the resorts and casinos of mgm resorts international™ are some of the most famous in the world. our 23 destinations are renowned for their winning combination of quality entertainment, luxurious facilities and exceptional customer service. we are actively expanding our presence globally, with potential developments in a number of domestic and international markets. at mgm resorts international, we are all striving together to deliver an enticing blend of entertainment to every corner of the world. many of our resorts are located in las vegas. las vegas features three of the largest convention centers in the u.s., spectacular entertainment, attractions, shopping and world-famous resorts. whether dancing fountains, incredible stage productions, casino action, museums or natural attractions such as lake mead, vegas offers something for everyone. a stroll down our streets takes you around the globe, with recreations like climbing to the top of the eiffel tower or taking a venetian gondola
Company profile
Ticker
MGM
Exchange
Website
CEO
William Hornbuckle
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
MGM GRAND INC, MGM MIRAGE
SEC CIK
Corporate docs
Subsidiaries
Beau Rivage Resorts, LLC • Blue Tarp reDevelopment, LLC • Destron, Inc. • Destron International Corp. • MGM Grand (International), Pte Ltd. • Grand Garden Arena Management, LLC • Grand Laundry, Inc. • Las Vegas Arena Management, LLC • Mandalay Resort Group, LLC • 550 Leasing Company ...
IRS number
880215232
MGM stock data
Latest filings (excl ownership)
PX14A6G
Letter to shareholders
11 Apr 24
8-K
Entry into a Material Definitive Agreement
9 Apr 24
8-K
Entry into a Material Definitive Agreement
3 Apr 24
FWP
Free writing prospectus
25 Mar 24
424B5
Prospectus supplement for primary offering
25 Mar 24
DEFA14A
Additional proxy soliciting materials
22 Mar 24
ARS
2023 FY
Annual report to shareholders
22 Mar 24
DEF 14A
Definitive proxy
22 Mar 24
8-K
Regulation FD Disclosure
20 Mar 24
PRE 14A
Preliminary proxy
11 Mar 24
Transcripts
MGM
Earnings call transcript
2023 Q4
13 Feb 24
MGM
Earnings call transcript
2023 Q3
8 Nov 23
MGM
Earnings call transcript
2023 Q2
2 Aug 23
MGM
Earnings call transcript
2023 Q1
1 May 23
MGM
Earnings call transcript
2022 Q4
8 Feb 23
MGM
Earnings call transcript
2022 Q3
2 Nov 22
MGM
Earnings call transcript
2022 Q2
4 Aug 22
MGM
Earnings call transcript
2022 Q1
2 May 22
MGM
Earnings call transcript
2021 Q4
10 Feb 22
MGM
Earnings call transcript
2021 Q3
4 Nov 21
Latest ownership filings
4
COREY IAN SANDERS
3 Apr 24
4
John McManus
3 Apr 24
4
WILLIAM HORNBUCKLE
3 Apr 24
4
PAUL J SALEM
2 Apr 24
4
Keith A. Meister
2 Apr 24
4
Rose Mckinney-James
2 Apr 24
4
Keith A. Meister
13 Mar 24
144
Notice of proposed sale of securities
12 Mar 24
4
COREY IAN SANDERS
29 Feb 24
4
John McManus
29 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 3.40 bn | 3.40 bn | 3.40 bn | 3.40 bn | 3.40 bn | 3.40 bn |
Cash burn (monthly) | 175.65 mm | 157.69 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 1.21 bn | 1.09 bn | n/a | n/a | n/a | n/a |
Cash remaining | 2.19 bn | 2.31 bn | n/a | n/a | n/a | n/a |
Runway (months of cash) | 12.5 | 14.7 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
91.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 679 |
Opened positions | 84 |
Closed positions | 93 |
Increased positions | 182 |
Reduced positions | 281 |
13F shares | Current |
---|---|
Total value | 8.29 tn |
Total shares | 291.45 mm |
Total puts | 10.73 mm |
Total calls | 7.24 mm |
Total put/call ratio | 1.5 |
Largest owners | Shares | Value |
---|---|---|
IAC IAC Inc - Ordinary Shares | 64.72 mm | $2.26 bn |
Vanguard | 31.28 mm | $1.15 tn |
BLK Blackrock | 19.50 mm | $716.88 bn |
T. Rowe Price Investment Management | 14.14 mm | $521.32 bn |
STT State Street | 11.24 mm | $413.34 bn |
Davis Selected Advisers | 9.85 mm | $361.92 bn |
MS Morgan Stanley | 6.66 mm | $244.88 bn |
Corvex Management | 6.42 mm | $236.14 bn |
Geode Capital Management | 6.07 mm | $222.67 bn |
Capital World Investors | 5.57 mm | $204.63 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Apr 24 | William Hornbuckle | Common Stock $.01 Par Value ND | Payment of exercise | Dispose F | No | No | 47.78 | 4,431 | 211.71 k | 318,212 |
1 Apr 24 | William Hornbuckle | Common Stock $.01 Par Value ND | Option exercise | Acquire M | No | No | 0 | 11,259 | 0.00 | 322,643 |
1 Apr 24 | William Hornbuckle | RSU Common Stock $.01 Par Value ND | Option exercise | Dispose M | No | No | 0 | 11,259 | 0.00 | 0 |
1 Apr 24 | John McManus | Common Stock $.01 Par Value ND | Payment of exercise | Dispose F | No | No | 47.78 | 2,570 | 122.79 k | 67,803 |
1 Apr 24 | John McManus | Common Stock $.01 Par Value ND | Option exercise | Acquire M | No | No | 0 | 6,529 | 0.00 | 70,373 |
1 Apr 24 | John McManus | RSU Common Stock $.01 Par Value ND | Option exercise | Dispose M | No | No | 0 | 6,529 | 0.00 | 0 |
1 Apr 24 | Corey Ian Sanders | Common Stock $.01 Par Value ND | Payment of exercise | Dispose F | No | No | 47.78 | 3,486 | 166.56 k | 235,632 |
1 Apr 24 | Corey Ian Sanders | Common Stock $.01 Par Value ND | Option exercise | Acquire M | No | No | 0 | 8,856 | 0.00 | 239,118 |
1 Apr 24 | Corey Ian Sanders | RSU Common Stock $.01 Par Value ND | Option exercise | Dispose M | No | No | 0 | 8,856 | 0.00 | 0 |
31 Mar 24 | Mckinney-James Rose | Deferred Stock Units Common Stock $.01 Par Value ND | Grant | Acquire A | No | No | 47.21 | 63.546 | 3.00 k | 55,873.409 |
News
A Closer Look at 9 Analyst Recommendations For MGM Resorts Intl
15 Apr 24
Seaport Global Initiates Coverage On MGM Resorts Intl with Buy Rating, Announces Price Target of $56
15 Apr 24
10 Consumer Discretionary Stocks Whale Activity In Today's Session
12 Apr 24
"MGM+ & MGM Alternative Boss Chris Brearton To Leave Amazon" - Deadline
10 Apr 24
Morgan Stanley Maintains Equal-Weight on MGM Resorts Intl, Raises Price Target to $46
9 Apr 24
Press releases
MGM Resorts International Announces Closing of Offering of $750,000,000 Senior Notes due 2032
9 Apr 24
Prove Identity Partners with BetMGM to Elevate Security and Enhance Sports Betting Experience for March College Basketball
2 Apr 24
MGM Resorts International Announces First Quarter 2024 Earnings Release Date
28 Mar 24
MGM Resorts International Prices $750,000,000 in Senior Notes
25 Mar 24
BELLAGIO FOUNTAIN CLUB RETURNS FOR FORMULA 1 HEINEKEN SILVER LAS VEGAS GRAND PRIX 2024 NOVEMBER 21-23
25 Mar 24