Apertura Capital LLC bought a new position in Melco Crown Entertainment Limited (NASDAQ:MLCO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 225,000 shares of the company’s stock, valued at approximately $5,427,000. Melco Crown Entertainment Limited accounts for about 1.0% of Apertura Capital LLC’s portfolio, making the stock its 16th biggest position.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Canada Pension Plan Investment Board bought a new position in Melco Crown Entertainment Limited in the 3rd quarter worth $112,000. LS Investment Advisors LLC bought a new position in Melco Crown Entertainment Limited in the 3rd quarter worth $129,000. Cavalier Investments LLC bought a new position in Melco Crown Entertainment Limited in the 3rd quarter worth $205,000. State Board of Administration of Florida Retirement System bought a new position in Melco Crown Entertainment Limited in the 3rd quarter worth $216,000. Finally, River Road Asset Management LLC bought a new position in Melco Crown Entertainment Limited in the 3rd quarter worth $264,000. Hedge funds and other institutional investors own 40.12% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was first reported by Watch List News and is owned by of Watch List News. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of international copyright & trademark laws. The correct version of this news story can be viewed at https://www.watchlistnews.com/apertura-capital-llc-buys-new-holdings-in-melco-crown-entertainment-limited-mlco/1710057.html.

Melco Crown Entertainment Limited (NASDAQ MLCO) traded up $0.28 during midday trading on Friday, reaching $25.19. 1,248,300 shares of the company were exchanged, compared to its average volume of 3,757,972. The company has a market capitalization of $12,520.00, a PE ratio of 29.66, a P/E/G ratio of 1.03 and a beta of 1.92. Melco Crown Entertainment Limited has a twelve month low of $14.89 and a twelve month high of $26.54. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.07 and a current ratio of 1.08.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Tuesday, November 14th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Monday, November 13th. This represents a $0.36 dividend on an annualized basis and a yield of 1.43%. This is a boost from Melco Crown Entertainment Limited’s previous quarterly dividend of $0.03. Melco Crown Entertainment Limited’s payout ratio is presently 55.56%.

Several research analysts recently commented on the stock. Macquarie dropped their target price on shares of Melco Crown Entertainment Limited from $26.00 to $25.80 and set an “outperform” rating on the stock in a report on Friday, August 18th. Zacks Investment Research downgraded shares of Melco Crown Entertainment Limited from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. TheStreet downgraded shares of Melco Crown Entertainment Limited from a “b-” rating to a “c+” rating in a report on Thursday, July 27th. Instinet upgraded shares of Melco Crown Entertainment Limited from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $20.00 to $29.00 in a report on Tuesday, September 19th. Finally, Nomura lifted their target price on shares of Melco Crown Entertainment Limited from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $24.83.

Melco Crown Entertainment Limited Company Profile

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.

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

Receive News & Ratings for Melco Crown Entertainment Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Melco Crown Entertainment Limited and related companies with Analyst Ratings Network's FREE daily email newsletter.