<div id="readability-page-1"><p>Key Colony Management LLC lessened its stake in  MGM Resorts International (NYSE:MGM - Free Report) by 82.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 110,000 shares of the company's stock after selling 505,000 shares during the quarter. MGM Resorts International makes up  approximately  5.2% of Key Colony Management LLC's portfolio, making the stock its 4th biggest holding. Key Colony Management LLC's holdings in MGM Resorts International were worth $3,813,000 at the end of the most recent reporting period.</p><ul><li>3 Bargain Stocks the Market Is Sleeping on Right Now</li></ul><p>Several other institutional investors have also bought and sold shares of the company. Davis Selected Advisers increased its position in  MGM Resorts International by 14.4% in the second quarter. Davis Selected Advisers now owns 23,821,109 shares of the company's stock worth $819,208,000 after buying an additional 3,006,052 shares during the last quarter.  Helikon Investments Ltd grew its stake in shares of  MGM Resorts International by 379.9% during the 2nd quarter. Helikon Investments Ltd now owns 8,810,322 shares of the company's stock worth $302,987,000 after acquiring an additional 6,974,347 shares during the period.  Goldentree Asset Management LP increased its holdings in  MGM Resorts International by 20.7% in the 2nd quarter. Goldentree Asset Management LP now owns 5,402,092 shares of the company's stock worth $185,778,000 after acquiring an additional 924,810 shares during the last quarter.  Kingstone Capital Partners Texas LLC purchased a new stake in  MGM Resorts International in the 2nd quarter worth about $171,632,000.  Finally, Arrowstreet Capital Limited Partnership raised its stake in  MGM Resorts International by 119.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,212,114 shares of the company's stock valued at $144,855,000 after acquiring an additional 2,293,797 shares during the period. Hedge funds and other institutional investors own  68.11% of the company's stock. </p><h2>Wall Street Analyst Weigh In</h2><p>A number of equities analysts have weighed in on the stock. Citigroup cut their target price on shares of MGM Resorts International from $51.00 to $47.50 and set a &#34;buy&#34; rating for the company in a research report on Thursday, October 30th. Argus dropped their price target on shares of MGM Resorts International from $45.00 to $40.00 and set a &#34;buy&#34; rating on the stock in a research note on Friday, November 14th. Wells Fargo &amp; Company initiated coverage on shares of MGM Resorts International in a research note on Tuesday, November 18th. They issued an &#34;underweight&#34; rating and a $29.00 price objective for the company. Weiss Ratings  reissued a &#34;sell (d)&#34; rating on shares of MGM Resorts International in a report on Monday. Finally, Truist Financial cut their price target on MGM Resorts International from $48.00 to $47.00 and set a &#34;buy&#34; rating for the company in a report on Thursday, October 30th. Twelve research analysts have rated the stock with a Buy rating, eight have assigned  a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the stock  has an average rating of &#34;Hold&#34; and a consensus target price of $45.31.</p><ul><li>Is Bally’s Turnaround a Safe Bet Amid Mixed Investor Sentiment?</li></ul><p><b>Read Our Latest Report on MGM Resorts International</b></p><h2>MGM Resorts International Stock Performance</h2><p>NYSE MGM opened at $36.78 on Wednesday. The company's 50 day simple moving average is $33.32 and its two-hundred day simple moving average is $34.92. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.23 and a quick ratio of 1.19. MGM Resorts International has a 1 year low of $25.30 and a 1 year high of $41.32. The stock has a market capitalization of $10.06 billion, a PE ratio of 229.86, a P/E/G ratio of 2.77 and a beta of 1.48. </p><ul><li>MGM vs. Las Vegas Sands: Which Casino Stock Is the Better Bet?</li></ul><p>MGM Resorts International (NYSE:MGM - Get Free Report) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.13). MGM Resorts International had a net margin of 0.40% and a return on equity of 17.23%. The firm had revenue of $4.25 billion for the quarter, compared to analysts' expectations of $4.24 billion. During the same quarter last year, the firm earned $0.54 earnings per share. The firm's revenue for the quarter was up 1.6% on a year-over-year basis.  Analysts predict that  MGM Resorts International will post 2.21 earnings per share for the current fiscal year. </p><h2>Insider Buying and Selling</h2><p>In other MGM Resorts International news, major shareholder Iac Inc. bought 1,098,748 shares of the firm's stock in a transaction on Friday, December 5th. The shares were acquired at an average cost of $36.30 per share, for a total transaction of $39,884,552.40. Following the purchase, the insider directly owned 65,822,350 shares of the company's stock, valued at $2,389,351,305. The trade was a 1.70% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is available through the SEC website. 3.06% of the stock is currently owned by insiders. </p><h2>MGM Resorts International Company Profile</h2> (Free Report)<p>MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and internationally. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.</p><h2>See Also</h2><ul><li>Five stocks we like better than MGM Resorts International</li><li>3 Dividend Kings To Consider</li><li>AI Chips Can’t Exist Without These 2 Underrated Tech Giants</li><li>Basic Materials Stocks Investing</li><li>Why Taiwan Semiconductor's 6.5% Dip Could Be a Smart Buy</li><li>How Can Investors Benefit From After-Hours Trading</li><li>RTX Surges to Record Highs as Defense Orders Explode</li></ul><p><strong>Want to see what other hedge funds are holding MGM?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MGM Resorts International (NYSE:MGM - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU1HTQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU1HTQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in MGM Resorts International Right Now?</h2><p>Before you consider MGM Resorts International, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MGM Resorts International wasn't on the list.</p><p>While MGM Resorts International currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Key Colony Management LLC reduced its stake in MGM Resorts International by 82.1% in Q3, owning 110,000 shares worth $3.81 million. Other institutional investors adjusted their positions in MGM, with mixed analyst ratings. MGM's stock opened at $36.78, with a market cap of $10.06 billion. The company reported Q3 earnings of $0.24 per share, missing estimates, with revenue of $4.25 billion, up 1.6% year-over-year.</p>

Key Colony Management LLC Has $3.81 Million Holdings in MGM Resorts International $MGM