First Trust Advisors LP bought a new stake in shares of Melco Crown Entertainment Limited (NASDAQ:MLCO) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 273,141 shares of the company’s stock, valued at approximately $6,588,000. First Trust Advisors LP owned about 0.06% of Melco Crown Entertainment Limited as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. APG Asset Management N.V. purchased a new position in shares of Melco Crown Entertainment Limited during the third quarter valued at approximately $9,735,000. Handelsbanken Fonder AB purchased a new position in shares of Melco Crown Entertainment Limited during the third quarter valued at approximately $3,739,000. Nationwide Fund Advisors purchased a new position in shares of Melco Crown Entertainment Limited during the third quarter valued at approximately $1,396,000. GRATRY & Co LLC purchased a new position in shares of Melco Crown Entertainment Limited during the third quarter valued at approximately $639,000. Finally, LS Investment Advisors LLC purchased a new position in shares of Melco Crown Entertainment Limited during the third quarter valued at approximately $129,000. Hedge funds and other institutional investors own 40.12% of the company’s stock.

Several equities analysts have recently issued reports on the stock. Macquarie lowered their target price on shares of Melco Crown Entertainment Limited from $26.00 to $25.80 and set an “outperform” rating for the company in a report on Friday, August 18th. Zacks Investment Research lowered shares of Melco Crown Entertainment Limited from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. TheStreet lowered 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 company from $20.00 to $29.00 in a report on Tuesday, September 19th. Finally, Nomura boosted their price objective 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 analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $24.83.

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Shares of Melco Crown Entertainment Limited (MLCO) opened at $24.64 on Wednesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.08 and a quick ratio of 1.07. Melco Crown Entertainment Limited has a 1 year low of $14.89 and a 1 year high of $26.54. The company has a market cap of $12,363.33, a P/E ratio of 29.92, a price-to-earnings-growth ratio of 1.04 and a beta of 1.92.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Tuesday, November 14th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Monday, November 13th. This is an increase from Melco Crown Entertainment Limited’s previous quarterly dividend of $0.03. Melco Crown Entertainment Limited’s payout ratio is 56.45%.

Melco Crown Entertainment Limited 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.

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

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