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Insurer Buys MGM Resorts Shares as Earnings Beat Expectations

MGM Resorts logoMGM Resorts
Sig1.22Sen+1.64Env0.00Soc0.00Gov0.00

The Manufacturers Life Insurance Company increased its stake in MGM Resorts International by acquiring shares reported in its latest SEC disclosure. Other institutions also adjusted their holdings. MGM reported quarterly EPS of $0.59, ahead of the $0.56 consensus, and analysts project $1.96 EPS for the current year, with Susquehanna raising its price target to $53.

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