NewEdge Advisors LLC Purchases 34,183 Shares of MGM Resorts International $MGM

NewEdge Advisors LLC significantly increased its stake in MGM Resorts International (NYSE:MGM) by 1,989.7% in the second quarter, acquiring 34,183 additional shares to bring its total holding to 35,901 shares valued at $1.72 million. The company reported strong Q2 earnings with revenue of $4.45 billion and adjusted EPS of $0.59, surpassing analyst expectations. Despite a current stock price of $37.81, analysts maintain a "Moderate Buy" rating with an average price target of $53.25.