Zacks: Studio City International Holdings Ltd (NYSE:MSC) Given Average Rating of “Sell” by Analysts

Studio City International Holdings Ltd (NYSE:MSC) has earned a consensus broker rating score of 4.30 (Sell) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong sell recommendation.

Brokerages have set a 12 month consensus price objective of $16.00 for the company and are expecting that the company will post ($0.49) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Studio City International an industry rank of 147 out of 256 based on the ratings given to its competitors.

MSC has been the topic of several recent analyst reports. Zacks Investment Research downgraded Studio City International from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Credit Suisse Group downgraded Studio City International from a “neutral” rating to an “underperform” rating in a report on Wednesday, March 6th.

NYSE MSC traded up $0.20 during trading hours on Friday, hitting $19.60. 800 shares of the company’s stock were exchanged, compared to its average volume of 6,391. Studio City International has a 12-month low of $12.73 and a 12-month high of $28.59. The company has a market capitalization of $1.55 billion and a PE ratio of -82.38. The company has a current ratio of 1.49, a quick ratio of 1.46 and a debt-to-equity ratio of 1.31.

Studio City International (NYSE:MSC) last released its earnings results on Tuesday, May 7th. The company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.74) by $0.87. The business had revenue of $151.10 million for the quarter. Equities analysts predict that Studio City International will post -1.04 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley purchased a new position in shares of Studio City International in the 1st quarter worth about $25,000. Citigroup Inc. purchased a new position in shares of Studio City International in the 4th quarter worth about $27,000. Norges Bank purchased a new position in shares of Studio City International in the 4th quarter worth about $54,000. Dean Capital Investments Management LLC purchased a new position in shares of Studio City International in the 4th quarter worth about $647,000. Finally, Millennium Management LLC purchased a new position in shares of Studio City International in the 4th quarter worth about $1,724,000. Institutional investors own 21.98% of the company’s stock.

About Studio City International

Studio City International Holdings Ltd. is a gaming, retail and entertainment resort located in Cotai, Macau. It engages in the hospitality business and provision of gaming related services in Macau. The company was founded on August 2, 2000 and is headquartered in Hong Kong.

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