Studio City Ih (NYSE:MSC) Director Acquires $17,794.56 in Stock

Studio City Ih (NYSE:MSC) Director Lawrence Yau Lung Ho acquired 63,552 shares of Studio City Ih stock in a transaction that occurred on Friday, November 6th. The shares were purchased at an average price of $0.28 per share, for a total transaction of $17,794.56. Following the transaction, the director directly owned 463,464,152 shares in the company, valued at $129,769,962.56. The trade was a 0.01% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Lawrence Yau Lung Ho also recently made the following trade(s):

• On Thursday, November 5th, Lawrence Yau Lung Ho bought 8,696 shares of Studio City Ih stock. The stock was purchased at an average price of $0.26 per share, with a total value of $2,260.96.
• On Wednesday, September 23rd, Lawrence Yau Lung Ho purchased 1,043,600 shares of Studio City Ih stock. The shares were purchased at an average cost of $0.20 per share, for a total transaction of $208,720.00.

Studio City Ih Stock Performance

NYSE:MSC opened at $0.97 on Monday. The stock has a market cap of $203.77 million, a P/E ratio of -3.87 and a beta of 0.15. The company has a current ratio of 0.81, a quick ratio of 0.75 and a debt-to-equity ratio of 3.79. The stock’s 50-day moving average is $1.11 and its 200-day moving average is $2.11. Studio City Ih has a 1-year low of $0.75 and a 1-year high of $4.19.

Studio City Ih (NYSE:MSC) last issued its quarterly earnings data on Thursday, November 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.21. Studio City Ih had a negative net margin of 7.19% and a negative return on equity of 8.62%. The business had revenue of $163.30 million during the quarter, compared to analyst estimates of $170.68 million.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Studio City Ih in a report on Friday, September 25th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Studio City Ih Company Profile

Studio City International Holdings Limited develops and operates Studio City, an integrated resort located in Cotai, Macau. The property combines casino gaming with hospitality, entertainment, dining, retail and leisure attractions, serving visitors to Macau’s tourism and gaming market.

Studio City’s offerings include hotel accommodations, gaming facilities, restaurants, shops, event and entertainment venues, and family-oriented attractions. The resort was developed in phases, with the initial property opening in 2015 and additional hotel, entertainment, retail and leisure facilities added through its subsequent expansion.

Studio City International Holdings is majority-owned by Melco Resorts & Entertainment Limited and focuses primarily on the operation and continued development of its Macau integrated resort.