Melco Resorts & Entertainment Limited $MLCO Shares Sold by RBF Capital LLC

RBF Capital LLC lowered its stake in shares of Melco Resorts & Entertainment Limited (NASDAQ:MLCO) by 10.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 850,000 shares of the company’s stock after selling 100,000 shares during the period. RBF Capital LLC owned 0.20% of Melco Resorts & Entertainment worth $6,434,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Kestra Advisory Services LLC acquired a new position in shares of Melco Resorts & Entertainment in the 4th quarter valued at $48,000. Quarry LP acquired a new position in shares of Melco Resorts & Entertainment in the 3rd quarter valued at $68,000. Hilton Head Capital Partners LLC acquired a new position in shares of Melco Resorts & Entertainment in the 4th quarter valued at $63,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Melco Resorts & Entertainment in the 2nd quarter valued at $71,000. Finally, WINTON GROUP Ltd acquired a new position in shares of Melco Resorts & Entertainment in the 4th quarter valued at $89,000. Institutional investors and hedge funds own 39.62% of the company’s stock.

Melco Resorts & Entertainment Trading Down 0.4%

MLCO stock opened at $5.42 on Wednesday. The business’s fifty day moving average price is $5.62 and its 200 day moving average price is $6.30. Melco Resorts & Entertainment Limited has a 12-month low of $5.18 and a 12-month high of $10.15. The company has a market capitalization of $2.10 billion, a PE ratio of 9.34, a P/E/G ratio of 3.01 and a beta of 0.58.

Wall Street Analysts Forecast Growth

MLCO has been the topic of several recent analyst reports. Wall Street Zen lowered Melco Resorts & Entertainment from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. CLSA lowered Melco Resorts & Entertainment from an “outperform” rating to a “hold” rating and set a $6.10 price target on the stock. in a research note on Friday, June 5th. Finally, CICC Research raised Melco Resorts & Entertainment to an “outperform” rating in a research note on Sunday, April 19th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $8.96.

About Melco Resorts & Entertainment

Melco Resorts & Entertainment Limited (NASDAQ: MLCO) is a developer, owner and operator of integrated resort destinations in Asia and Europe. The company’s portfolio spans casino gaming, hotel accommodations, retail, dining and entertainment facilities. Melco’s properties feature a mix of luxury hotels, award-winning restaurants, high-limit gaming salons and entertainment venues, catering to a broad range of leisure and business travelers.

In Macau, Melco owns and operates flagship properties including City of Dreams Macau, Altira Macau and Studio City.