23 hours Ago By Defense World Staff
Geode Capital Management LLC grew its holdings in shares of Melco Resorts & Entertainment Limited ( NASDAQ:MLCO – Free Report ) by 8.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 364,090 shares of the company’s stock after buying an additional 27,411 shares during the period.
Geode Capital Management LLC owned 0.09% of Melco Resorts & Entertainment worth $2,108,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors also recently made changes to their positions in MLCO.
GAMMA Investing LLC increased its stake in shares of Melco Resorts & Entertainment by 140.7% in the 4th quarter. GAMMA Investing LLC now owns 7,533 shares of the company’s stock worth $44,000 after acquiring an additional 4,403 shares in the last quarter.
Patriot Financial Group Insurance Agency LLC bought a new position in Melco Resorts & Entertainment during the fourth quarter valued at approximately $58,000. Empirical Asset Management LLC bought a new stake in shares of Melco Resorts & Entertainment in the fourth quarter worth $73,000. Wealthspire Advisors LLC bought a new position in shares of Melco Resorts & Entertainment in the 4th quarter worth approximately $145,000.
Finally, Virtu Financial LLC purchased a new position in shares of Melco Resorts & Entertainment in the fourth quarter worth approximately $167,000. Institutional investors own 39.62% of the company’s stock.
Analysts Set New Price Targets MLCO has been the subject of a number of analyst reports. Susquehanna lowered their price target on shares of Melco Resorts & Entertainment from $10.00 to $9.
00 and set a “positive” rating for the company in a report on Monday, February 3rd. Morgan Stanley upgraded Melco Resorts & Entertainment from an “equal weight” rating to an “overweight” rating and lowered their price target for the stock from $7.50 to $6.
70 in a research report on Monday, March 3rd. Finally, Citigroup upgraded shares of Melco Resorts & Entertainment from a “neutral” rating to a “buy” rating and set a $6.25 price target on the stock in a report on Thursday, April 10th.
One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Melco Resorts & Entertainment presently has an average rating of “Moderate Buy” and an average price target of $7.
29. Melco Resorts & Entertainment Stock Performance Shares of MLCO stock opened at $5.18 on Wednesday.
The stock has a fifty day moving average price of $5.30 and a 200 day moving average price of $5.87.
The stock has a market cap of $2.20 billion, a PE ratio of -23.54, a P/E/G ratio of 0.
63 and a beta of 0.87. Melco Resorts & Entertainment Limited has a 1 year low of $4.
55 and a 1 year high of $8.90. Melco Resorts & Entertainment Profile ( Free Report ) 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. See Also Five stocks we like better than Melco Resorts & Entertainment Natural Gas Prices Continue To Rally, These Stocks Should Benefit Don’t Be Fooled by the Bounce: The Market Storm Isn’t Over Yet What Does Downgrade Mean in Investing? Coca-Cola Company Stock Can Bubble to New Highs This Year 3 Monster Growth Stocks to Buy Now 3 Stocks Lifting 2025 Guidance Despite Market Jitters Receive News & Ratings for Melco Resorts & Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Melco Resorts & Entertainment and related companies with MarketBeat.com's FREE daily email newsletter .
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