Schroder Investment Management Group owned 0.28% of MGM Resorts International worth $52,984,000 as of its most recent SEC filing.
Murren said MGM Bridgeport can be "a major economic force, a top-tier entertainment resort, and an essential contributor to this community". Similar statistics are true for the second largest owner, Price T Rowe Associates Inc /Md/, which owns 35,985,465 shares of the stock are valued at $1.15 billion. MGM Resorts had 43 analyst reports since August 5, 2015 according to SRatingsIntel.
For the Current Quarter, the growth estimate for MGM Resorts International is -39.7%, while for the Next Quarter the stock growth estimate is 100%.
The stock has Return on Assets (ROA) of 3.5 percent. Moreover, Private Advisor Group Inc Ltd has 0.01% invested in MGM Resorts International (NYSE:MGM) for 14,992 shares. With so many names near all-time highs, investors may need to crunch the numbers to evaluate which stocks are still a good buy even at current price levels. MGM's financial leverage ratio is 1.8, which indicates that the company's asset base is primarily funded by equity capital.
Several brokerages have weighed in on MGM. BidaskClub downgraded MGM Resorts International from a strong-buy rating to a buy rating in a research report on Tuesday, August 1st. Zacks Investment Research downgraded MGM Resorts International from a hold rating to a sell rating in a research report on Wednesday, June 28th. Bank of America Corporation restated a "buy" rating and issued a $40.00 price target (up from $38.00) on shares of MGM Resorts International in a research note on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have given a buy rating to the stock. (NYSE:UAL). At the time of writing, the First Call consensus price target for the company is $81.38. If you are accessing this story on another website, it was illegally copied and republished in violation of United States and global copyright laws.
TRADEMARK VIOLATION WARNING: This report was originally posted by TrueBlueTribune and is the sole property of of TrueBlueTribune. About shares traded. MGM Resorts International (NYSE:MGM) has risen 45.28% since September 18, 2016 and is uptrending. Royal Bancorp Of Canada invested in 17,900 shares or 0% of the stock. The stock has a 50-day moving average of $32.03 and a 200-day moving average of $30.60. Finally, Deutsche Bank AG reissued a "buy" rating and issued a $36.00 price target (up previously from $34.00) on shares of MGM Resorts International in a research report on Sunday, July 30th. Toronto Dominion Bank lifted its position in MGM Resorts International by 28.0% during the 1st quarter.
MGM Resorts International (MGM) reported earning per shares for the quarter ending Oct 26 BMO at 0.3, whereas, 11 number of analysts estimated the mean EPS at 0.35. The firm had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.67 billion. The business's revenue for the quarter was up 16.4% compared to the same quarter a year ago. Commerzbank Aktiengesellschaft Fi has invested 0.02% in MGM Resorts International (NYSE:MGM).
Institutions own 76.43% of MGM Resorts International (MGM)'s shares. The ROIC 5 year average is 0.142904 and the ROIC Quality ratio is 3.440052. This buyback authorization allows the company to reacquire up to 5.3% of its shares through open market purchases.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Monday, September 11th were issued a $0.11 dividend. "Declares a Monthly Income Dividend" on September 12, 2017. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.38%. Gates Mngmt invested 3.35% of its portfolio in MGM Resorts International (NYSE:MGM). About 8.65M shares traded or 18.33% up from the average. Following the sale, the director now directly owns 10,724 shares of the company's stock, valued at approximately $362,792.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. About 75,405 shares traded or 31.02% up from the average. Similarly, Price to cash flow ratio is another helpful ratio in determining a company's value.