Inside Stories

MGM Resorts International (MGM) Reports Insider JAMES PHYLLIS’s sold Of 19,149 Shares

MGM Resorts International (NYSE:MGM) has seen its stock price gain 1.72, or +5.15%, so far in 2017. In the past 3-month period alone, shares of MGM have appreciated +4.21 – or +13.62%. The stock’s 52-week range is $25.15 to $34.65, and its 3-month range is $29.53 to $35.13.

The average Wall Street analyst rating for MGM Resorts International is Strong Buy, according to the average of 11 analyst scores. Of those analysts, 6 rate stock as a Strong Buy, 4 rate it as Hold, and just no analyst rates it as a Moderate Sell.

Insider Trading Activity for MGM Resorts International

To gain some better insight into how MGM Resorts International (NYSE:MGM) is performing, let’s look at some of the company’s recent insider trading activity. MGM Resorts International has had 5 insider trades in the last 3 months, including 0 open market buys and 5 sells. Of those insider trades, 0 shares of MGM Resorts International were purchased and 100,749 shares were sold. The total number of shares traded in the last 90-day period is 100,749.

Insider trading over the last 12 months, however, paints a different picture. In the last year there have been a total of 99 insider trades, including 13 open market buys and 86 sells. Of those transactions, there were 30 million shares of MGM bought and 7.02 million shares sold. The total number of shares traded in the last 12 months is 37.02 million.

The most recent open market insider trade was Sell of 19,149 shares on a day where the closing price was 33.64. The insider, JAMES PHYLLIS, now holds 8,961 shares of MGM.

The most recent non open market insider trade was completed by BIBLE WILLIAM A on 11/22/2017, and was a disposition of 3,872 shares with a final price of $33.24. The insider now holds 23,209 shares of MGM Resorts International (MGM).

Examining Institutional Ownership at MGM Resorts International (NYSE:MGM)

According to MGM Resorts International’s latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 83.47%. The total amount of shares outstanding is 562.30 million, giving the company a market capitalization of about 19.74 billion.

There are 518 institutional holders with active positions, accounting for 472.56 million shares in total. Of those holders, 271 had increased positions amounting to 85.94 million shares, 190 had decreased positions amounting to 46.72 million shares, and 57 holders have a held position accounting for 339.9 million shares.

The top 5 institutional holders, in ascending order, are as follows: VANGUARD GROUP INC with 50.82 million shares, CAPITAL RESEARCH GLOBAL INVESTORS with 32.28 million shares, BLACKROCK INC. with 29.71 million shares, PRICE T ROWE ASSOCIATES INC /MD/ with 23.21 million shares, and HARRIS ASSOCIATES L P with 21.04 million shares.

According to MGM Resorts International (MGM) most recent 13F filing, the company has 96 new institutional holders – accounting for 21.05 million shares of its common stock. There were 50 sold out positions, amounting to 10.55 million shares.

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