought a new position in shares of MGM Resorts International during the fourth quarter worth about $72,408,000. AQR Capital Management LLC boosted its holdings in MGM Resorts International by 12,726.8% in the fourth quarter. AQR Capital Management LLC now owns 1,278,965 shares of the company's stock worth $44,316,000 after acquiring an additional 1,268,994 shares in the last quarter. Marshall Wace LLP grew its stake in MGM Resorts International by 50.9% in the fourth quarter. Marshall Wace LLP now owns 3,233,718 shares of the company's stock valued at $112,048,000 after acquiring an additional 1,090,533 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of MGM Resorts International by 22.5% during the fourth quarter. Invesco Ltd. now owns 5,785,343 shares of the company's stock valued at $200,462,000 after acquiring an additional 1,063,707 shares in the last quarter. 68.11% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other MGM Resorts International news, CFO Jonathan S. Halkyard acquired 10,000 shares of the business's stock in a transaction on Thursday, March 6th. The shares were acquired at an average price of $32.17 per share, with a total value of $321,700.00. Following the completion of the transaction, the chief financial officer now owns 75,648 shares in the company, valued at approximately $2,433,596.16. This trade represents a 15.23 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Todd Meinert sold 6,000 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $37.84, for a total transaction of $227,040.00. Following the completion of the transaction, the chief accounting officer now directly owns 18,301 shares in the company, valued at $692,509.84. This trade represents a 24.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.06% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the stock. Needham & Company LLC reiterated a "buy" rating on shares of MGM Resorts International in a research report on Thursday, February 13th. Morgan Stanley cut their target price on MGM Resorts International from $37.00 to $36.00 and set an "equal weight" rating for the company in a research report on Wednesday. Jefferies Financial Group decreased their price target on MGM Resorts International from $52.00 to $50.00 and set a "buy" rating on the stock in a research report on Friday, January 3rd. Citigroup increased their price objective on shares of MGM Resorts International from $48.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Finally, JMP Securities reduced their price target on shares of MGM Resorts International from $50.00 to $45.00 and set a "market outperform" rating on the stock in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $50.71.
Check Out Our Latest Report on MGM Resorts International
About Representative Lee
Susie Lee (Democratic Party) is a member of the U.S. House, representing Nevada's 3rd Congressional District. She assumed office on January 3, 2019. Her current term ends on January 3, 2027.
Lee (Democratic Party) is running for re-election to the U.S. House to represent Nevada's 3rd Congressional District. She declared candidacy for the 2026 election.
Susie Lee attended Carnegie Mellon University in Pittsburgh and graduated with honors, earning a master’s degree in public management. After college, she worked in Massachusetts at an environmental and economic consulting firm that specialized in water resource issues. She moved to Las Vegas, Nevada, in 1993, where she then worked as a campaign policy advisor to Las Vegas Mayor Jan Laverty Jones and founded a homeless shelter for parents and children in need. In 2010, she became the president of the board of Communities In Schools of Nevada (CIS), a program that seeks to lower high school dropout rates. Lee has served on several other boards and committees in the Las Vegas area.
MGM Resorts International Company Profile
(
Get Free Report)
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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