TLDR
- Keith Meister, a board director, offloaded 37,500 MGM shares on March 9, 2026, at $34.27 per share, generating $1,285,125 in proceeds
- Despite the sale, Meister retains 5,347,978 shares worth approximately $183.3 million — the transaction reduced his position by just 0.70%
- Fourth-quarter earnings per share reached $1.60, significantly surpassing the $0.64 analyst forecast; quarterly revenue totaled $4.61B against $4.42B projections
- Shares closed at $35.66 during Monday’s session, giving the company a $9.12 billion valuation
- Wall Street maintains a “Hold” consensus rating with a $41.94 average price objective
Director Keith Meister executed a sale of 37,500 MGM Resorts International (MGM) shares on March 9, 2026, selling each unit at an average of $34.27. The divestiture generated total proceeds of $1,285,125.
MGM Resorts International, MGM
Regulatory filings submitted to the Securities & Exchange Commission reveal the transaction reduced Meister’s ownership by 0.70%. His current holdings stand at 5,347,978 shares, representing a position worth roughly $183.3 million.
While insider transactions typically draw scrutiny from market participants, perspective is essential. Meister maintains his status as one of MGM’s largest individual shareholders, and a reduction below 1% hardly signals an urgent departure.
During the trading session coinciding with the sale, MGM stock gained $0.09, finishing at $35.66. Volume reached 7,072,754 shares, surpassing the typical daily average of 5,098,417.
The equity’s 52-week trading range spans from $25.30 to $40.16. Current pricing sits slightly above both the 50-day moving average of $35.37 and the 200-day moving average of $34.95.
MGM maintains a $9.12 billion market capitalization, trades at a price-to-earnings multiple of 47.54, and exhibits a beta of 1.38. The company’s debt-to-equity ratio registers at 1.91.
Q4 Earnings Beat
MGM released fourth-quarter financial results on February 4, 2026. The hospitality and gaming operator delivered earnings per share of $1.60, crushing the Street’s $0.64 expectation by $0.96 — a substantial outperformance.
Quarterly revenue reached $4.61 billion, exceeding the $4.42 billion analyst forecast. During the comparable year-ago period, MGM generated EPS of $0.45.
The company achieved a 26.04% return on equity alongside a 1.17% net margin. Current full-year earnings projections call for $2.21 per share.
Options market participants have displayed mixed sentiment approaching the upcoming April 29 earnings announcement. Trading patterns show rotation between put and call positions, elevating implied volatility metrics.
Analyst Ratings
Wall Street opinion on MGM remains divided. Following the fourth-quarter performance, multiple research firms recalibrated their price objectives.
Citigroup elevated its target from $35 to $41 while maintaining a “neutral” stance. JPMorgan Chase increased its objective from $39 to $41, also assigning a “neutral” rating. Truist Financial bumped its target from $38 to $39 with a “hold” recommendation.
Barclays established a $37 price target. Morgan Stanley maintained its “underweight” perspective with a $34 price objective — representing the street’s most conservative outlook.
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 of $41.94 indicates potential appreciation from present levels.
Institutional ownership accounts for 68.11% of outstanding shares. Multiple funds have expanded positions recently, including Woodline Partners LP, which increased its stake by 39.1%.
Assetmark Inc. more than doubled its holdings with a 120.3% increase, while NewEdge Advisors and MIRAE ASSET GLOBAL ETFS similarly boosted their allocations during recent periods.
Investors await the April 29 earnings release as the next major catalyst.
