MGM Resorts International (MGM) to Buyback $1.00 billion in Stock

MGM Resorts buys back 10 mln shares for US$328 mln
Analyst's Indicator Review for Aetna Inc. (AET), Stryker Corporation (SYK)
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13 September, 2017

There are 490 institutional holders with active positions, accounting for 439.64 million shares in total. The trading saw a strength at $12.37, the 52-week high. About shares traded. Anadarko Petroleum Corporation (NYSE:APC) has risen 8.29% since September 13, 2016 and is uptrending. It has underperformed by 15.89% the S&P500.

Cipher Capital LP acquired a new position in shares of MGM Resorts International (NYSE:MGM) in the 2nd quarter, according to its most recent Form 13F filing with the SEC.

The share price of the company (NYSE:MGM) was down -1.00%, with a high of 33.30 during the day and the volume of MGM Resorts International shares traded was 10527384. The Capital World Investors holds 17.26M shares with $497.67 million value, down from 17.80 million last quarter. MGM Resorts International (NYSE:MGM) has risen 45.28% since September 13, 2016 and is uptrending. This represents a $0.44 annualized dividend and a dividend yield of 1.34%. The correct version of this piece of content can be accessed at https://stocknewstimes.com/2017/09/13/mgm-resorts-international-mgm-to-repurchase-1-00-billion-in-shares.html. It has outperformed by 28.58% the S&P500. It also upped 26 stake by 90,800 shares and now owns 112,000 shares.

Since March 14, 2017, it had 0 insider purchases, and 9 selling transactions for $3.33 million activity.

More notable recent MGM Resorts International (NYSE:MGM) news were published by: Reviewjournal.com which released: "MGM Resorts takes on problem gambling with new program" on August 16, 2017, also Nasdaq.com with their article: "Ex-Dividend Reminder: James River Group Holdings, Chico's FAS and MGM Resorts ..." published on September 06, 2017, Nasdaq.com published: "MGM Resorts International (MGM) Ex-Dividend Date Scheduled for September 08, 2017" on September 07, 2017. 1,196,975 shares of the company's stock traded hands. Over the last quarter, insiders sold 819,831 shares of company stock worth $27,686,927. GAY MARY CHRISTINE sold $105,568 worth of stock. The insider SANDERS COREY IAN sold 19,855 shares worth $615,686. McManus John sold 10,000 shares worth $312,773. On average, equities research analysts expect that MGM Resorts International will post $1.29 EPS for the current year. On Thursday, August 11 the stock rating was initiated by Buckingham Research with "Buy". Telsey Advisory Group maintained MGM Resorts International (NYSE:MGM) on Friday, June 17 with "Outperform" rating. Stifel Nicolaus increased their price target on MGM Resorts International from $30.00 to $33.00 and gave the company a "buy" rating in a research note on Tuesday, November 8th. On Monday, June 20 the stock rating was maintained by Susquehanna with "Positive". UBS downgraded the shares of MGM in report on Tuesday, August 1 to "Neutral" rating.

Investors sentiment decreased to 1.01 in 2016 Q4. Its up 0.43, from 0.98 in 2016Q3. 93 funds opened positions while 121 raised stakes. Perhaps most importantly where cash movements are concerned, the company saw about 833.69 million in net operating cash flow. Blackrock Fund Advisors holds 0.03% or 4.98M shares in its portfolio. Toronto Dominion Bank lifted its position in MGM Resorts International by 28.0% in the 1st quarter. New Jersey Better Educational Savings reported 14,000 shares. 259 are owned by Earnest Ptnrs. Fifth Third Natl Bank holds 950 shares. Segantii Mgmt Limited has 56,700 shares for 0.44% of their portfolio. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Management owns 69,710 shares or 0.02% of their U.S. portfolio. 477,645 were reported by Invesco Ltd. Jane Street Grp Ltd Liability Corp holds 264,380 shares or 0.03% of its portfolio. 18,900 are owned by Highbridge Capital Management. Moreover, Frontier Capital Ltd Liability Com has 0.51% invested in MGM Resorts International (NYSE:MGM).

Since January 1, 0001, it had 0 insider buys, and 1 insider sale for $10,545 activity. Its down 0.20, from 1.02 in 2016Q3. Southeast Asset Advisors Inc. owns 234,274 shares or 1.69% of their USA portfolio. 34,276 are owned by Ingalls Snyder Ltd Liability Co. The stock declined 0.70% or $0.23 reaching $32.52 per share. Fiera reported 4,285 shares. During the same quarter in the previous year, the company posted $0.29 earnings per share. Burt Wealth Advsr reported 200 shares. Jpmorgan Chase Co invested in 0% or 587,787 shares. Quantitative Systematic Strategies Ltd Liability owns 23,447 shares for 0.67% of their portfolio. Credit Agricole S A accumulated 218,881 shares. The Washington-based Glacier Peak Capital Llc has invested 0.64% in the stock. Supplemental Annuity Collective Trust Of Nj has 6,000 shares for 0.2% of their portfolio. One analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have assigned a buy rating to the company. Therefore 78% are positive. As per Monday, August 31, the company rating was downgraded by Vetr. The rating was upgraded by Argus Research on Thursday, October 6 to "Buy".


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