American Century Companies Inc. bought a new position in shares of Melco Crown Entertainment Limited (NASDAQ:MLCO) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,771,020 shares of the company’s stock, valued at approximately $90,957,000. American Century Companies Inc. owned approximately 0.77% of Melco Crown Entertainment Limited at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. APG Asset Management N.V. purchased a new position in shares of Melco Crown Entertainment Limited during the 3rd quarter worth approximately $9,735,000. First Trust Advisors LP purchased a new position in shares of Melco Crown Entertainment Limited during the 3rd quarter worth approximately $6,588,000. USA Mutuals Advisors Inc. purchased a new position in shares of Melco Crown Entertainment Limited during the 3rd quarter worth approximately $6,414,000. Alexandria Capital LLC purchased a new position in shares of Melco Crown Entertainment Limited during the 3rd quarter worth approximately $5,714,000. Finally, Pictet Asset Management Ltd. purchased a new position in shares of Melco Crown Entertainment Limited during the 3rd quarter worth approximately $4,501,000. 39.33% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on MLCO shares. Zacks Investment Research raised Melco Crown Entertainment Limited from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Wednesday, September 27th. Nomura raised Melco Crown Entertainment Limited from a “neutral” rating to a “buy” rating and raised their price objective for the company from $20.00 to $29.00 in a research note on Tuesday, September 19th. Instinet raised Melco Crown Entertainment Limited from a “neutral” rating to a “buy” rating and raised their price objective for the company from $20.00 to $29.00 in a research note on Tuesday, September 19th. Roth Capital started coverage on Melco Crown Entertainment Limited in a research note on Wednesday, November 1st. They issued a “buy” rating and a $34.00 price objective for the company. Finally, TheStreet downgraded Melco Crown Entertainment Limited from a “b-” rating to a “c+” rating in a research note on Thursday, July 27th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $24.83.

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Shares of Melco Crown Entertainment Limited (MLCO) opened at $25.20 on Friday. Melco Crown Entertainment Limited has a fifty-two week low of $14.89 and a fifty-two week high of $26.54. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $12,412.53, a price-to-earnings ratio of 30.04, a PEG ratio of 1.04 and a beta of 1.92.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Tuesday, November 14th will be issued a dividend of $0.09 per share. This is a boost from Melco Crown Entertainment Limited’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Monday, November 13th. This represents a $0.36 annualized dividend and a dividend yield of 1.43%. Melco Crown Entertainment Limited’s dividend payout ratio (DPR) is 48.39%.

About Melco Crown Entertainment Limited

Melco Resorts & Entertainment Limited, formerly Melco Crown Entertainment Limited, is a holding company. The Company, through its subsidiaries, develops, owns and operates casino gaming and entertainment casino resort facilities in Asia. It is principally engaged in the gaming and hospitality business in Asia and its principal operating and developmental activities occur in over two geographic areas, which include Macau and the Philippines.

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

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