SCHEDULE 13G/A: Davis Selected Advisers Discloses 8.1% Stake in MGM Resorts International
Beneficial Ownership Update
Investment adviser Davis Selected Advisers has updated its beneficial ownership in MGM Resorts International, reporting an 8.1% stake as of March 31, 2025.
Summary
- Davis Selected Advisers reported beneficial ownership of 20,815,057 shares of MGM Resorts International common stock.
- This stake represents 8.1% of the total class of securities.
- The firm holds sole voting power over 20,228,132 shares and sole dispositive power over all 20,815,057 shares.
- This filing is an Amendment No. 2 to Schedule 13G, updating previous disclosures.
- The event date requiring this filing was March 31, 2025.
Sentiment
Score: 6
Explanation: The document is a factual disclosure of beneficial ownership by an investment adviser. The holding of a significant 8.1% stake by a reputable firm like Davis Selected Advisers can be interpreted as a positive signal of confidence in MGM Resorts International, although the filing itself is neutral in tone.
Positives
- Davis Selected Advisers, a significant investment adviser, maintains a substantial 8.1% beneficial ownership stake in MGM Resorts International, indicating continued institutional confidence in the company.
Management Comments
- Davis Selected Advisers certified that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.
Industry Context
This filing primarily concerns an institutional investor's stake and does not offer broader industry trends or competitive analysis. It indicates continued institutional interest in the gaming and hospitality sector, represented by MGM Resorts International.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's stake, which can influence market perception and liquidity.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of event which requires the filing of this statement, indicating the snapshot date for the reported ownership. |
| 05/08/2025 | Date the Schedule 13G Amendment No. 2 was signed and filed. |
Keywords
MGM Resorts International, Davis Selected Advisers, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Investment Adviser
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