Tower Research Capital LLC TRC Has $62,000 Holdings in Melco Resorts & Entertainment Limited (NASDAQ:MLCO)

Tower Research Capital LLC TRC increased its position in shares of Melco Resorts & Entertainment Limited (NASDAQ:MLCO) by 2,725.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,882 shares of the company’s stock after purchasing an additional 2,780 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Melco Resorts & Entertainment were worth $62,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Natixis raised its position in shares of Melco Resorts & Entertainment by 5.0% in the 2nd quarter. Natixis now owns 37,036 shares of the company’s stock valued at $804,000 after buying an additional 1,768 shares in the last quarter. Private Advisor Group LLC lifted its stake in Melco Resorts & Entertainment by 4.3% during the first quarter. Private Advisor Group LLC now owns 49,289 shares of the company’s stock worth $1,113,000 after purchasing an additional 2,019 shares during the last quarter. Pictet Asset Management Ltd. boosted its holdings in shares of Melco Resorts & Entertainment by 1.4% in the 1st quarter. Pictet Asset Management Ltd. now owns 154,000 shares of the company’s stock valued at $3,479,000 after purchasing an additional 2,100 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in shares of Melco Resorts & Entertainment in the 2nd quarter valued at $48,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Melco Resorts & Entertainment by 3.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 70,793 shares of the company’s stock valued at $1,538,000 after purchasing an additional 2,263 shares in the last quarter. 35.69% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on the company. BidaskClub cut Melco Resorts & Entertainment from a “sell” rating to a “strong sell” rating in a report on Tuesday. CLSA set a $26.00 price objective on Melco Resorts & Entertainment and gave the company a “buy” rating in a research note on Friday, September 6th. Nomura reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Melco Resorts & Entertainment in a research note on Tuesday, August 13th. UBS Group lifted their target price on Melco Resorts & Entertainment from $25.60 to $26.80 and gave the company a “buy” rating in a research report on Friday, September 13th. Finally, Zacks Investment Research downgraded Melco Resorts & Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $25.29.

Shares of MLCO traded down $0.02 during trading hours on Tuesday, reaching $19.39. The stock had a trading volume of 832,892 shares, compared to its average volume of 1,319,503. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.80 and a current ratio of 0.82. Melco Resorts & Entertainment Limited has a 12 month low of $15.33 and a 12 month high of $26.97. The stock has a market capitalization of $9.59 billion, a PE ratio of 21.79, a PEG ratio of 0.80 and a beta of 1.86. The company’s 50-day moving average is $20.51 and its two-hundred day moving average is $22.18.

Melco Resorts & Entertainment (NASDAQ:MLCO) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. Melco Resorts & Entertainment had a return on equity of 14.53% and a net margin of 6.55%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the company posted $0.12 EPS. Melco Resorts & Entertainment’s quarterly revenue was up 17.4% compared to the same quarter last year. Equities analysts anticipate that Melco Resorts & Entertainment Limited will post 1.08 earnings per share for the current fiscal year.

About Melco Resorts & Entertainment

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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