Institutional Holdings and Trade Data for MGM Resorts International (MGM)

In the past 52-week period, shares of MGM Resorts International (NYSE:MGM) have moved within the range of $25.15 to $34.65. On the stock’s most recent trading day, the company’s shares ended the regular session at $32.71, which is 5.6% lower than its 52-week high.

MGM Resorts International (MGM) has demonstrated a 20-day simple moving average (SMA) of -2.14%, and a 50-day SMA of 2.32%. This public company’s current market capitalization stands at $18.38 billion.

Analyzing Consensus Estimates, Sales Revenue and Net Income

Checking the amount of enthusiasm that Wall Street analysts hold for a particular stock is crucial when thinking about entering a position. According to the latest data, the consensus recommendation for MGM Resorts International (MGM) is Outperform.

Public companies normally post earnings and revenue results that fall somewhat above or below the average Wall Street estimate. In the most recent quarterly financial report, for the quarter ending Sep. 2017, MGM Resorts International (MGM) delivered a 1.94% surprise with its net revenue. Sales reached $2.83 billion during the three-month period, compared to the average analyst estimate of $2.77 billion.

Meanwhile, during the same quarter MGM Resorts International (MGM) delivered a 1.02% earnings surprise. Net earnings for the quarter were posted at $0.34 per share, whereas Wall Street had forecast $0.34 per share.

Ownership at MGM Resorts International (MGM), According to Most Recent SEC Filings

A publicly-traded organization’s latest 13F filings tell us important details about its institutional ownership. MGM Resorts International (MGM) has 0 billion shares outstanding currently, 84.19% of which belong to institutional investors. Those institutional holdings amount to $15.89 billion.

Additionally, according to the most recent 13F filing from MGM Resorts International (MGM), there were 101 new positions totaling 21,314,908 shares of the company’s stock. There were 53 sold out positions, on the other hand, totaling 10,824,766 shares.

Short, Medium and Long Term Indicators

Assessing the average trade volume of a public company’s stock in the short, medium and long term is helpful to gain an understanding of trading activity and investor sentiment. MGM Resorts International (MGM) has had a 20-day average volume of 6,556,105 shares, with an average of 40% of short term indicators pointed at Sell.

The stock’s 50-day average volume has been 7,651,224 shares, with an average of 25% of medium term indicators pointing toward Buy. Finally, its 100-day average volume is 9,019,644 shares with 0% of long-term indicators pointing to Hold.