Quick Summary
- Keith Meister, a director at MGM Resorts, offloaded 37,500 shares on March 9, 2026, priced at $34.27 apiece for a total of $1,285,125
- After the transaction, Meister retains 5,347,978 shares worth approximately $183.3 million — the divestment cut his position by just 0.70%
- Fourth quarter earnings demolished expectations with $1.60 EPS versus a consensus of $0.64; revenue reached $4.61B against forecasts of $4.42B
- Shares closed Monday at $35.66 with the company sporting a $9.12 billion market valuation
- Wall Street maintains a “Hold” consensus rating with analysts projecting a $41.94 average price objective
Director Keith Meister executed a sale of 37,500 shares in MGM Resorts International (MGM) on March 9, 2026, with an average execution price of $34.27 per share. The divestment generated proceeds of $1,285,125.
MGM Resorts International, MGM
Documentation submitted to the Securities & Exchange Commission shows the transaction decreased Meister’s ownership by 0.70%. His current holdings stand at 5,347,978 shares, representing a market value of roughly $183.3 million.
While insider transactions typically draw scrutiny from investors, the broader picture deserves consideration. Meister continues to rank among MGM’s most significant individual shareholders, and a reduction below 1% hardly signals wholesale abandonment.
During the trading session when the sale occurred, MGM stock climbed $0.09 to close at $35.66. Volume reached 7,072,754 shares, substantially exceeding the typical daily average of 5,098,417.
The equity’s 52-week trading band spans from $25.30 on the low end to $40.16 at the peak. The 50-day moving average currently registers at $35.37, while the 200-day moving average comes in at $34.95 — positioning the stock slightly above both technical benchmarks.
MGM commands a market capitalization of $9.12 billion, trades at a price-to-earnings multiple of 47.54, and carries a beta coefficient of 1.38. The company’s debt-to-equity ratio registers at 1.91.
Fourth Quarter Results Exceed Projections
MGM unveiled its Q4 financial performance on February 4, 2026. The hospitality and gaming giant delivered earnings per share of $1.60, demolishing the Street consensus of $0.64 by a remarkable $0.96 margin.
Quarterly revenue totaled $4.61 billion, surpassing analyst projections of $4.42 billion. During the comparable period in the prior year, MGM generated EPS of $0.45.
The company achieved a return on equity of 26.04% alongside a net margin of 1.17%. Current forecasts from the analyst community point toward full-year EPS of $2.21.
Options market participants have shown varied sentiment on MGM ahead of the upcoming April 29 earnings announcement. Trading flow has alternated between defensive puts and bullish calls, driving implied volatility metrics higher.
Wall Street’s Take on Valuation
Analyst opinion on MGM remains fragmented. Following the impressive Q4 performance, multiple research shops recalibrated their price objectives.
Citigroup elevated its target from $35 to $41 while maintaining a “neutral” stance. JPMorgan Chase similarly boosted its target from $39 to $41, also assigning “neutral.” Truist Financial adjusted its objective from $38 to $39 with a “hold” recommendation.
Barclays established a $37 price target. Morgan Stanley maintained the most conservative posture, keeping its “underweight” rating alongside a $34 price objective — representing the street’s most bearish position.
Among 20 covering analysts, one assigns a Strong Buy rating, eight recommend Buy, seven suggest Hold, and four rate it Sell. The consensus price target lands at $41.94, suggesting potential appreciation from present trading levels.
Institutional ownership accounts for 68.11% of outstanding MGM shares. Multiple institutional players have expanded their stakes recently, with Woodline Partners LP increasing its position by 39.1%.
Assetmark Inc. more than doubled its holdings, surging 120.3%, while both NewEdge Advisors and MIRAE ASSET GLOBAL ETFS have boosted their allocations during recent reporting periods.
Investors will focus attention on the company’s next earnings release scheduled for April 29.
