Capital Fund Management S.A. Sells 341,724 Shares of Melco Resorts & Entertainment Ltd (MLCO)

Capital Fund Management S.A. reduced its stake in shares of Melco Resorts & Entertainment Ltd (NASDAQ:MLCO) by 90.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,416 shares of the company’s stock after selling 341,724 shares during the period. Capital Fund Management S.A.’s holdings in Melco Resorts & Entertainment were worth $1,087,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MLCO. Canada Pension Plan Investment Board bought a new position in Melco Resorts & Entertainment during the third quarter valued at about $112,000. LS Investment Advisors LLC bought a new position in Melco Resorts & Entertainment during the third quarter valued at about $129,000. Nordea Investment Management AB bought a new position in Melco Resorts & Entertainment during the third quarter valued at about $136,000. Ladenburg Thalmann Financial Services Inc. bought a new position in Melco Resorts & Entertainment during the third quarter valued at about $173,000. Finally, Point72 Asset Management L.P. bought a new position in Melco Resorts & Entertainment during the third quarter valued at about $193,000. Institutional investors own 42.54% of the company’s stock.

Several equities analysts have weighed in on the company. Zacks Investment Research lowered Melco Resorts & Entertainment from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Goldman Sachs Group upgraded Melco Resorts & Entertainment from a “neutral” rating to a “buy” rating in a report on Sunday, February 4th. BidaskClub upgraded Melco Resorts & Entertainment from a “hold” rating to a “buy” rating in a report on Thursday, December 21st. JPMorgan Chase & Co. upgraded Melco Resorts & Entertainment from a “neutral” rating to an “overweight” rating and set a $32.00 target price on the stock in a report on Tuesday, December 19th. Finally, TheStreet upgraded Melco Resorts & Entertainment from a “c+” rating to a “b” rating in a report on Tuesday, November 21st. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $27.37.

Shares of Melco Resorts & Entertainment Ltd (NASDAQ MLCO) opened at $28.50 on Thursday. The stock has a market capitalization of $14,050.00, a PE ratio of 40.71, a PEG ratio of 2.06 and a beta of 1.71. Melco Resorts & Entertainment Ltd has a 1 year low of $16.00 and a 1 year high of $30.49. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.10 and a quick ratio of 1.07.

Melco Resorts & Entertainment (NASDAQ:MLCO) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.03). The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.36 billion. Melco Resorts & Entertainment had a net margin of 6.47% and a return on equity of 13.83%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. sell-side analysts predict that Melco Resorts & Entertainment Ltd will post 1.14 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Tuesday, February 20th will be given a $0.135 dividend. This is an increase from Melco Resorts & Entertainment’s previous quarterly dividend of $0.02. This represents a $0.54 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Friday, February 16th. Melco Resorts & Entertainment’s dividend payout ratio (DPR) is currently 70.00%.

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Melco Resorts & Entertainment Company 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.

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

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