Nomura Holdings Inc. raised its stake in shares of Melco Resorts & Entertainment Limited (NASDAQ:MLCO) by 50.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 148,039 shares of the company’s stock after buying an additional 49,364 shares during the period. Nomura Holdings Inc.’s holdings in Melco Resorts & Entertainment were worth $4,145,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in MLCO. BlackRock Inc. increased its stake in Melco Resorts & Entertainment by 28.9% during the 1st quarter. BlackRock Inc. now owns 22,186,282 shares of the company’s stock valued at $642,959,000 after buying an additional 4,977,655 shares during the period. Renaissance Technologies LLC increased its stake in Melco Resorts & Entertainment by 86.4% during the 2nd quarter. Renaissance Technologies LLC now owns 2,312,600 shares of the company’s stock valued at $64,753,000 after buying an additional 1,071,800 shares during the period. Acadian Asset Management LLC acquired a new position in Melco Resorts & Entertainment during the 2nd quarter valued at about $24,627,000. Pagoda Asset Management LP acquired a new position in Melco Resorts & Entertainment during the 1st quarter valued at about $22,958,000. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in Melco Resorts & Entertainment by 566.0% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 650,233 shares of the company’s stock valued at $18,207,000 after buying an additional 552,600 shares during the period. 40.49% of the stock is currently owned by hedge funds and other institutional investors.

MLCO has been the subject of several research reports. BidaskClub lowered shares of Melco Resorts & Entertainment from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Sanford C. Bernstein reduced their price objective on shares of Melco Resorts & Entertainment from $34.50 to $27.00 and set an “outperform” rating for the company in a research report on Monday, September 17th. They noted that the move was a valuation call. UBS Group lowered shares of Melco Resorts & Entertainment from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 12th. ValuEngine lowered shares of Melco Resorts & Entertainment from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. Finally, Zacks Investment Research upgraded shares of Melco Resorts & Entertainment from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 26th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $32.87.

Shares of NASDAQ:MLCO traded up $0.64 during trading hours on Friday, hitting $18.84. 3,375,315 shares of the company’s stock traded hands, compared to its average volume of 3,257,254. Melco Resorts & Entertainment Limited has a 52 week low of $17.89 and a 52 week high of $32.95. The firm has a market cap of $10.46 billion, a price-to-earnings ratio of 20.48, a price-to-earnings-growth ratio of 1.66 and a beta of 1.48. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 1.05.

Melco Resorts & Entertainment (NASDAQ:MLCO) last announced its earnings results on Tuesday, July 24th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.05). Melco Resorts & Entertainment had a return on equity of 15.47% and a net margin of 7.83%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the business earned $0.07 earnings per share. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. On average, research analysts forecast that Melco Resorts & Entertainment Limited will post 1.06 earnings per share for the current year.

Melco Resorts & Entertainment Profile

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

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