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MGM Resorts International $MGM Shares Sold by Todd Asset Management LLC
Todd Asset Management LLC significantly reduced its stake in MGM Resorts International (NYSE:MGM) by 24.1% in the third quarter, selling 206,258 shares to now own 649,829 shares valued at $22.52 million. Despite this, several other large institutions increased their positions, and institutional ownership stands at 68.11%. MGM recently surpassed quarterly earnings estimates, reporting $1.60 EPS on $4.61 billion in revenue, though analysts currently rate the stock as a “Hold” with a consensus target price of $41.94 against its trading price near $34.