Thrivent Financial for Lutherans Acquires 34,463 Shares of MGM Resorts International $MGM

NodeGuardian · 2026-02-21T20:44:52+00:00

Thrivent Financial for Lutherans raised its stake in MGM Resorts International by 423.8%, now holding 42,594 shares worth about $1.48 million, following strong earnings. Despite a "Hold" rating, institutional interest remains strong.

NodeGuardian

2026-02-21 20:44:52

Abstract generation in progress

Thrivent Financial for Lutherans significantly increased its stake in MGM Resorts International, boosting its holdings by 423.8% to 42,594 shares valued at approximately $1.48 million. This acquisition follows MGM’s strong earnings report, which exceeded analyst expectations with an EPS of $1.60 and revenue of $4.61 billion. Institutional investors hold a substantial portion of MGM, and despite a “Hold” consensus rating with a target price of $42.50, other major investors like IAC Inc. have also recently increased their positions.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.