Allianz Asset Management GmbH Reduces Position in MGM Resorts International by 35.1%

Are you interested in the latest news about MGM Resorts International (NYSE:MGM)? Well, you’re in luck because we have all the insider information you need right here! Allianz Asset Management GmbH recently reduced its position in MGM Resorts International by 35.1% in the 4th quarter, according to their most recent 13F filing with the SEC. They sold 52,390 shares, bringing their total holdings to 96,968 shares valued at $4,333,000.

But that’s not all – other large investors have also been making moves with MGM Resorts International. CVA Family Office LLC acquired a new position in the company, while Sunbelt Securities Inc., Massmutual Trust Co. FSB ADV, Sandy Spring Bank, and Huntington National Bank all raised their positions in the company during various quarters.

In terms of insider activity, Director Daniel J. Taylor and Director Keith A. Meister have both recently sold shares of MGM Resorts International. Taylor sold 4,344 shares at an average price of $41.02, while Meister sold 325,000 shares at an average price of $42.90.

Despite these changes, MGM Resorts International’s stock has seen a 2.4% increase. The company recently reported earnings per share of $0.74 for the quarter, beating analysts’ estimates. Wall Street analysts have also been bullish on the stock, with several increasing their target prices and ratings for MGM Resorts International.

If you want to learn more about MGM Resorts International and stay up-to-date on the latest news and insider activity, be sure to check out HoldingsChannel.com for the most recent 13F filings and insider trades. And if you’re looking for other investment opportunities, MarketBeat has identified five stocks that top analysts are recommending for strong growth potential.

Don’t miss out on the latest updates and insights into MGM Resorts International and other top-performing stocks. Share this article with a colleague and stay informed about the latest market trends!