MGM Resorts International (MGM): Today's Featured Leisure Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

MGM Resorts International ( MGM) pushed the Leisure industry lower today making it today's featured Leisure laggard. The industry as a whole closed the day down 1.0%. By the end of trading, MGM Resorts International fell $0.53 (-2.2%) to $23.67 on average volume. Throughout the day, 13,314,949 shares of MGM Resorts International exchanged hands as compared to its average daily volume of 10,313,500 shares. The stock ranged in price between $23.04-$23.80 after having opened the day at $23.74 as compared to the previous trading day's close of $24.20. Other companies within the Leisure industry that declined today were: Buffalo Wild Wings ( BWLD), down 9.7%, SFX Entertainment ( SFXE), down 8.2%, Qunar Cayman Islands ( QUNR), down 5.0% and Orbitz Worldwide ( OWW), down 4.5%.

MGM Resorts International, through its wholly owned subsidiaries, owns and/or operates casino resorts. The company operates in two segments, Wholly Owned Domestic Resorts and MGM China. Its resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. MGM Resorts International has a market cap of $11.7 billion and is part of the services sector. Shares are up 2.9% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate MGM Resorts International a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates MGM Resorts International as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and increase in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and weak operating cash flow.

On the positive front, ARAMARK Holdings ( ARMK), up 4.1% and Good Times Restaurants ( GTIM), up 2.7%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the leisure industry could consider PowerShares Dynamic Leisure&Entert ( PEJ) while those bearish on the leisure industry could consider ProShares Ultra Sht Consumer Services ( SCC).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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