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MGM Pitches Park City Casino

MGM Pitches Park City Casino

IFP Advisors Inc raised its stake in shares of MGM Resorts International by 0.7% in the first quarter. 21,441 MGM Resorts International (NYSE:MGM) shares with value of $677,570 were sold by SANDERS COREY IAN. Nwi Management Lp sold 410,000 shares as the company's stock rose 17.48% with the market. IFP Advisors Inc lifted its position in MGM Resorts International by 0.7% during the 1st quarter. The Virginia-based Yorktown Management & Research Co Inc has invested 0.71% in the stock. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.41 average brokerage recommendation. Finally, Cigna Investments Inc. MGM Resorts International (NYSE:MGM) has risen 45.28% since September 18, 2016 and is uptrending.

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Since May 1, 2017, it had 0 insider purchases, and 9 sales for $3.33 million activity. These ratios are important while doing valuation of the company or the shares of the company. About 8.65M shares traded or 18.33% up from the average. Horizon Kinetics Llc sold 358,250 shares as the company's stock rose 17.48% with the market. The disclosure for this sale can be found here. In the last ninety days, insiders sold 819,831 shares of company stock valued at $27,686,927. MGM Resorts International disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CHIEF CUSTOMER DEV OFFICER Baldwin Robert has sold 49,179 shares of MGM Resorts International (MGM) in trading session dated Sep. Royal Bancorp Of Canada invested in 17,900 shares or 0% of the stock. The firm's 50-day moving average price is $32.03 and its 200-day moving average price is $30.60. Karpus Management Inc who had been investing in Morgan Stanley Trusts Income Secs Inc for a number of months, seems to be bullish on the $163.49M market cap company. MGM Resorts International has a 1-year low of $24.78 and a 1-year high of $34.65. Finally, Colony Group LLC bought a new stake in MGM Resorts International during the 2nd quarter worth about $203,000. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.67 billion. The company's revenue for the quarter was up 16.4% on a year-over-year basis. While in the same Quarter Previous year, the Actual EPS was $0.58. Equities research analysts anticipate that MGM Resorts International will post $1.29 EPS for the current year.

Hingis, Chan capture US Open women's doubles crown
Michael Venus has fallen just short of becoming the first New Zealander to win two grand slam tennis titles in the same year. The milestone comes just 24 hours after she won the mixed doubles title at Flushing Meadows with Britain's Jamie Murray .


The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. The firm has "Hold" rating by Deutsche Bank given on Monday, September 11. Wells Fargo And Co Mn holds 0.01% or 1.31 million shares. More interesting news about MGM Resorts International (NYSE:MGM) were released by: Nasdaq.com and their article: "MGM Resorts International (MGM) Ex-Dividend Date Scheduled for September 08, 2017" published on September 07, 2017 as well as Nasdaq.com's news article titled: "Ex-Dividend Reminder: James River Group Holdings, Chico's FAS and MGM Resorts ..." with publication date: September 06, 2017. MGM Resorts International's dividend payout ratio (DPR) is presently 26.04%.

MGM Resorts International revealed plans on Monday for a $675 million waterfront casino in Connecticut's largest city, the latest salvo in a competition with two Native American tribes that run two of the world's largest casinos in the southeastern part of the state. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Several brokerages have weighed in on MGM. Argus Research upgraded the shares of MGM in report on Thursday, October 6 to "Buy" rating. Looking out over the past year, company shares have been recorded -7.58% off the 52 week high and 29.24% away from the low over the same period.Covering sell-side analysts have recently weighed in on shares of MGM Resorts International (NYSE:MGM). 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. The company has an average rating of Buy and a consensus price target of $35.12.


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