Vontobel Holding Ltd. Sells 5,100 Shares of MGM Resorts International (NYSE:MGM)

Vontobel Holding Ltd. decreased its position in MGM Resorts International (NYSE:MGM) by 27.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 13,221 shares of the company’s stock after selling 5,100 shares during the period. Vontobel Holding Ltd.’s holdings in MGM Resorts International were worth $591,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Regatta Capital Group LLC grew its holdings in shares of MGM Resorts International by 1.8% in the fourth quarter. Regatta Capital Group LLC now owns 13,753 shares of the company’s stock worth $614,000 after purchasing an additional 247 shares during the last quarter. Sandy Spring Bank lifted its stake in MGM Resorts International by 33.7% in the fourth quarter. Sandy Spring Bank now owns 1,143 shares of the company’s stock worth $51,000 after acquiring an additional 288 shares during the period. Fifth Third Bancorp lifted its stake in MGM Resorts International by 2.4% in the third quarter. Fifth Third Bancorp now owns 12,173 shares of the company’s stock worth $447,000 after acquiring an additional 289 shares during the period. Kingswood Wealth Advisors LLC lifted its stake in MGM Resorts International by 3.1% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 9,587 shares of the company’s stock worth $428,000 after acquiring an additional 292 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in MGM Resorts International by 0.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 80,324 shares of the company’s stock worth $2,953,000 after acquiring an additional 302 shares during the period. Institutional investors own 68.11% of the company’s stock.

Insider Buying and Selling

In related news, Director Keith A. Meister sold 325,000 shares of MGM Resorts International stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $42.90, for a total value of $13,942,500.00. Following the completion of the sale, the director now directly owns 6,098,778 shares in the company, valued at approximately $261,637,576.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.83% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently commented on MGM shares. TheStreet raised MGM Resorts International from a “c+” rating to a “b-” rating in a research note on Tuesday, February 13th. JMP Securities reissued a “market outperform” rating and set a $57.00 price objective on shares of MGM Resorts International in a research report on Wednesday, February 14th. StockNews.com lowered MGM Resorts International from a “buy” rating to a “hold” rating in a research report on Monday, March 4th. Macquarie reissued an “outperform” rating and set a $58.00 price objective on shares of MGM Resorts International in a research report on Wednesday, February 14th. Finally, Morgan Stanley raised their price objective on MGM Resorts International from $45.00 to $46.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $55.34.

MGM Resorts International Price Performance

MGM opened at $42.43 on Tuesday. The stock has a 50-day moving average price of $43.81 and a 200-day moving average price of $42.05. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.57 and a quick ratio of 1.53. The firm has a market cap of $13.45 billion, a PE ratio of 13.38, a P/E/G ratio of 1.75 and a beta of 2.19. MGM Resorts International has a 1 year low of $34.12 and a 1 year high of $51.35.

MGM Resorts International (NYSE:MGM) last released its quarterly earnings data on Tuesday, February 13th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.67 by $0.39. MGM Resorts International had a return on equity of 20.51% and a net margin of 7.07%. The company had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same period last year, the company earned $0.69 EPS. MGM Resorts International’s revenue for the quarter was up 21.8% on a year-over-year basis. Sell-side analysts predict that MGM Resorts International will post 2.46 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.