Fullerton Fund Management Co Ltd purchased a new position in shares of Melco Resorts & Entertainment Limited (NASDAQ:MLCO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 42,935 shares of the company’s stock, valued at approximately $908,000. Melco Resorts & Entertainment makes up 0.5% of Fullerton Fund Management Co Ltd’s holdings, making the stock its 20th largest holding.

A number of other institutional investors also recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. increased its position in Melco Resorts & Entertainment by 9.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 26,047 shares of the company’s stock worth $729,000 after buying an additional 2,198 shares in the last quarter. Standard Life Aberdeen plc increased its position in Melco Resorts & Entertainment by 1.9% during the second quarter. Standard Life Aberdeen plc now owns 132,389 shares of the company’s stock worth $3,707,000 after buying an additional 2,459 shares in the last quarter. Financial Counselors Inc. boosted its holdings in shares of Melco Resorts & Entertainment by 20.4% during the second quarter. Financial Counselors Inc. now owns 15,186 shares of the company’s stock worth $425,000 after purchasing an additional 2,569 shares during the last quarter. TD Asset Management Inc. boosted its holdings in shares of Melco Resorts & Entertainment by 4.0% during the second quarter. TD Asset Management Inc. now owns 67,100 shares of the company’s stock worth $1,879,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Rothschild Investment Corp IL boosted its holdings in shares of Melco Resorts & Entertainment by 49.0% during the third quarter. Rothschild Investment Corp IL now owns 10,730 shares of the company’s stock worth $227,000 after purchasing an additional 3,530 shares during the last quarter. 36.24% of the stock is owned by institutional investors.

Several equities research analysts have recently issued reports on MLCO shares. TheStreet cut Melco Resorts & Entertainment from a “b-” rating to a “c+” rating in a report on Tuesday, October 30th. BidaskClub upgraded Melco Resorts & Entertainment from a “strong sell” rating to a “sell” rating in a report on Friday, September 21st. ValuEngine upgraded Melco Resorts & Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. UBS Group cut Melco Resorts & Entertainment from a “buy” rating to a “neutral” rating in a report on Wednesday, September 12th. Finally, Sanford C. Bernstein decreased their price objective on Melco Resorts & Entertainment from $34.50 to $27.00 and set an “outperform” rating on the stock in a report on Monday, September 17th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $32.30.

MLCO stock opened at $18.60 on Thursday. Melco Resorts & Entertainment Limited has a 52-week low of $15.33 and a 52-week high of $32.95. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.95 and a current ratio of 0.97. The firm has a market cap of $9.19 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 1.34 and a beta of 1.64.

Melco Resorts & Entertainment (NASDAQ:MLCO) last posted its quarterly earnings data on Thursday, November 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.18). Melco Resorts & Entertainment had a return on equity of 11.89% and a net margin of 5.98%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the business earned $0.24 EPS. Melco Resorts & Entertainment’s revenue for the quarter was down 11.4% compared to the same quarter last year. As a group, equities research analysts predict that Melco Resorts & Entertainment Limited will post 1.07 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 29th. Investors of record on Monday, November 19th were issued a $0.1451 dividend. The ex-dividend date was Friday, November 16th. This represents a $0.58 dividend on an annualized basis and a yield of 3.12%. This is a boost from Melco Resorts & Entertainment’s previous quarterly dividend of $0.15. Melco Resorts & Entertainment’s dividend payout ratio (DPR) is presently 61.96%.

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About Melco Resorts & Entertainment

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.

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Institutional Ownership by Quarter for Melco Resorts & Entertainment (NASDAQ:MLCO)

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