Sensato Investors LLC bought a new position in shares of Melco Resorts & Entertainment Ltd (NASDAQ:MPEL) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 405,381 shares of the company’s stock, valued at approximately $9,101,000. Melco Resorts & Entertainment comprises 2.3% of Sensato Investors LLC’s holdings, making the stock its 18th largest holding.

Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. increased its position in Melco Resorts & Entertainment by 9.9% in the 2nd quarter. BlackRock Inc. now owns 17,270,132 shares of the company’s stock valued at $387,715,000 after acquiring an additional 1,552,252 shares during the period. Capital Research Global Investors boosted its stake in shares of Melco Resorts & Entertainment by 14.0% during the 2nd quarter. Capital Research Global Investors now owns 16,741,397 shares of the company’s stock worth $375,844,000 after acquiring an additional 2,055,012 shares in the last quarter. FMR LLC boosted its stake in shares of Melco Resorts & Entertainment by 9.9% during the 2nd quarter. FMR LLC now owns 16,203,328 shares of the company’s stock worth $363,766,000 after acquiring an additional 1,452,985 shares in the last quarter. Capital World Investors bought a new stake in shares of Melco Resorts & Entertainment during the 2nd quarter worth $105,164,000. Finally, Nicholas Investment Partners LP boosted its stake in shares of Melco Resorts & Entertainment by 7.7% during the 2nd quarter. Nicholas Investment Partners LP now owns 3,500,000 shares of the company’s stock worth $78,575,000 after acquiring an additional 250,000 shares in the last quarter.

Separately, Wells Fargo & Company reaffirmed a “neutral” rating on shares of Melco Resorts & Entertainment in a research report on Tuesday, July 4th.

Melco Resorts & Entertainment Ltd (MPEL) traded up 0.42% during mid-day trading on Friday, reaching $18.97. Melco Resorts & Entertainment Ltd has a 12-month low of $14.89 and a 12-month high of $24.57. The stock has a 50 day moving average price of $23.06 and a 200-day moving average price of $21.82.

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Melco Resorts & Entertainment Profile

Melco Resorts & Entertainment Limited, formerly Melco Crown Entertainment Limited, is a holding company. The Company, through its subsidiaries, develops, owns and operates casino gaming and entertainment casino resort facilities in Asia. It is principally engaged in the gaming and hospitality business in Asia and its principal operating and developmental activities occur in over two geographic areas, which include Macau and the Philippines.

Institutional Ownership by Quarter for Melco Resorts & Entertainment (NASDAQ:MPEL)

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