TLDR
- Keith Meister, a company director, offloaded 37,500 MGM shares on March 9, 2026, at $34.27 apiece for a total of $1,285,125
- Despite the sale, Meister retains 5,347,978 shares worth approximately $183.3 million — representing just a 0.70% reduction
- Fourth-quarter earnings per share reached $1.60, significantly exceeding the $0.64 forecast; quarterly revenue of $4.61B surpassed the $4.42B projection
- Shares closed at $35.66 during Monday’s session, bringing the company’s market capitalization to $9.12 billion
- Wall Street maintains a “Hold” consensus rating with a mean price objective of $41.94
Director Keith Meister completed a transaction involving 37,500 shares of MGM Resorts International (MGM) on March 9, 2026. The shares changed hands at an average of $34.27 each, generating proceeds of $1,285,125.
MGM Resorts International, MGM
According to documentation submitted to the Securities & Exchange Commission, this transaction reduced Meister’s ownership stake by just 0.70%. His current position stands at 5,347,978 shares, representing a market value of roughly $183.3 million.
While insider transactions typically draw scrutiny from market participants, the broader picture deserves consideration. Meister continues to rank among MGM’s most significant individual shareholders, and a reduction of less than one percent hardly signals a wholesale exit.
During the session when this sale occurred, MGM stock climbed $0.09, settling at $35.66. The day’s trading volume reached 7,072,754 shares, considerably higher than the typical daily average of 5,098,417.
Over the past year, shares have fluctuated between $25.30 and $40.16. The stock currently trades slightly above both its 50-day moving average of $35.37 and its 200-day moving average of $34.95.
The company maintains a market capitalization of $9.12 billion, with a price-to-earnings multiple of 47.54 and a beta coefficient of 1.38. The balance sheet shows a debt-to-equity ratio of 1.91.
Q4 Earnings Beat
MGM released fourth-quarter financial results on February 4, 2026. The hospitality and gaming company delivered earnings per share of $1.60, substantially exceeding Wall Street’s $0.64 estimate by a margin of $0.96.
Quarterly revenue totaled $4.61 billion, surpassing the anticipated $4.42 billion. During the comparable quarter in the prior year, the company generated earnings per share of $0.45.
The company’s return on equity measured 26.04%, while net margin registered at 1.17%. Current projections from the analyst community call for full-year earnings per share of $2.21.
Options market activity surrounding MGM has shown varied patterns ahead of the upcoming April 29 earnings announcement. Traders have shifted between put and call positions, driving implied volatility metrics higher.
Analyst Ratings
Wall Street sentiment on MGM remains divided. Following the impressive Q4 results, multiple research firms recalibrated their price objectives.
Citigroup upgraded its target from $35 to $41 while maintaining a “neutral” stance. JPMorgan Chase increased its forecast from $39 to $41, also assigning a “neutral” rating. Truist Financial adjusted its target upward from $38 to $39 with a “hold” recommendation.
Barclays established a $37 price target. Morgan Stanley maintained the most conservative outlook with an “underweight” rating and a $34 price objective.
Among 20 covering analysts, one assigns a Strong Buy rating, eight recommend Buy, seven suggest Hold, and four rate the stock as Sell. The consensus price target of $41.94 suggests potential appreciation from current trading levels.
Institutional ownership accounts for 68.11% of outstanding shares. Multiple funds have expanded their positions recently, with Woodline Partners LP increasing its stake by 39.1%.
Assetmark Inc. more than doubled its holdings, registering a 120.3% increase, while NewEdge Advisors and MIRAE ASSET GLOBAL ETFS also bolstered their positions during recent quarters.
Investors will turn their attention to the April 29 earnings release for the next potential catalyst.
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