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The T. Rowe Price Equity Income Fund’s holding in MGM Resorts International decreased to about 23 million shares with the transaction.
The T. Rowe Price Equity Income Fund first bought MGM Resorts International stock in the first quarter of 2001. The T. Rowe Price Equity Income Fund also owns Wynn Resorts Ltd (NASDAQ:WYNN), Las Vegas Sands Corp (NYSE:LVS), Boyd Gaming (NYSE:BYD) and Churchill Downs Inc. (NASDAQ:CHDN). MGM Resorts International is its number three position by number of shares and market value among casinos & gaming stocks.
Other investors who also reduced their MGM Resorts International shares include Barrow, Hanley, Mewhinney & Strauss, Citigroup (NYSE:C), and Harris Associates. In contrast, California State Teachers Retirement System, Eaton Vance (NYSE:EV) Management, and Victory Capital Management added to MGM shares, while Southeastern Asset Management, Orbis Allan Gray, and Capital Wealth Alliance established new holdings in MGM Resorts International.
The T. Rowe Price Equity Income Fund also reduced their share in PNM Resources, Inc. (Holding Co (PNM), Dennys Corp. (DENN), Becton Dickinson & Co. (NYSE:BDX), Equifax Inc (NYSE:EFX), Tyson Foods Inc (NYSE:TSN), J.B.Hunt Transport Services Inc (JBHT), Concho Resources Inc (NYSE:CXO), Visteon Corp (NASDAQ:VC), RealPage, Inc. (RP), Aptiv PLC (NYSE:APTV), Sprouts Farmers Market Inc. (NASDAQ:SFM), Zendesk (NYSE:ZEN), Planet Fitness Inc (NYSE:PLNT), MyoKardia, Inc. (NASDAQ:MYOK), Slack Technologies Inc (NYSE:WORK), Endava plc (NYSE:DAVA) and Palomar Holdings, Inc. (NASDAQ:PLMR). The total value of the shares sold is estimated at around $6.2 billion.
In addition, the T. Rowe Price Equity Income Fund established new holdings in MultiPlan Corporation (MPLN) and IAC/InterActiveCorp (NASDAQ:IAC). The T. Rowe Price Equity Income Fund also added to their share in Quidel Corp (NASDAQ:QDEL), Yum Brands Inc (YUM), Vail Resorts Inc (NYSE:MTN), SEACOR Holdings Inc . (NYSE:CKH), SEACOR Holdings Inc., International Paper Co (NYSE:IP), Sealed Air Corp (NYSE:SEE), Lumber Liquidators Holdings, In (NYSE:LL), U.S. Physical Therapy, Inc. (USPH), REX American Resources (NASDAQ:AREC) Corporat (REX), Clearwater Paper Corporation (NYSE:CLW), Proofpoint Inc (NASDAQ:PFPT), RH (NYSE:RH), Franks International NV (FI), Bill.com Holdings, Inc. (NYSE:BILL), Snapchat Inc (SNAP), PCSB Financial Corporation (NASDAQ:PCSB), Cactus (NYSE:WHD), Inc. Class A Common Sto (WHD), Scholar Rock Holding Corporatio (NASDAQ:SRRK), PagerDuty Inc (NYSE:PD) and RAPT Therapeutics, Inc. (NASDAQ:RAPT). The total value of the shares bought is estimated at around $4.5 billion.
