MGM Resorts International Company Profile (NYSE:MGM)

About MGM Resorts International

MGM Resorts International logoMGM Resorts International is a holding company. The Company owns and operates casino resorts. It operates in two segments: wholly owned domestic resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail and other resort amenities. It has additional business activities, including its investments in unconsolidated affiliates, and other corporate and management operations. Its wholly owned domestic resorts consisted of casino resorts in Las Vegas, Nevada, which includes Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, New York-New York, Excalibur, Monte Carlo and Circus Circus Las Vegas. It also operates other casinos, which includes MGM Grand Detroit in Detroit, Michigan; Beau Rivage in Biloxi, Mississippi, and Gold Strike Tunica in Tunica, Mississippi. MGM China's operations consist of the MGM Macau resort and casino and the development of an integrated casino, hotel, and entertainment resort on the Cotai Strip in Macau.

Industry, Sector and Symbol:
  • Sector: Consumer Discretionary
  • Industry: Resorts & Casinos
  • Sub-Industry: Casinos & Gaming
  • Exchange: NYSE
  • Symbol: MGM
  • CUSIP: 55295310
Key Metrics:
  • Previous Close: $26.46
  • 50 Day Moving Average: $28.80
  • 200 Day Moving Average: $27.15
  • 52-Week Range: $17.34 - $30.62
  • Trailing P/E Ratio: 13.78
  • Foreward P/E Ratio: 16.85
  • P/E Growth: 0.62
  • Market Cap: $15.19B
  • Outstanding Shares: 574,123,000
  • Beta: 1.66
Profitability:
  • Net Margins: 3.15%
  • Return on Equity: 6.45%
  • Return on Assets: 2.15%
Debt:
  • Debt-to-Equity Ratio: 1.29%
  • Current Ratio: 1.04%
  • Quick Ratio: 0.99%
Additional Links:
Companies Related to MGM Resorts International:

Analyst Ratings

Consensus Ratings for MGM Resorts International (NYSE:MGM) (?)
Ratings Breakdown: 1 Hold Rating, 20 Buy Ratings
Consensus Rating:Buy (Score: 2.95)
Consensus Price Target: $32.59 (23.16% upside)

Analysts' Ratings History for MGM Resorts International (NYSE:MGM)
Show:
DateFirmActionRatingPrice TargetDetails
2/22/2017NomuraReiterated RatingBuy$35.00View Rating Details
2/17/2017AegisLower Price TargetBuy$35.00 -> $33.00View Rating Details
2/17/2017Stifel NicolausLower Price TargetBuy$36.00 -> $35.00View Rating Details
2/17/2017InstinetLower Price TargetBuy$35.00 -> $34.00View Rating Details
2/10/2017J P Morgan Chase & CoReiterated RatingOverweight$39.00View Rating Details
1/19/2017Morgan StanleyReiterated RatingOverweightView Rating Details
1/19/2017Sanford C. BernsteinDowngradeOutperform -> Market PerformView Rating Details
1/17/2017Telsey Advisory GroupLower Price TargetOutperform$34.00 -> $33.00View Rating Details
12/15/2016Goldman Sachs Group, Inc. (The)Initiated CoverageBuy$37.00View Rating Details
11/10/2016MacquarieReiterated RatingOutperform$34.00View Rating Details
11/9/2016Barclays PLCSet Price TargetBuy$32.00View Rating Details
11/8/2016Deutsche Bank AGReiterated RatingOutperform$32.00 -> $33.00View Rating Details
10/17/2016GabelliReiterated RatingBuyView Rating Details
10/6/2016ArgusUpgradeHold -> Buy$32.00View Rating Details
9/8/2016Susquehanna Bancshares IncReiterated RatingPositive$30.00View Rating Details
8/11/2016Buckingham ResearchInitiated CoverageBuy$31.00View Rating Details
6/17/2016Wells Fargo & CompanyReiterated RatingBuyView Rating Details
5/8/2016Sterne Agee CRTReiterated RatingBuy$27.50 -> $30.00View Rating Details
4/21/2016HSBC Holdings plcReiterated RatingBuyView Rating Details
4/13/2016Citigroup Inc.Boost Price TargetBuy$29.00 -> $32.00View Rating Details
2/22/2016Janney Montgomery ScottReiterated RatingPositive$28.00 -> $25.00View Rating Details
2/20/2016Credit Suisse GroupReiterated RatingOutperformView Rating Details
8/5/2015Brean CapitalReiterated RatingBuy$25.00View Rating Details
3/19/2015Craig HallumReiterated RatingBuy$27.00View Rating Details
(Data available from 2/22/2015 forward)

Earnings

Earnings History for MGM Resorts International (NYSE:MGM)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/3/2017        
2/16/2017Q416$0.20$0.11$2.44 billion$2.46 billionViewN/AView Earnings Details
11/7/2016Q316$0.11$0.58$2.37 billion$2.52 billionViewN/AView Earnings Details
5/5/2016Q116$0.11$0.12$2.28 billion$2.21 billionViewN/AView Earnings Details
2/18/2016Q415$0.08($1.38)$2.25 billion$2.19 billionViewListenView Earnings Details
10/29/2015Q315$0.04$0.12$2.30 billion$2.28 billionViewListenView Earnings Details
8/4/2015Q215$0.11$0.17$2.38 million$2.39 billionViewN/AView Earnings Details
5/4/2015Q115$0.14$0.33$2.40 billion$2.33 billionViewN/AView Earnings Details
4/2/2015$0.06$0.01ViewN/AView Earnings Details
2/17/2015Q414$0.06($0.70)$2.41 billion$2.39 billionViewN/AView Earnings Details
10/30/2014Q314$0.06$0.06$2.49 billion$2.50 billionViewN/AView Earnings Details
8/5/2014Q214$0.11$0.21$2.57 billion$2.60 billionViewN/AView Earnings Details
4/29/2014Q114$0.09$0.21$2.58 billion$2.60 billionViewN/AView Earnings Details
2/19/2014Q413($0.01)($0.08)$2.46 billion$2.50 billionViewN/AView Earnings Details
10/31/2013Q313($0.03)($0.07)$2.42 billion$2.50 billionViewN/AView Earnings Details
8/6/2013Q2 2013$0.01$0.04$2.47 billion$2.50 billionViewN/AView Earnings Details
5/2/2013Q1 2013($0.10)$0.01$2.34 billion$2.35 billionViewN/AView Earnings Details
2/20/2013Q4 2012($0.27)($0.23)$2.31 billion$2.29 billionViewN/AView Earnings Details
10/31/2012($0.16)($0.37)ViewN/AView Earnings Details
8/7/2012($0.14)($0.12)ViewN/AView Earnings Details
5/3/2012($0.15)($0.44)ViewN/AView Earnings Details
2/22/2012($0.20)($0.22)ViewN/AView Earnings Details
11/3/2011($0.15)($0.14)ViewN/AView Earnings Details
8/8/2011($0.13)$6.22ViewN/AView Earnings Details
5/4/2011($0.19)($0.18)ViewN/AView Earnings Details
2/14/2011($0.22)($0.20)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for MGM Resorts International (NYSE:MGM)
Current Year EPS Consensus Estimate: $1.24 EPS
Next Year EPS Consensus Estimate: $1.57 EPS

Dividends

Current Dividend Information for MGM Resorts International (NYSE:MGM)
Annual Dividend:$0.00
Dividend Yield:0.00%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:0.00% (Based on Trailing 12 Months of Earnings)
0.00% (Based on Current Year Consensus EPS Estimate)
0.00% (Based on Next Year Consensus EPS Estimate)

Dividend History for MGM Resorts International (NYSE:MGM)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
2/16/2017quarterly$0.113/8/20173/10/20173/15/2017
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for MGM Resorts International (NYSE:MGM)
Insider Ownership Percentage: 16.90%
Institutional Ownership Percentage: 71.92%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/13/2016Daniel D'arrigoInsiderSell32,618$30.07$980,823.26View SEC Filing  
11/29/2016Phyllis JamesEVPSell5,734$28.93$165,884.62View SEC Filing  
11/29/2016William HornbucklePresidentSell46,772$29.00$1,356,388.00View SEC Filing  
11/21/2016Corey Ian SandersInsiderSell26,540$29.10$772,314.00View SEC Filing  
11/9/2016James MurrenCEOSell90,525$27.99$2,533,794.75View SEC Filing  
11/9/2016Robert SelwoodEVPSell12,961$28.13$364,592.93View SEC Filing  
11/9/2016William HornbucklePresidentSell26,225$28.56$748,986.00View SEC Filing  
9/1/2016Corp TracindaMajor ShareholderSell4,000,000$100,000,000.00$400,000,000,000,000.00View SEC Filing  
8/31/2016John McmanusEVPSell12,363$24.44$302,151.72View SEC Filing  
8/12/2016Alexis HermanDirectorSell2,391$24.66$58,962.06View SEC Filing  
6/14/2016Mary Christine GayDirectorSell5,300$23.89$126,617.00View SEC Filing  
6/1/2016Rose Mckinney-JamesDirectorSell2,948$23.33$68,776.84View SEC Filing  
5/25/2016John McmanusEVPSell4,116$22.88$94,174.08View SEC Filing  
5/24/2016Corey Ian SandersCOOSell33,090$22.63$748,826.70View SEC Filing  
5/20/2016William HornbucklePresidentSell30,354$21.51$652,914.54View SEC Filing  
5/16/2016Daniel J TaylorDirectorSell12,631$22.06$278,639.86View SEC Filing  
5/10/2016Corey Ian SandersCOOSell32,894$22.36$735,509.84View SEC Filing  
3/14/2016Roland A HernandezDirectorSell12,285$21.06$258,722.10View SEC Filing  
3/11/2016Edward Leith EllwoodInsiderBuy1,000$0.06$60.00
3/11/2016William Warwick GroundsDirectorBuy1,250$20.77$25,962.50View SEC Filing  
3/10/2016Phyllis JamesEVPSell18,520$20.30$375,956.00View SEC Filing  
3/9/2016Corey Ian SandersCOOSell40,119$20.06$804,787.14View SEC Filing  
3/9/2016Edward Leith EllwoodInsiderBuy1,000$0.06$60.00
2/24/2016William A BibleDirectorBuy1,000$17.80$17,800.00View SEC Filing  
12/8/2015Phyllis JamesEVPSell23,963$21.59$517,361.17View SEC Filing  
12/4/2015Gregory M SpierkelDirectorBuy5,000$22.48$112,400.00View SEC Filing  
11/20/2015Edward Leith EllwoodInsiderBuy1,000$0.05$50.00
11/11/2015John McmanusEVPSell7,442$23.28$173,249.76View SEC Filing  
11/2/2015Robert SelwoodCAOSell12,398$23.90$296,312.20View SEC Filing  
10/29/2015Edward Leith EllwoodInsiderBuy2,000$0.05$100.00
10/22/2015Eric PlexmanDirectorBuy5,000$0.05$225.00
10/20/2015Edward Leith EllwoodInsiderSell100,000$0.04$4,000.00
8/25/2015Mary Christine GayDirectorBuy1,000$20.00$20,000.00View SEC Filing  
6/22/2015Eric PlexmanDirectorBuy8,000$0.04$320.00
6/2/2015Eric PlexmanDirectorBuy12,000$0.04$420.00
5/7/2015Paul Valerian TeodoroviciDirectorBuy2,000$0.05$100.00
4/17/2015Paul Valerian TeodoroviciDirectorBuy2,000$0.05$100.00
4/14/2015Edward Leith EllwoodInsiderBuy1,000$0.05$45.00
4/13/2015Edward Leith EllwoodInsiderBuy2,000$0.05$90.00
3/16/2015Eric PlexmanDirectorBuy15,000$0.04$525.00
1/14/2015Paul Valerian TeodoroviciDirectorBuy3,000$0.04$120.00
11/18/2014Eric PlexmanDirectorBuy10,000$0.05$500.00
11/7/2014Alexis HermanDirectorSell12,986$21.94$284,912.84View SEC Filing  
8/22/2014Phyllis JamesEVPSell4,875$25.00$121,875.00View SEC Filing  
8/20/2014Robert BaldwinInsiderSell26,973$25.21$679,989.33View SEC Filing  
8/11/2014Rose Mckinney-JamesDirectorSell4,870$24.83$120,922.10View SEC Filing  
5/29/2014Christopher W NordlingEVPSell5,687$25.73$146,326.51View SEC Filing  
5/1/2014James MurrenCEOSell26,778$25.22$675,341.16View SEC Filing  
3/6/2014Corey Ian SandersCOOSell17,745$28.41$504,135.45View SEC Filing  
3/5/2014William HornbuckleCMOSell74,059$28.26$2,092,907.34View SEC Filing  
2/21/2014John McmanusEVPSell6,060$27.13$164,407.80View SEC Filing  
2/21/2014Roland HernandezDirectorSell2,130$27.25$58,042.50View SEC Filing  
12/4/2013Phyllis JamesEVPSell1,645$19.62$32,274.90View SEC Filing  
9/13/2013John McmanusEVPSell6,779$18.99$128,733.21View SEC Filing  
9/11/2013James MurrenCEOSell61,784$19.09$1,179,456.56View SEC Filing  
8/22/2013Alexis HermanDirectorSell28,747$17.51$503,359.97View SEC Filing  
8/19/2013Rose Mckinney-JamesDirectorSell11,820$17.27$204,131.40View SEC Filing  
8/13/2013Christopher NordlingEVPSell6,229$17.36$108,135.44View SEC Filing  
8/8/2013William HornbuckleCMOSell36,931$17.41$642,968.71View SEC Filing  
5/16/2013John McmanusEVPSell5,225$15.66$81,823.50View SEC Filing  
5/14/2013James MurrenCEOSell94,007$15.83$1,488,130.81View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for MGM Resorts International (NYSE:MGM)
DateHeadline
News IconMGM unveils problem-gambling prevention efforts inspired by requirements at Springfield casino (NYSE:MGM)
www.masslive.com - February 22 at 6:39 PM
News IconResorts & Casinos: MGM Resorts International (NYSE:MGM) Position of the day (NYSE:MGM)
twincountynews.com - February 22 at 6:39 PM
News IconMGM Resorts International (NYSE:MGM) shows monthly volitility of 2.04% (NYSE:MGM)
fairydetox.org - February 22 at 6:39 PM
News IconMGM Resorts International (NYSE:MGM) Chalking Up Volume in Session (NYSE:MGM)
cloudhostinghq.net - February 22 at 6:39 PM
finance.yahoo.com logo4:01 pm MGM Resorts announces agreement w/ BCLC, British Columbia's provincial gambling corporation, to license its gambling program, GameSense (NYSE:MGM)
finance.yahoo.com - February 22 at 6:39 PM
News IconImpact Score Of MGM Resorts International (NYSE:MGM) At 86 - Stock Observer (NYSE:MGM)
www.thestockobserver.com - February 22 at 8:23 AM
News IconThe Technical Facts on MGM Resorts International (MGM) - The USA Commerce (NYSE:MGM)
theusacommerce.com - February 22 at 8:23 AM
prnewswire.com logoMGM Resorts International Chairman And CEO To Present At The CLSA Japan Forum In Tokyo - PR Newswire (press release) (NYSE:MGM)
www.prnewswire.com - February 22 at 8:23 AM
News IconThe Gabelli Brokers Decrease Earnings Estimates for MGM Resorts International (MGM) (NYSE:MGM)
mundoaguaysaneamiento.net - February 21 at 6:22 PM
marketwired.com logoMedia Advisory: BCLC & MGM Resorts International to Announce Landmark Responsible Gaming Agreement (NYSE:MGM)
www.marketwired.com - February 21 at 6:22 PM
News IconMGM Resorts International (MGM) PT Lowered to $35.00 (NYSE:MGM)
brassale.net - February 21 at 6:22 PM
News IconMGM Resorts International (NYSE:MGM) predictive Earnings Analysis (NYSE:MGM)
prensariotiretail.com - February 21 at 6:22 PM
News IconGabelli Brokers Cut Earnings Estimates for MGM Resorts International (MGM) (NYSE:MGM)
oakridgeobserver.com - February 21 at 6:22 PM
us.rd.yahoo.com logoStock Market News for February 21, 2017 (NYSE:MGM)
us.rd.yahoo.com - February 21 at 6:22 PM
capitalcube.com logoMGM Resorts International :MGM-US: Earnings Analysis: 2016 By the Numbers : February 21, 2017 (NYSE:MGM)
www.capitalcube.com - February 21 at 6:22 PM
finance.yahoo.com logoMGM Resorts International Chairman And CEO To Present At The CLSA Japan Forum In Tokyo (NYSE:MGM)
finance.yahoo.com - February 21 at 6:22 PM
finance.yahoo.com logoGambling Stock Roundup: Earnings for MGM, BYD, MPEL and More (NYSE:MGM)
finance.yahoo.com - February 21 at 6:22 PM
nasdaq.com logoFortaleza Asset Management Inc Buys MGM Resorts International ... - Nasdaq (NYSE:MGM)
www.nasdaq.com - February 20 at 5:55 PM
News IconJust the Facts on MGM Resorts International (MGM) - StockNewsJournal (NYSE:MGM)
stocknewsjournal.com - February 20 at 5:55 PM
News IconMGM Resorts reports improved fourth-quarter earnings during 2016 (NYSE:MGM)
www.gamingtoday.com - February 19 at 9:56 AM
smarteranalyst.com logoNomura Stays Bullish Course on MGM Resorts International (MGM) Despite Share Weakness (NYSE:MGM)
www.smarteranalyst.com - February 18 at 5:45 PM
seekingalpha.com logoMGM Resorts International 2016 Q4 - Results - Earnings Call Slides (NYSE:MGM)
seekingalpha.com - February 18 at 5:45 PM
us.rd.yahoo.com logoDespite Improving Odds, MGM Isn't the Best Bet (NYSE:MGM)
us.rd.yahoo.com - February 18 at 5:45 PM
investorplace.com logoWhy Avon Products, Inc. (AVP), MGM Resorts International (MGM) and Kraft Heinz Co (KHC) Are 3 of Today's Worst ... - Investorplace.com (NYSE:MGM)
investorplace.com - February 18 at 5:01 AM
News IconMGM Resorts International (MGM) : How Do the Technicals Stack Up? - The USA Commerce (NYSE:MGM)
theusacommerce.com - February 17 at 3:16 PM
streetinsider.com logoMGM Resorts (MGM) PT Lowered to $34 at Instinet Following 4Q Miss - StreetInsider.com (NYSE:MGM)
www.streetinsider.com - February 17 at 3:16 PM
gurufocus.com logoFortaleza Asset Management Inc Buys MGM Resorts International, Northrop Grumman, Salesforce.com, Sells Alphabet ... - GuruFocus.com (NYSE:MGM)
www.gurufocus.com - February 17 at 3:16 PM
investorplace.com logoIs MGM Resorts International (MGM) Stock the Best Casino Bet? - Investorplace.com (NYSE:MGM)
investorplace.com - February 17 at 3:16 PM
prnewswire.com logoMGM Resorts International Ascends the Fortune List of "World's Most Admired Companies" - PR Newswire (press release) (NYSE:MGM)
www.prnewswire.com - February 17 at 3:15 PM
capitalcube.com logoMGM Resorts International :MGM-US: Earnings Analysis: Q4, 2016 By the Numbers : February 17, 2017 (NYSE:MGM)
www.capitalcube.com - February 17 at 3:15 PM
finance.yahoo.com logoStock Market News for February 17, 2017 (NYSE:MGM)
finance.yahoo.com - February 17 at 3:15 PM
thestreet.com logoMGM Resorts a Good Bet, Analysts Say (NYSE:MGM)
www.thestreet.com - February 17 at 3:15 PM
News IconInvestors Hammer MGM Resorts International (NYSE:MGM) Shares For Failing To Deliver Results (NYSE:MGM)
stockmarketdaily.co - February 16 at 6:08 PM
News IconHow Have MGM Resorts International (MGM) Earnings Estimates Changed? (NYSE:MGM)
oakridgeobserver.com - February 16 at 6:08 PM
4-traders.com logoMGM Resorts International (NYSE:MGM) Files An 8-K Results of Operations and Financial Condition (NYSE:MGM)
www.4-traders.com - February 16 at 6:08 PM
wsj.com logoMGM Resorts Profit Falls Short of Expectations; Dividend Announced (NYSE:MGM)
www.wsj.com - February 16 at 6:08 PM
nasdaq.com logoEarnings Reaction History: MGM Resorts International, 36.4% Follow-Through Indicator, 3.0% Sensitive (NYSE:MGM)
www.nasdaq.com - February 16 at 6:08 PM
reuters.com logoBRIEF-MGM Resorts International posts Q4 earnings $0.04/shr (NYSE:MGM)
www.reuters.com - February 16 at 6:08 PM
seekingalpha.com logoMGM Resorts International (MGM) Q4 2016 Results - Earnings Call Transcript (NYSE:MGM)
seekingalpha.com - February 16 at 6:08 PM
finance.yahoo.com logoMGM Resorts International Reports Fourth Quarter And Full Year Financial And Operating Results; Announces Quarterly Dividend (NYSE:MGM)
finance.yahoo.com - February 16 at 6:08 PM
sg.finance.yahoo.com logoMGM misses 4Q profit forecasts (NYSE:MGM)
sg.finance.yahoo.com - February 16 at 6:07 PM
investors.com logoMGM Resorts Stock Drops After Earnings Miss; Melco Crown Mixed (NYSE:MGM)
www.investors.com - February 16 at 6:07 PM
wsj.com logo[$$] MGM Resorts Profit Short of Expectations; Dividend Announced (NYSE:MGM)
www.wsj.com - February 16 at 6:07 PM
finance.yahoo.com logoMGM Resorts (MGM) Lags Q4 Earnings, Tops Revenue Estimates (NYSE:MGM)
finance.yahoo.com - February 16 at 6:07 PM
thestreet.com logoMGM Misses on Q4 Earnings; Starts Quarterly Dividend (NYSE:MGM)
www.thestreet.com - February 16 at 6:07 PM
blogs.barrons.com logoMGM: Crapped Out (NYSE:MGM)
blogs.barrons.com - February 16 at 6:07 PM
finance.yahoo.com logoCasino Stocks Roundup: Has Macau Fully Recovered? (NYSE:MGM)
finance.yahoo.com - February 16 at 6:07 PM
investopedia.com logoMGM Whiffs on Q4 EPS, but Initiates a Dividend (NYSE:MGM)
www.investopedia.com - February 16 at 6:07 PM
blogs.barrons.com logoMacao Casino Stocks Tumble On Earnings (NYSE:MGM)
blogs.barrons.com - February 16 at 6:07 PM
investors.com logoMGM Resorts, Melco Crown Tumble As Earnings Revivals Fall Short (NYSE:MGM)
www.investors.com - February 16 at 6:07 PM

Social

What is MGM Resorts International's stock symbol?

MGM Resorts International trades on the New York Stock Exchange (NYSE) under the ticker symbol "MGM."

How often does MGM Resorts International pay dividends? What is the dividend yield for MGM Resorts International?

MGM Resorts International announced a quarterly dividend on Thursday, February 16th. Stockholders of record on Friday, March 10th will be paid a dividend of $0.11 per share on Wednesday, March 15th. This represents a $0.44 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Wednesday, March 8th.

Where is MGM Resorts International's stock going? Where will MGM Resorts International's stock price be in 2017?

21 equities research analysts have issued 12 month price objectives for MGM Resorts International's stock. Their forecasts range from $25.00 to $39.00. On average, they anticipate MGM Resorts International's share price to reach $32.59 in the next twelve months.

When will MGM Resorts International announce their earnings?

MGM Resorts International is scheduled to release their next quarterly earnings announcement on Wednesday, May, 3rd 2017.

What are analysts saying about MGM Resorts International stock?

Here are some recent quotes from research analysts about MGM Resorts International stock:

  • According to Zacks Investment Research, "MGM Resorts fourth-quarter adjusted earnings of $0.11 per share lagged the Zacks Consensus Estimate by 35.3% but compared favorably with the year-ago quarter loss of $0.01. Total revenue of $2.46 billion topped the consensus mark by around 1% and rose 12.3% year over year. Notably, a tough operating environment in Macao weighed on the stock in 2015 and for the most part of 2016. However, the region has slowly started returning to life with gaming revenues growing therein on an annual basis over the past six months. Still, a complete rebound in Macau will take some time. Even so, MGM Resorts’ shares have outpaced the Zacks categorized Gaming industry over the past three months. Also, the company’s strong portfolio, new resort openings and focus on non-gaming activities bode well. Further, improving economy and growing tourism in Las Vegas should drive revenue growth at the company’s properties in the region." (2/17/2017)

  • Aegis analysts commented, "MGM put itself in the 'show-me' category yesterday, essentially calling out 3Q16 and 4Q15 as somewhat lower-quality, boosted by calendar and one-time events which created 4Q16 expectations that were too high. The stock's saving grace is valuation, now at 11.1x/9.8x CY17/CY18 EV/EBITDA, a peer low (downside from current prices likely minimal). However, we struggle to find a catalyst outside of upcoming 1Q17 results under reset expectations and expect shares to be range-bound near-term. Longer-term, nothing is broken and the strong Las Vegas backdrop and Macau recovery tailwinds remain. However, investors will likely have to wait longer (we believe 1Q17 report) to begin to see true upward stock momentum." (2/17/2017)
  • Instinet analysts commented, "For several years, MGM's new unit growth and same-store execution has shown great improvement. The 4Q miss was driven by a lower mix of high-margin conferences. Investors realize growth isn't linear, but MGM's weak explanations hurt its credibility." (2/17/2017)

Who owns MGM Resorts International stock?

MGM Resorts International's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Allianz Asset Management AG (7.46%), State Street Corp (1.46%), Dimensional Fund Advisors LP (0.95%), FMR LLC (0.56%), Discovery Capital Management LLC CT (0.48%) and Highfields Capital Management LP (0.46%). Company insiders that own MGM Resorts International stock include Alexis Herman, Corey Ian Sanders, Corp Tracinda, Daniel D'arrigo, Daniel J Taylor, Edward Leith Ellwood, Eric Plexman, Gregory M Spierkel, James Murren, John Mcmanus, Mary Christine Gay, Paul Valerian Teodorovici, Phyllis James, Robert Selwood, Roland A Hernandez, Rose Mckinney-James, William A Bible, William Hornbuckle and William Warwick Grounds.

Who sold MGM Resorts International stock? Who is selling MGM Resorts International stock?

MGM Resorts International's stock was sold by a variety of institutional investors in the last quarter, including Highfields Capital Management LP, Systematic Financial Management LP, Bain Capital Public Equity Management LLC, Nicholas Investment Partners LP, Caxton Associates LP, Horizon Kinetics LLC, AQR Capital Management LLC and Waterfront Capital Partners LLC. Company insiders that have sold MGM Resorts International stock in the last year include Alexis Herman, Corey Ian Sanders, Corp Tracinda, Daniel D'arrigo, Daniel J Taylor, James Murren, John Mcmanus, Mary Christine Gay, Phyllis James, Robert Selwood, Roland A Hernandez, Rose Mckinney-James and William Hornbuckle.

Who bought MGM Resorts International stock? Who is buying MGM Resorts International stock?

MGM Resorts International's stock was purchased by a variety of institutional investors in the last quarter, including Allianz Asset Management AG, Discovery Capital Management LLC CT, Axiom International Investors LLC DE, Frontier Capital Management Co. LLC, FMR LLC, Davidson Kempner Capital Management LP, Renaissance Technologies LLC and Asset Management One Co. Ltd.. Company insiders that have bought MGM Resorts International stock in the last two years include Edward Leith Ellwood, Eric Plexman, Gregory M Spierkel, Mary Christine Gay, Paul Valerian Teodorovici, William A Bible and William Warwick Grounds.

How do I buy MGM Resorts International stock?

Shares of MGM Resorts International can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of MGM Resorts International stock cost?

One share of MGM Resorts International stock can currently be purchased for approximately $26.46.

MGM Resorts International (NYSE:MGM) Chart for Wednesday, February, 22, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for MGM Resorts International (NYSE:MGM)

Earnings History Chart

Earnings by Quarter for MGM Resorts International (NYSE:MGM)

Dividend History Chart

Dividend Payments by Quarter for MGM Resorts International (NYSE:MGM)

Last Updated on 2/22/2017 by MarketBeat.com Staff