Mgm Resorts International Stock Today
| MGM Stock | USD 37.80 0.21 0.55% |
Performance0 of 100
| Odds Of DistressLess than 1
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MGM Resorts is selling at 37.80 as of the 24th of November 2024; that is 0.55 percent decrease since the beginning of the trading day. The stock's lowest day price was 37.59. MGM Resorts has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Note, on October 5, 2021, Representative Thomas Suozzi of US Congress acquired $15k to $50k worth of MGM Resorts International's common stock.
Business Domain Consumer Services | IPO Date 12th of January 1990 | Category Consumer Cyclical | Classification Consumer Discretionary |
MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and Macau. MGM Resorts International was incorporated in 1986 and is based in Las Vegas, Nevada. MGM Resorts operates under Resorts Casinos classification in the United States and is traded on New York Stock Exchange. The company has 297.74 M outstanding shares of which 13.93 M shares are now shorted by investors with about 3.52 days to cover. More on MGM Resorts International
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MGM Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| CEO President | William IV | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Hotels, Restaurants & Leisure, Consumer Services, Consumer Discretionary, NYSE Composite, SP 500 Index, Hedge Favorites, Restaraunts Hotels Motels, Casinos, Consumer Discretionary, Hotels, Restaurants & Leisure, Resorts & Casinos, Consumer Cyclical (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Excise Tax Activities | Gambling | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsMGM Resorts can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand MGM Resorts' financial leverage. It provides some insight into what part of MGM Resorts' total assets is financed by creditors.
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MGM Resorts International (MGM) is traded on New York Stock Exchange in USA. It is located in 3600 Las Vegas Boulevard South, Las Vegas, NV, United States, 89109 and employs 58,000 people. MGM Resorts is listed under Hotels, Restaurants & Leisure category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 11.25 B. MGM Resorts International runs under Hotels, Restaurants & Leisure sector within Consumer Discretionary industry. The entity has 297.74 M outstanding shares of which 13.93 M shares are now shorted by investors with about 3.52 days to cover.
MGM Resorts International has about 5.91 B in cash with 2.69 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 13.79.
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Ownership AllocationMGM Resorts International maintains a total of 297.74 Million outstanding shares. Over half of MGM Resorts' outstanding shares are owned by institutional investors. These institutional investors are typically referred to as corporate investors that shop for positions in a given instrument to benefit from reduced trade commissions. Please note that on October 5, 2021, Representative Thomas Suozzi of US Congress acquired $15k to $50k worth of MGM Resorts International's common stock.
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MGM Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Bank Of America Corp | 2024-06-30 | 3.9 M | |
| Goldentree Asset Management Lp | 2024-09-30 | 3 M | |
| Lsv Asset Management | 2024-09-30 | 2.8 M | |
| Norges Bank | 2024-06-30 | 2.8 M | |
| Hg Vora Capital Management Llc | 2024-09-30 | 2.5 M | |
| Dimensional Fund Advisors, Inc. | 2024-09-30 | 2.4 M | |
| Ubs Asset Mgmt Americas Inc | 2024-09-30 | 2.3 M | |
| Goldman Sachs Group Inc | 2024-06-30 | 2.3 M | |
| Charles Schwab Investment Management Inc | 2024-09-30 | 2.2 M | |
| Vanguard Group Inc | 2024-09-30 | 27.2 M | |
| Blackrock Inc | 2024-06-30 | 21.6 M |
MGM Resorts Historical Income Statement
MGM Stock Against Markets
MGM Resorts Corporate Directors
| Alexis Herman | Independent Director | Profile | |
| Jan Swartz | Independent Director | Profile | |
| William Grounds | Director | Profile | |
| Joey Levin | Independent Director | Profile |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MGM Resorts International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MGM Resorts. If investors know MGM will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MGM Resorts listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.326 | Earnings Share 2.79 | Revenue Per Share 54.26 | Quarterly Revenue Growth 0.053 | Return On Assets 0.0254 |
The market value of MGM Resorts International is measured differently than its book value, which is the value of MGM that is recorded on the company's balance sheet. Investors also form their own opinion of MGM Resorts' value that differs from its market value or its book value, called intrinsic value, which is MGM Resorts' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MGM Resorts' market value can be influenced by many factors that don't directly affect MGM Resorts' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MGM Resorts' value and its price as these two are different measures arrived at by different means. Investors typically determine if MGM Resorts is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MGM Resorts' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.