2 weeks Ago By ABMN Staff
Maplelane Capital LLC trimmed its holdings in shares of Melco Resorts & Entertainment Limited ( NASDAQ:MLCO – Free Report ) by 72.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 225,000 shares of the company’s stock after selling 600,000 shares during the quarter.
Maplelane Capital LLC owned about 0.05% of Melco Resorts & Entertainment worth $1,678,000 at the end of the most recent quarter. Other institutional investors also recently bought and sold shares of the company.
Eminence Capital LP grew its position in shares of Melco Resorts & Entertainment by 14.0% in the second quarter. Eminence Capital LP now owns 17,502,002 shares of the company’s stock valued at $130,565,000 after purchasing an additional 2,154,509 shares during the last quarter.
Solel Partners LP boosted its stake in Melco Resorts & Entertainment by 34.2% during the 2nd quarter. Solel Partners LP now owns 1,328,000 shares of the company’s stock valued at $9,907,000 after purchasing an additional 338,700 shares during the period.
Marshall Wace LLP grew its holdings in Melco Resorts & Entertainment by 22.8% in the 2nd quarter. Marshall Wace LLP now owns 1,169,950 shares of the company’s stock valued at $8,728,000 after buying an additional 217,520 shares during the last quarter.
Sei Investments Co. lifted its holdings in shares of Melco Resorts & Entertainment by 173.2% during the second quarter.
Sei Investments Co. now owns 602,058 shares of the company’s stock worth $4,491,000 after buying an additional 381,653 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of Melco Resorts & Entertainment by 47.
5% in the second quarter. Hsbc Holdings PLC now owns 52,486 shares of the company’s stock valued at $395,000 after acquiring an additional 16,901 shares during the period. 39.
62% of the stock is currently owned by institutional investors. Wall Street Analyst Weigh In Several research firms recently commented on MLCO. JPMorgan Chase & Co.
cut shares of Melco Resorts & Entertainment from an “overweight” rating to a “neutral” rating and cut their target price for the company from $10.00 to $7.00 in a research note on Thursday, July 18th.
Bank of America cut their price objective on shares of Melco Resorts & Entertainment from $8.50 to $7.50 and set a “buy” rating for the company in a research report on Monday, August 12th.
Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $9.
82. Melco Resorts & Entertainment Price Performance Shares of MLCO stock opened at $7.57 on Friday.
Melco Resorts & Entertainment Limited has a one year low of $4.78 and a one year high of $10.10.
The stock has a fifty day moving average price of $5.60 and a 200 day moving average price of $6.76.
The stock has a market cap of $3.36 billion, a P/E ratio of -18.02, a price-to-earnings-growth ratio of 1.
00 and a beta of 1.03. Melco Resorts & Entertainment ( NASDAQ:MLCO – Get Free Report ) last released its quarterly earnings data on Tuesday, August 13th.
The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.
05). The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.
16 billion. Melco Resorts & Entertainment had a negative return on equity of 11.59% and a negative net margin of 3.
11%. Melco Resorts & Entertainment’s revenue was up 22.3% on a year-over-year basis.
During the same period in the previous year, the business posted ($0.02) earnings per share. Equities research analysts anticipate that Melco Resorts & Entertainment Limited will post 0.
2 EPS for the current year. Melco Resorts & Entertainment Profile ( 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.
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