BlackRock Amends MGM Resorts Stake Filing (SC 13G/A)
Ticker: MGM · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 789570
| Field | Detail |
|---|---|
| Company | Mgm Resorts International (MGM) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, investor-update
TL;DR
**BlackRock updated its MGM Resorts ownership, signaling continued institutional interest.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 29, 2024, indicating its ownership of MGM Resorts International common stock as of December 31, 2023. This filing is an amendment (Amendment No: 6), meaning BlackRock has updated its previously reported stake in MGM. While the specific percentage or number of shares isn't detailed in this excerpt, the filing confirms BlackRock's continued significant institutional interest in MGM Resorts, which can be a positive signal for investors as it shows a major asset manager maintains a position.
Why It Matters
This filing confirms BlackRock, a major institutional investor, continues to hold a significant stake in MGM Resorts International, which can provide a level of confidence to other investors.
Risk Assessment
Risk Level: low — This filing is a routine update from a major institutional investor and does not indicate any immediate negative risks for the stock.
Analyst Insight
Investors should note that a major institutional investor like BlackRock continues to hold a position in MGM Resorts, which can be a sign of long-term confidence, but should also research the specific percentage of ownership from the full filing to gauge the exact level of commitment.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- MGM Resorts International (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 29, 2024 (date) — the date the SC 13G/A was filed
- Amendment No: 6 (number) — indicates this is the sixth amendment to BlackRock's filing for MGM
Forward-Looking Statements
- BlackRock will continue to hold a significant stake in MGM Resorts International. (BlackRock Inc.) — high confidence, target: Next 12 months
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 6)' sections.
Who is the 'subject company' in this filing?
The subject company is MGM Resorts International, as indicated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MGM Resorts International'.
Who is the 'filed by' entity in this document?
The entity that filed this document is BlackRock Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly mentioned in the filing.
What is the CUSIP Number for the securities mentioned?
The CUSIP Number for the Common Stock of MGM Resorts International is 552953101, as listed under '(CUSIP Number)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding MGM Resorts International (MGM).