Corient Private Wealth LP Sells 42,948 Shares of MGM Resorts International $MGM

Corient Private Wealth LP reduced its holdings in MGM Resorts International by 15.1% in the second quarter, selling 42,948 shares and retaining 242,343 shares valued at $11.6 million. Despite this reduction, institutional ownership remains significant at 68.11%, with several major investors recently initiating positions. MGM reported strong quarterly earnings, beating estimates with $0.59 EPS and a 2.2% revenue increase, leading analysts to maintain a "Moderate Buy" rating with an average price