Published: Mon, September 18, 2017
Finance | By Loren Pratt

MGM announces plans for new CT casino

MGM announces plans for new CT casino

Robert Baldwin, CHIEF CUSTOMER DEV OFFICER sold $1,629,300 worth of shares at an average price of $33.13 on Monday the 11th. The company's stock had a trading volume of 2,538,914 shares. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of MGM Resorts International (MGM) opened at 31.92 on Monday. The company has a 50-day moving average price of $32.03 and a 200 day moving average price of $30.60. The firm has a market cap of $18.36 billion, a price-to-earnings ratio of 18.90 and a beta of 1.48. MGM Resorts International has a 1-year low of $24.78 and a 1-year high of $34.65. Tocqueville Asset Mngmt LP has invested 0.29% of its portfolio in MGM Resorts International (NYSE:MGM). The firm had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.67 billion. $370,375 worth of MGM Resorts International (NYSE:MGM) was sold by Mandekic Anthony Leo on Monday, May 1. The business's quarterly revenue was up 16.4% on a year-over-year basis. TAYLOR DANIEL J also sold $369,247 worth of MGM Resorts International (NYSE:MGM) shares. The firm has "Buy" rating given on Friday, February 17 by Stifel Nicolaus. First Western Capital Management Company sold 12,900 shares as the company's stock rose 17.48% with the market. Shares buyback programs are often a sign that the company's board believes its shares are undervalued. Marketwatch.com's news article titled: "3M, Boeing, Apple stocks deliver a 50-point boost to Dow industrials record climb" with publication date: September 15, 2017 was also an interesting one.

Since May 1, 2017, it had 0 insider purchases, and 9 insider sales for $3.33 million activity. Rech Global Investors has invested 0.28% in MGM Resorts International (NYSE:MGM). Ls Advsrs Lc has invested 0.01% in MGM Resorts International (NYSE:MGM). The correct version of this report can be viewed at https://weekherald.com/2017/09/18/mgm-resorts-international-mgm-cut-to-hold-at-deutsche-bank-ag.html. Coca-Cola Enterprises Inc. had 56 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of MGM Resorts International (NYSE:MGM) has "Hold" rating given on Wednesday, August 5 by Zacks. They now have $36.00 target price on the stock. The stock of MGM Resorts International (NYSE:MGM) earned "Hold" rating by Deutsche Bank on Monday, September 11. Telsey Advisory Group upped their price objective on MGM Resorts International from $36.00 to $39.00 and gave the stock an "outperform" rating in a report on Friday, July 28th. After $0.31 actual earnings per share reported by MGM Resorts International for the previous quarter, Wall Street now forecasts 9.68% EPS growth.


Several equities research analysts recently weighed in on the company. Morgan Stanley reaffirmed an "overweight" rating and set a $34.00 target price (up from $33.00) on shares of MGM Resorts International in a report on Monday, July 10th. Strs Ohio has 0% invested in MGM Resorts International (NYSE:MGM) for 38,194 shares. Following the sale, the director now directly owns 11,208 shares in the company, valued at approximately $357,311.04. Toronto Dominion Bank boosted its position in shares of MGM Resorts International by 28.0% in the 1st quarter. Lindekugel Jon T also sold $256,388 worth of 3M Co (NYSE:MMM) shares.

Additional details regarding the plans for MGM Bridgeport will be provided during the announcement. IFP Advisors Inc now owns 4,558 shares of the company's stock worth $125,000 after purchasing an additional 31 shares in the last quarter. Great West Life Assurance Co. Point72 Asset Mgmt Limited Partnership owns 2.39M shares or 0.48% of their U.S. portfolio. As of the latest earnings report the EPS was $1.69 and is projected to be $1.29 for the current year with 575,192,000 shares presently outstanding. Following the completion of the sale, the chief executive officer now owns 71,442 shares in the company, valued at $2,434,743.36. Hedge funds and other institutional investors own 75.22% of the company's stock.

Lord Abbett & Company, which manages about $32.94 billion US Long portfolio, decreased its stake in Vail Resorts Inc Com (NYSE:MTN) by 288,018 shares to 118,508 shares, valued at $19.12 million in 2016Q4, according to the filing. The Company operates in two segments: domestic resorts and MGM China.

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