Melco Resorts & Entertainment Limited (MLCO) Stake Lessened by Rothschild Investment Corp IL

Rothschild Investment Corp IL cut its stake in Melco Resorts & Entertainment Limited (NASDAQ:MLCO) by 5.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,140 shares of the company’s stock after selling 590 shares during the quarter. Rothschild Investment Corp IL’s holdings in Melco Resorts & Entertainment were worth $179,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Schwab Charles Investment Management Inc. increased its stake in shares of Melco Resorts & Entertainment by 7.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 173,706 shares of the company’s stock worth $4,864,000 after acquiring an additional 12,239 shares in the last quarter. Voya Investment Management LLC increased its stake in shares of Melco Resorts & Entertainment by 13.9% in the 2nd quarter. Voya Investment Management LLC now owns 29,408 shares of the company’s stock worth $823,000 after acquiring an additional 3,593 shares in the last quarter. Morgan Stanley increased its stake in shares of Melco Resorts & Entertainment by 46.7% in the 2nd quarter. Morgan Stanley now owns 1,516,948 shares of the company’s stock worth $42,475,000 after acquiring an additional 483,236 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Melco Resorts & Entertainment in the 2nd quarter worth about $242,000. Finally, Advisors Asset Management Inc. bought a new position in shares of Melco Resorts & Entertainment in the 2nd quarter worth about $293,000. Institutional investors and hedge funds own 36.90% of the company’s stock.

Several research analysts recently issued reports on MLCO shares. Zacks Investment Research lowered shares of Melco Resorts & Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. CLSA upgraded shares of Melco Resorts & Entertainment from a “sell” rating to an “underperform” rating in a research note on Thursday, January 3rd. BidaskClub upgraded shares of Melco Resorts & Entertainment from a “sell” rating to a “hold” rating in a research note on Friday, January 11th. ValuEngine upgraded shares of Melco Resorts & Entertainment from a “strong sell” rating to a “sell” rating in a research note on Friday, November 16th. Finally, Citigroup set a $29.00 price target on shares of Melco Resorts & Entertainment and gave the stock a “buy” rating in a research note on Thursday, December 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $27.64.

NASDAQ:MLCO opened at $22.04 on Thursday. The stock has a market cap of $10.94 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 1.87 and a beta of 1.61. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.97 and a quick ratio of 0.95. Melco Resorts & Entertainment Limited has a fifty-two week low of $15.33 and a fifty-two week high of $32.95.

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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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