Yesterday, a Director at MGM Resorts (MGM), Mary Christine Gay, bought shares of MGM for $100.9K.
Following this transaction Mary Christine Gay’s holding in the company was increased by 25.81% to a total of $486.4K. This is Gay’s first Buy trade following 4 Sell transactions.
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Based on MGM Resorts’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $3.05 billion and GAAP net loss of $23.33 million. In comparison, last year the company earned revenue of $2.6 billion and had a net profit of $1.38 billion. MGM’s market cap is $14.23B and the company has a P/E ratio of 33.47. Currently, MGM Resorts has an average volume of 5.52M.
Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $34.88, reflecting a 29.3% upside. Six different firms, including Barclays and Merrill Lynch, currently also have a Buy rating on the stock.
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MGM Resorts International is a holding company, which engages in the ownership and operations of casino resorts. The firm’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. It operates through the following business segments: Domestic Resorts, MGM China, and Corporate and Other.
