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MGM MGM Resorts International

MGM Resorts International is an American global hospitality and entertainment company operating destination resorts in Las Vegas, Massachusetts, Detroit, Mississippi, Maryland, and New Jersey, including Bellagio, Mandalay Bay, MGM Grand, and Park MGM. In January 2019 the company took over Empire City Casino in Yonkers, New York, and also opened MGM National Harbor in Maryland and MGM Springfield in Massachusetts. The company has a majority interest in MGM China Holdings Limited, which owns the MGM Macau resort and casino, and is developing a gaming resort in Cotai. MGM Resorts owns 50 percent of CityCenter in Las Vegas, which features Aria Resort & Casino. It has a majority controlling interest in MGM Growth Properties, a real estate investment trust. The company began operations in 1987 as MGM Grand, Inc. and became MGM Mirage in 2000, after acquiring Mirage Resorts. In the mid-2000s, growth of its non-gaming revenue began to outpace gaming receipts and demand for high-rise condominiums was surging, with median property prices in Las Vegas twice the national average. The company shifted its focus from owning and operating resorts and casinos to developing and building real estate in the leisure and gaming industry—launching the massive CityCenter mixed-use project, which was at the time of its construction the world's largest construction site and ranks as one of the most expensive real estate projects in history. City Center's development coincided with the global financial crisis, causing more than $1 billion in writedowns in its valuation.

Company profile

Ticker
MGM
Exchange
CEO
William Hornbuckle
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
MGM GRAND INC, MGM MIRAGE
SEC CIK
IRS number
880215232

MGM stock data

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Calendar

26 Feb 21
18 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 5.1B 5.1B 5.1B 5.1B 5.1B 5.1B
Cash burn (monthly) (positive/no burn) (positive/no burn) 187.62M 99.79M 81.15M 124.42M
Cash used (since last report) n/a n/a 676.74M 359.93M 292.69M 448.77M
Cash remaining n/a n/a 4.42B 4.74B 4.81B 4.65B
Runway (months of cash) n/a n/a 23.6 47.5 59.3 37.4

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
5 Apr 21 William Hornbuckle Common Stock $.01 Par Value ND Sell Dispose S Yes Yes 41.1 10,000 411K 127,884
1 Apr 21 William Hornbuckle Common Stock $.01 Par Value ND Sell Dispose S Yes Yes 38.1294 40,000 1.53M 137,884
1 Apr 21 John McManus Common Stock $.01 Par Value ND Payment of exercise Dispose F No No 39.7 1,590 63.12K 39,985
1 Apr 21 John McManus Common Stock $.01 Par Value ND Option exercise Aquire M No No 0 6,528 0 41,575
1 Apr 21 John McManus RSU Common Stock $.01 Par Value ND Option exercise Dispose M No No 0 6,528 0 19,581
1 Apr 21 William Hornbuckle Common Stock $.01 Par Value ND Payment of exercise Dispose F No No 39.7 4,429 175.83K 224,748
1 Apr 21 William Hornbuckle Common Stock $.01 Par Value ND Option exercise Aquire M No No 0 11,254 0 229,177
1 Apr 21 William Hornbuckle RSU Common Stock $.01 Par Value ND Option exercise Dispose M No No 0 11,254 0 33,762
1 Apr 21 Corey Ian Sanders Common Stock $.01 Par Value ND Payment of exercise Dispose F No No 39.7 3,485 138.35K 406,980
1 Apr 21 Corey Ian Sanders Common Stock $.01 Par Value ND Option exercise Aquire M No No 0 8,854 0 410,465

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

64.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 565 512 +10.4%
Opened positions 132 96 +37.5%
Closed positions 79 88 -10.2%
Increased positions 146 140 +4.3%
Reduced positions 201 190 +5.8%
13F shares
Current Prev Q Change
Total value 10B 6.88B +45.3%
Total shares 317.29M 316.46M +0.3%
Total puts 16.22M 16.54M -1.9%
Total calls 18.15M 14.88M +22.0%
Total put/call ratio 0.9 1.1 -19.6%
Largest owners
Shares Value Change
Vanguard 43.38M $1.37B +0.8%
BLK Blackrock 28.37M $894.05M -0.2%
TROW T. Rowe Price 23.1M $727.92M -40.7%
Corvex Management 22.54M $710.16M 0.0%
STT State Street 16.88M $531.98M -6.0%
Harris Associates L P 15.46M $487.18M +4.1%
Orbis Allan Gray 14.24M $448.7M +68.9%
Geode Capital Management 7.4M $232.51M +3.0%
Southeastern Asset Management 7.05M $222.24M +42.1%
MS Morgan Stanley 6.76M $213.11M +63.0%
Largest transactions
Shares Bought/sold Change
TROW T. Rowe Price 23.1M -15.88M -40.7%
Canada Pension Plan Investment Board 5.83M +5.83M +58288970.0%
Orbis Allan Gray 14.24M +5.81M +68.9%
SRS Investment Management 3.09M -5.67M -64.7%
Steadfast Capital Management 5.65M +5.65M NEW
Norges Bank 5.09M +5.09M NEW
Maverick Capital 5.02M +5.02M NEW
JPM JPMorgan Chase & Co. 471.62K -3.33M -87.6%
MS Morgan Stanley 6.76M +2.61M +63.0%
BAC Bank Of America 4.95M +2.47M +99.1%

Financial report summary

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H.S. senior Avg
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