MGM Resorts International (MGM) Receiving Somewhat Positive Media Coverage, Study Finds

MGM Resorts International (NYSE:MGM) closed up +0.18 points or 0.55% at $33.06 with 6.16 mln shares exchanging hands. Insider data is useful because it can reveal what a company's executives and largest shareholders feel about a stock. Its investment was valued at $18,099,000 an increase of $93,000 as of quarter end. Accern also gave news stories about the company an impact score of 46.8544320055795 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future. Bronson Point Management Ltd Llc has 2.79% invested in MGM Resorts International (NYSE:MGM) for 200,000 shares. Moreover, Jpmorgan Chase And Co has 0.01% invested in MGM Resorts International (NYSE:MGM) for 1.62M shares. Ltd. raised its position in MGM Resorts International by 146.3% in the second quarter. Concourse Capital Management, LLC bolstered its stake by buying 2,018 shares an increase of 0.7% as of 09/30/2017. Currently, MGM Resorts International (NYSE:MGM) has an average volume of 8.17 Million. American International Group Inc claims 154,344 shares worth $5,030,000.

Investors are feeling more bearish on shares of MGM Resorts International lately if you look at the uptick in short interest. MGM Resorts International has a 1-year low of $16.18 and a 1-year high of $27.04. The firm has a market capitalization of $18,614.63, a price-to-earnings ratio of 29.10, a PEG ratio of 7.47 and a beta of 1.42. Its down 0.22, from 1.23 in 2017Q1.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Employees Retirement Sys Of Texas invested in 0.11% or 260,000 shares. The rating was initiated by Goldman Sachs with "Buy" on Friday, December 16. MGM Resorts International's payout ratio is presently 43.14%. American International Group Inc controls 154,344 shares valued at $5,030,000. This repurchase authorization permits the company to repurchase up to 5.3% of its stock through open market purchases.

Canyon Capital Advisors Llc increased Mgm Resorts International (MGM) stake by 8.89% reported in 2017Q2 SEC filing. The stock was sold at an average price of $33.83, for a total value of $104,771.51. Following the completion of the sale, the chief accounting officer now directly owns 197,993 shares of the company's stock, valued at $6,704,042.98. Zacks Investment Research downgraded shares of MGM Resorts International from a "hold" rating to a "sell" rating in a research report on Wednesday, October 18th. Duncker Streett & owns 550 shares or 0.01% of their USA portfolio. The disclosure for this sale can be found here. Insiders have sold 698,548 shares of company stock worth $23,770,532 over the last ninety days. 66 funds opened positions while 117 raised stakes. If you are viewing this story on another publication, it was copied illegally and reposted in violation of US & worldwide trademark and copyright laws.

ILLEGAL ACTIVITY WARNING: "Capital Management Associates NY Lowers Holdings in MGM Resorts International (MGM)" was first published by StockNewsTimes and is the sole property of of StockNewsTimes.

A number of research analysts have issued reports on the company. Deutsche Bank AG reissued a "buy" rating on shares of MGM Resorts International in a report on Friday, September 16th. Sell-side analyst recommendations point to a short term price target of $37.78 on the company shares. The firm has "Buy" rating by Stifel Nicolaus given on Wednesday, August 5.

November 9 investment analysts at Stifel Nicolaus held the company rating at "Hold" targeting a price of $36.00. MGM Resorts International has a consensus rating of "Buy" and an average price target of $36.50.

MGM Resorts International is a holding company. The Company owns and operates casino resorts. The Company's residential real estate segment plans and develops primary residential and resort residential communities of various sizes on its existing land. The Companys resorts offer gaming, hotel, dining, entertainment, retail, and other resort amenities.

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