Dohj LLC Invests $632,000 in MGM Resorts International (NYSE:MGM)

Dohj LLC acquired a new stake in MGM Resorts International (NYSE:MGM) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 18,232 shares of the company’s stock, valued at approximately $632,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MGM. Sei Investments Co. boosted its stake in shares of MGM Resorts International by 9.0% in the 2nd quarter. Sei Investments Co. now owns 18,854 shares of the company’s stock valued at $838,000 after purchasing an additional 1,564 shares in the last quarter. Public Sector Pension Investment Board boosted its position in MGM Resorts International by 78.6% in the second quarter. Public Sector Pension Investment Board now owns 11,325 shares of the company’s stock valued at $503,000 after buying an additional 4,984 shares in the last quarter. Creative Planning grew its stake in shares of MGM Resorts International by 9.9% during the second quarter. Creative Planning now owns 71,642 shares of the company’s stock worth $3,184,000 after buying an additional 6,445 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of MGM Resorts International by 4.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 21,306 shares of the company’s stock worth $947,000 after buying an additional 984 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of MGM Resorts International by 3.4% in the 2nd quarter. Cetera Investment Advisers now owns 66,497 shares of the company’s stock valued at $2,955,000 after acquiring an additional 2,174 shares during the last quarter. Institutional investors own 68.11% of the company’s stock.

MGM Resorts International Stock Performance

Shares of MGM opened at $34.49 on Friday. The firm’s fifty day simple moving average is $34.80 and its two-hundred day simple moving average is $37.40. MGM Resorts International has a 12 month low of $31.61 and a 12 month high of $48.24. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of $10.27 billion, a P/E ratio of 12.32, a price-to-earnings-growth ratio of 2.89 and a beta of 2.21.

MGM Resorts International (NYSE:MGM) last announced its earnings results on Wednesday, October 30th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.04). The business had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.21 billion. MGM Resorts International had a net margin of 5.23% and a return on equity of 25.84%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.64 EPS. As a group, analysts predict that MGM Resorts International will post 2.37 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MGM shares. Morgan Stanley boosted their price objective on MGM Resorts International from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. JMP Securities restated a “market outperform” rating and set a $50.00 price target on shares of MGM Resorts International in a report on Thursday, January 16th. Jefferies Financial Group dropped their price objective on shares of MGM Resorts International from $52.00 to $50.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Mizuho reduced their target price on shares of MGM Resorts International from $57.00 to $56.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Finally, Wells Fargo & Company dropped their price target on shares of MGM Resorts International from $53.00 to $47.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, MGM Resorts International currently has an average rating of “Moderate Buy” and an average price target of $51.93.

Insider Buying and Selling at MGM Resorts International

In other MGM Resorts International news, Director Keith A. Meister sold 51,000 shares of MGM Resorts International stock in a transaction on Friday, December 13th. The shares were sold at an average price of $36.57, for a total value of $1,865,070.00. Following the completion of the sale, the director now directly owns 5,687,478 shares of the company’s stock, valued at approximately $207,991,070.46. The trade was a 0.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.13% of the company’s stock.

MGM Resorts International Company 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.