Traders purchased shares of MGM Resorts International (NYSE:MGM) on weakness during trading hours on Friday. $52.13 million flowed into the stock on the tick-up and $21.11 million flowed out of the stock on the tick-down, for a money net flow of $31.02 million into the stock. Of all equities tracked, MGM Resorts International had the highest net in-flow for the day. MGM Resorts International traded down ($0.02) for the day and closed at $22.96

Several research firms have issued reports on MGM. Deutsche Bank AG reaffirmed a “buy” rating and issued a $28.00 price target on shares of MGM Resorts International in a report on Tuesday, May 31st. Nomura Holdings Inc. reaffirmed a “buy” rating and issued a $28.00 price target on shares of MGM Resorts International in a report on Thursday, May 5th. Telsey Advisory Group upped their price target on MGM Resorts International from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, May 6th. Sterne Agee CRT reaffirmed a “buy” rating and issued a $30.00 price target (up previously from $27.50) on shares of MGM Resorts International in a report on Sunday, May 8th. Finally, Morgan Stanley began coverage on MGM Resorts International in a report on Friday, May 6th. They issued an “overweight” rating and a $29.00 price target on the stock. Two analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of C$27.65.

The stock’s market capitalization is $12.98 billion. The firm has a 50-day moving average price of $23.47 and a 200-day moving average price of $21.40.

MGM Resorts International (NYSE:MGM) last posted its earnings results on Thursday, May 5th. The company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The firm earned $2.21 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter last year, the business posted $0.26 earnings per share. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. On average, equities research analysts expect that MGM Resorts International will post $0.75 earnings per share for the current year.

In related news, COO Corey Ian Sanders sold 32,894 shares of the firm’s stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of C$22.36, for a total transaction of C$735,509.84. Following the sale, the chief operating officer now directly owns 188,865 shares in the company, valued at C$4,223,021.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mary Christine Gay sold 5,300 shares of the firm’s stock in a transaction on Tuesday, June 14th. The stock was sold at an average price of C$23.89, for a total transaction of C$126,617.00. Following the sale, the director now owns 11,959 shares in the company, valued at C$285,700.51. The disclosure for this sale can be found here.

Other large investors recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of MGM Resorts International by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,297,530 shares of the company’s stock worth $120,347,000 after buying an additional 26,706 shares during the last quarter. Jennison Associates LLC raised its stake in shares of MGM Resorts International by 7.0% in the fourth quarter. Jennison Associates LLC now owns 2,284,194 shares of the company’s stock worth $51,897,000 after buying an additional 148,783 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of MGM Resorts International during the fourth quarter worth approximately $2,778,000. US Bancorp DE raised its stake in shares of MGM Resorts International by 3.4% in the fourth quarter. US Bancorp DE now owns 113,311 shares of the company’s stock worth $2,574,000 after buying an additional 3,708 shares during the last quarter. Finally, Zweig DiMenna Associates LLC bought a new stake in shares of MGM Resorts International during the fourth quarter worth approximately $12,610,000.

MGM Resorts International is a holding company. Through its wholly owned subsidiaries, the Company owns and operates casino resorts. The Company operates in two segments: wholly owned domestic resorts and MGM China. The wholly owned domestic resorts segment includes non-gaming operations, including hotel, food and beverage, entertainment and other non-gaming amenities.

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