A stock experiencing a high level of volatility has a higher ATR, and a low volatility stock has a lower ATR. Looking at this figure it suggests that the shares of MGM Resorts International (MGM) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that MGM Resorts International (MGM) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued. Nomura reaffirmed a "buy" rating and set a $34.00 target price on shares of MGM Resorts International in a research report on Thursday, December 15th.
In the liquidity ratio analysis; quick ratio for most recent quarter was 0.90 while current ratio for time period was 1.00. The company has a consensus rating of "Buy" and an average target price of $32.61. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.17 by $0.06. Metropolitan Life Insurance New York reported 0% in MGM Resorts International (NYSE:MGM). The stock has a 50 day moving average of $26.74 and a 200 day moving average of $27.66.
The share price of the company (NYSE:MGM) was down -0.51%, with a high of 27.84 during the day and the volume of MGM Resorts International shares traded was 3059522.
The share of MGM Resorts International (MGM) now has a value of $27.57 while the company's 52 week low is at $21.03, the shares dropped to the 52 week low on 05/04/16. The Return on Equity (ROE) value stands at 19%. The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.44 billion.
EPS growth in next year is estimated to reach 26.49% while EPS growth estimate for this year is set at 332.90%. The firm's revenue for the quarter was up 12.3% on a year-over-year basis. It improved, as 31 investors sold MGM shares while 121 reduced holdings. Investors of record on Friday, March 10th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, March 8th. If you are accessing this story on another publication, it was illegally copied and reposted in violation of US and global copyright and trademark legislation. Ladenburg Thalmann Financial Services Inc. raised its position in MGM Resorts International by 15.5% in the fourth quarter. Following the transaction, the director now owns 1,350 shares of the company's stock, valued at $36,099. The shares were sold at an average price of $26.26, for a total value of $2,787,761.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
MGM Resorts International (NYSE:MGM) is another stock that is grabbing investors attention these days. The stock's average true range of stands at 0.62, while the relative strength index is 58.92. Following the completion of the transaction, the insider now owns 316,044 shares in the company, valued at $8,299,315.44. The disclosure for this sale can be found here. That's why this number shouldn't be looked at in isolation, but should be compared to a company's peer group as well as its sector. Creative Planning now owns 112,600 shares of the company's stock valued at $3,085,000 after buying an additional 12,893 shares during the period. Chevy Chase Trust Holdings Inc. raised its stake in MGM Resorts International by 7.4% in the first quarter. Shares have risen 5.34% over the trailing 6 months. Harris Associates L P now owns 16,243,974 shares of the company's stock valued at $422,830,000 after buying an additional 15,244,874 shares during the period.
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MGM Resorts International (NYSE:MGM) was the recipient of unusually large options trading on Wednesday.
ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business.
A number of hedge funds have recently bought and sold shares of the stock.
02/08/2017 - MGM Resorts International had its "overweight" rating reiterated by analysts at JP Morgan. The Company, through its subsidiaries, owns and operates casino resorts.
MGM Resorts International is a holding company. Its domestic resorts segment consists of non-gaming operations, including hotel, food and beverage, entertainment and other non-gaming amenities.