Profund Advisors LLC trimmed its position in shares of Melco PBL Holdings (NASDAQ:MLCO) by 8.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,832 shares of the company’s stock after selling 2,838 shares during the quarter. Profund Advisors LLC’s holdings in Melco PBL were worth $953,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Nationwide Fund Advisors acquired a new position in shares of Melco PBL during the third quarter worth approximately $1,396,000. First Trust Advisors LP acquired a new position in shares of Melco PBL during the third quarter worth approximately $6,588,000. Canada Pension Plan Investment Board acquired a new position in shares of Melco PBL during the third quarter worth approximately $112,000. State Board of Administration of Florida Retirement System acquired a new position in shares of Melco PBL during the third quarter worth approximately $216,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in Melco PBL in the third quarter valued at approximately $820,000. 41.04% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MLCO stock opened at $28.37 on Friday. The firm has a market capitalization of $13,858.94, a price-to-earnings ratio of 30.84, a PEG ratio of 2.06 and a beta of 1.55. The company has a quick ratio of 1.07, a current ratio of 1.10 and a debt-to-equity ratio of 1.13. Melco PBL Holdings has a one year low of $19.29 and a one year high of $30.49.
Melco PBL (NASDAQ:MLCO) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03). The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.36 billion. Melco PBL had a net margin of 6.47% and a return on equity of 13.83%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. equities research analysts predict that Melco PBL Holdings will post 1.14 earnings per share for the current fiscal year.
Several equities analysts recently weighed in on MLCO shares. CLSA started coverage on shares of Melco PBL in a report on Monday, February 26th. They issued an “outperform” rating on the stock. Zacks Investment Research downgraded shares of Melco PBL from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. BidaskClub downgraded shares of Melco PBL from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Goldman Sachs raised shares of Melco PBL from a “neutral” rating to a “buy” rating in a research note on Sunday, February 4th. Finally, JPMorgan Chase raised shares of Melco PBL from a “neutral” rating to an “overweight” rating and set a $32.00 target price for the company in a research note on Tuesday, December 19th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $28.78.
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Melco PBL 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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