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    West Family Investments Inc. Acquires New Jobs from Melco Resorts & Entertainment Limited (NASDAQ: MLCO )

    shivachetanbijjal@gmail.comBy shivachetanbijjal@gmail.comJanuary 25, 2023No Comments4 Mins Read
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    Melco Crown Entertainment LogoWest Family Investments Inc. purchased new shares of Melco Resorts & Entertainment Limited (NASDAQ: MLCO – Get Rating) during the third quarter, according to a recent disclosure to the US Securities and Exchange Commission (SEC). The company purchased 12,848 shares of the company’s stock, valued at approximately $85,000.

    Other institutional investors and hedge funds also bought and sold the company’s shares. Ronald Blue Trust Inc. purchased a new stake in Melco Resorts & Entertainment in the second quarter, valued at approximately $30,000. Quadrant Capital Group LLC increased its stake in Melco Resorts & Entertainment by 103.0% during the second quarter. Quadrant Capital Group LLC now owns 6,661 shares of the company worth $38,000 after acquiring an additional 3,380 shares last quarter. Arden Trust Co bought a new position in Melco Resorts & Entertainment stock in the third quarter, worth about $70,000. Y Intercept Hong Kong Ltd bought a new position in Melco Resorts & Entertainment stock in the second quarter, worth about $78,000. Finally, XTX Topco Ltd purchased a new position in Melco Resorts & Entertainment stock worth approximately $110,000 during the first quarter. 39.70% of the shares are held by hedge funds and other institutional investors.

    Wall Street analysts forecast growth

    MLCO has been the subject of several recent analyst reports. Credit Suisse Group downgraded shares of Melco Crown Entertainment from an “outperform” rating to a “neutral” rating in a report on Monday, October 17th. StockNews.com upgraded shares of Melco Crown Entertainment to a “sell” rating in a report on Thursday, December 1st. Finally, J.P. Morgan upgraded shares of Melco Crown Entertainment from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $7.00 to an “overweight” rating in a report on Monday, November 28th. $10.00. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $10.75.

    Melco Crown Entertainment shares fell 2.6 percent

    Nasdaq: MLCO opened at $13.10 on Wednesday. The company’s 50-day simple moving average is $10.92 and its 200-day simple moving average is $7.62. Melco Crown Entertainment Ltd had a twelve-month low of $4.06 and a twelve-month high of $14.15. The company’s current ratio is 2.34, quick ratio is 2.31, and debt-to-equity ratio is 21.09.

    Melco Crown Entertainment (NASDAQ: MLCO – Rated ) last released quarterly earnings results on Wednesday, November 2nd. The company reported earnings per share ($0.52) for the quarter, beating the consensus estimate ($0.56) by $0.04. The business reported revenue of $241.84 million for the quarter, compared with analysts’ expectations of $305.79 million. Melco Crown Entertainment has a negative net margin of 56.15% and a negative return on equity of 182.94%. Equity analysts forecast Melco Crown Entertainment Ltd. to post earnings per share of -2.05 for the current fiscal year.

    About Melco Crown Entertainment

    (get rating)

    Melco Crown Entertainment Limited, through its subsidiaries, develops, owns and operates casino gaming and casino resort facilities in Asia. Owns and operates City of Dreams, an integrated casino with 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; entertainment and leisure facilities, including health and fitness clubs, swimming pools, spas and salons, and banquet and conference facilities.

    read more

    Melco Crown Entertainment (NASDAQ: MLCO ) Institutional Ownership by Quarter

    This breaking news alert is powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate coverage. This story was reviewed by MarketBeat’s editorial team before publication. Please send any questions or comments about this story to contact@marketbeat.com.

    You’ll want to hear this before you consider Melco Crown Entertainment.

    MarketBeat tracks Wall Street’s highest-rated and top-performing research analysts and the stocks they recommend to clients on a daily basis. MarketBeat has identified five stocks top analysts are quietly whispering to their clients to buy now before the broader market hits…and Melco Crown Entertainment isn’t on the list.

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