60,300 Shares in Melco Crown Entertainment Limited (MLCO) Acquired by Caldwell & Orkin Inc.

Caldwell & Orkin Inc. acquired a new stake in shares of Melco Crown Entertainment Limited (NASDAQ:MLCO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 60,300 shares of the company’s stock, valued at approximately $1,454,000. Melco Crown Entertainment Limited makes up 1.5% of Caldwell & Orkin Inc.’s investment portfolio, making the stock its 25th largest position.

Several other large investors have also added to or reduced their stakes in MLCO. Canada Pension Plan Investment Board bought a new position in shares of Melco Crown Entertainment Limited during the 3rd quarter valued at about $112,000. LS Investment Advisors LLC bought a new position in shares of Melco Crown Entertainment Limited during the 3rd quarter valued at about $129,000. Cavalier Investments LLC bought a new position in shares of Melco Crown Entertainment Limited during the 3rd quarter valued at about $205,000. State Board of Administration of Florida Retirement System bought a new position in shares of Melco Crown Entertainment Limited during the 3rd quarter valued at about $216,000. Finally, River Road Asset Management LLC bought a new position in shares of Melco Crown Entertainment Limited during the 3rd quarter valued at about $264,000. Institutional investors and hedge funds own 40.12% of the company’s stock.

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Several equities analysts have recently weighed in on the company. Macquarie cut their price objective on Melco Crown Entertainment Limited from $26.00 to $25.80 and set an “outperform” rating on the stock in a report on Friday, August 18th. Zacks Investment Research cut Melco Crown Entertainment Limited from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Nomura upgraded Melco Crown Entertainment Limited from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $20.00 to $29.00 in a report on Tuesday, September 19th. Instinet upgraded Melco Crown Entertainment Limited from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $20.00 to $29.00 in a report on Tuesday, September 19th. Finally, TheStreet cut Melco Crown Entertainment Limited from a “b-” rating to a “c+” rating in a report on Thursday, July 27th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $24.83.

Melco Crown Entertainment Limited (MLCO) traded up $0.27 during midday trading on Thursday, reaching $24.91. The company’s stock had a trading volume of 1,542,700 shares, compared to its average volume of 3,769,328. The company has a market cap of $12,122.26, a PE ratio of 29.33, a price-to-earnings-growth ratio of 1.02 and a beta of 1.92. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.08 and a quick ratio of 1.07. Melco Crown Entertainment Limited has a 12-month low of $14.89 and a 12-month high of $26.54.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Tuesday, November 14th will be given a dividend of $0.09 per share. This is a positive change from Melco Crown Entertainment Limited’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Monday, November 13th. This represents a $0.36 annualized dividend and a dividend yield of 1.45%. Melco Crown Entertainment Limited’s payout ratio is 56.45%.

Melco Crown Entertainment Limited 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 Crown Entertainment Limited (NASDAQ:MLCO)

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