SCHEDULE: Davis Selected Advisers Reports 7.1% Stake in MGM Resorts International

Davis Selected Advisers has disclosed a 7.1% ownership stake in MGM Resorts International as of December 31, 2024.

Summary

• Davis Selected Advisers has filed a Schedule 13G, reporting their beneficial ownership of MGM Resorts International common stock.
• As of December 31, 2024, Davis Selected Advisers beneficially owns 19,920,713 shares of MGM Resorts International.
• This represents approximately 7.1% of the outstanding common stock.
• Davis Selected Advisers has sole voting power over 19,442,748 shares and shared voting power over 477,965 shares.
• They have sole dispositive power over 19,920,713 shares and no shared dispositive power.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing indicating a significant investment. It is neutral in tone and does not suggest any positive or negative sentiment beyond the fact of the investment.

Positives

• The filing indicates a significant investment by Davis Selected Advisers in MGM Resorts International.
• The large number of shares held suggests a strong belief in the company's future prospects.

Risks

• The filing does not provide any information about the reasons for the investment or any potential future actions by Davis Selected Advisers.
• Changes in ownership could potentially impact the share price.

Industry Context

This filing is a routine disclosure of significant ownership in a publicly traded company and is common in the investment management industry. It indicates a notable investment by Davis Selected Advisers in the hospitality and entertainment sector.

Comparison to Industry Standards

• Schedule 13G filings are standard practice for institutional investors holding more than 5% of a company's stock.
• The 7.1% stake is a significant holding, comparable to other institutional investors in large-cap companies like MGM Resorts International.
• Other investment firms such as BlackRock, Vanguard, and State Street often file similar reports for their holdings in various companies.

Stakeholder Impact

• The disclosure of a 7.1% stake by Davis Selected Advisers may be of interest to shareholders of MGM Resorts International.
• This could potentially influence investor confidence in the company.

Key Dates

Keywords

MGM Resorts International, Davis Selected Advisers, Schedule 13G, Beneficial Ownership, Common Stock, Investment, Shareholding