Helikon Investments Ltd Sells 5,324,061 Shares of MGM Resorts International $MGM

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Helikon Investments Ltd significantly reduced its stake in MGM Resorts International (NYSE:MGM) by selling 5,324,061 shares in the third quarter, decreasing its holdings by 60.4%. Despite this, MGM remains Helikon’s fifth-largest portfolio position. Other institutional investors showed mixed activity, with some increasing their holdings, while analysts maintain a “Hold” consensus rating for the company.

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