2 days Ago By ABMN Staff
JPMorgan Chase & Co. boosted its position in shares of Melco Resorts & Entertainment Limited ( NASDAQ:MLCO – Free Report ) by 1,240.2% during the 4th quarter, according to its most recent 13F filing with the SEC.
The fund owned 1,342,132 shares of the company’s stock after purchasing an additional 1,241,986 shares during the quarter. JPMorgan Chase & Co.’s holdings in Melco Resorts & Entertainment were worth $7,771,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of MLCO. ARGA Investment Management LP boosted its stake in shares of Melco Resorts & Entertainment by 1.6% in the 4th quarter.
ARGA Investment Management LP now owns 29,652,424 shares of the company’s stock worth $171,688,000 after buying an additional 456,117 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Melco Resorts & Entertainment by 47.
2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 353,196 shares of the company’s stock valued at $2,045,000 after buying an additional 113,328 shares in the last quarter.
State of New Jersey Common Pension Fund D bought a new position in shares of Melco Resorts & Entertainment during the 4th quarter valued at approximately $407,000. Sei Investments Co. increased its holdings in Melco Resorts & Entertainment by 20.
4% in the 4th quarter. Sei Investments Co. now owns 725,100 shares of the company’s stock worth $4,198,000 after acquiring an additional 123,042 shares in the last quarter.
Finally, Raymond James Financial Inc. bought a new position in Melco Resorts & Entertainment in the 4th quarter worth $649,000. Institutional investors own 39.
62% of the company’s stock. Melco Resorts & Entertainment Stock Down 4.0 % MLCO opened at $4.
74 on Thursday. The stock’s fifty day moving average is $5.46 and its two-hundred day moving average is $6.
08. The company has a market capitalization of $2.02 billion, a P/E ratio of -21.
54, a PEG ratio of 0.63 and a beta of 0.87.
Melco Resorts & Entertainment Limited has a 52 week low of $4.55 and a 52 week high of $8.90.
Wall Street Analyst Weigh In Get Our Latest Stock Report on Melco Resorts & Entertainment About Melco Resorts & Entertainment ( Free Report ) Melco Resorts & Entertainment Limited, through its subsidiaries, develops, owns, and operates casino gaming and entertainment casino resort facilities in Asia. It owns and operates City of Dreams, an integrated casino resort that has 500 gaming tables and 800 gaming machines; approximately 1,400 hotel rooms and suites; a wet stage performance theater with approximately 2,000 seats; approximately 30 restaurants and bars, and 150 retail outlets; and recreation and leisure facilities, including health and fitness clubs, swimming pools, spa and salons, and banquet and meeting facilities. See Also Want to see what other hedge funds are holding MLCO? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Melco Resorts & Entertainment Limited ( NASDAQ:MLCO – Free Report ). Receive News & Ratings for Melco Resorts & Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Melco Resorts & Entertainment and related companies with MarketBeat.com's FREE daily email newsletter .
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