Epoch Investment Partners Inc. Has $539,000 Stock Holdings in MGM Resorts International (NYSE:MGM)

Epoch Investment Partners Inc. lessened its holdings in shares of MGM Resorts International (NYSE:MGM) by 8.4% in the first quarter, Holdings Channel.com reports. The fund owned 11,423 shares of the company’s stock after selling 1,049 shares during the quarter. Epoch Investment Partners Inc.’s holdings in MGM Resorts International were worth $539,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MGM. Texas Permanent School Fund Corp boosted its position in shares of MGM Resorts International by 0.4% during the first quarter. Texas Permanent School Fund Corp now owns 56,487 shares of the company’s stock worth $2,667,000 after purchasing an additional 245 shares in the last quarter. Regatta Capital Group LLC boosted its position in shares of MGM Resorts International by 1.8% during 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 in the last quarter. Mendota Financial Group LLC boosted its position in shares of MGM Resorts International by 36.0% during the first quarter. Mendota Financial Group LLC now owns 1,004 shares of the company’s stock worth $47,000 after purchasing an additional 266 shares in the last quarter. Lindbrook Capital LLC boosted its position in shares of MGM Resorts International by 8.2% during the first quarter. Lindbrook Capital LLC now owns 3,550 shares of the company’s stock worth $168,000 after purchasing an additional 268 shares in the last quarter. Finally, Sandy Spring Bank boosted its position in shares of MGM Resorts International by 33.7% during the fourth quarter. Sandy Spring Bank now owns 1,143 shares of the company’s stock worth $51,000 after purchasing an additional 288 shares in the last quarter. Institutional investors and hedge funds own 68.11% of the company’s stock.

Insider Transactions at MGM Resorts International

In other news, Director Alexis Herman sold 4,344 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $41.50, for a total transaction of $180,276.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Keith A. Meister sold 139,300 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $40.44, for a total transaction of $5,633,292.00. Following the transaction, the director now directly owns 5,859,478 shares in the company, valued at approximately $236,957,290.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alexis Herman sold 4,344 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $41.50, for a total transaction of $180,276.00. The disclosure for this sale can be found here. Insiders have sold 147,988 shares of company stock worth $5,991,759 in the last ninety days. Insiders own 2.13% of the company’s stock.

Wall Street Analyst Weigh In

MGM has been the topic of a number of recent analyst reports. Wells Fargo & Company reduced their price target on shares of MGM Resorts International from $56.00 to $55.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Morgan Stanley cut their price objective on shares of MGM Resorts International from $47.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, July 12th. JPMorgan Chase & Co. boosted their price objective on shares of MGM Resorts International from $54.00 to $57.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. BTIG Research initiated coverage on shares of MGM Resorts International in a research report on Wednesday, July 3rd. They issued a “buy” rating and a $52.00 price objective on the stock. Finally, JMP Securities boosted their price objective on shares of MGM Resorts International from $58.00 to $59.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 17th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $54.66.

MGM Resorts International Stock Up 1.0 %

NYSE:MGM traded up $0.40 on Friday, hitting $41.84. 2,738,119 shares of the company’s stock were exchanged, compared to its average volume of 3,094,533. The firm has a 50-day moving average price of $42.02 and a 200-day moving average price of $42.83. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.51 and a quick ratio of 1.46. MGM Resorts International has a 52 week low of $34.12 and a 52 week high of $51.35. The company has a market cap of $13.12 billion, a P/E ratio of 16.09, a price-to-earnings-growth ratio of 0.87 and a beta of 2.24.

MGM Resorts International (NYSE:MGM) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.56 by $0.18. The firm had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.24 billion. MGM Resorts International had a net margin of 5.35% and a return on equity of 23.62%. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 EPS. As a group, analysts expect that MGM Resorts International will post 3 EPS for the current fiscal year.

MGM Resorts International 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.