Tobam decreased its stake in Melco Resorts & Entertainment Ltd (NASDAQ:MPEL) by 20.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,479 shares of the company’s stock after selling 15,929 shares during the period. Tobam’s holdings in Melco Resorts & Entertainment were worth $1,403,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Acadian Asset Management LLC raised its stake in shares of Melco Resorts & Entertainment by 576.0% in the second quarter. Acadian Asset Management LLC now owns 2,607,354 shares of the company’s stock valued at $58,534,000 after buying an additional 2,221,656 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Melco Resorts & Entertainment by 297.4% in the second quarter. Russell Investments Group Ltd. now owns 2,278,441 shares of the company’s stock valued at $51,154,000 after buying an additional 1,705,160 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Melco Resorts & Entertainment by 22.1% in the second quarter. American Century Companies Inc. now owns 1,565,612 shares of the company’s stock valued at $35,148,000 after buying an additional 283,521 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Melco Resorts & Entertainment during the second quarter valued at about $16,388,000. Finally, LMR Partners LLP raised its stake in shares of Melco Resorts & Entertainment by 337.7% in the second quarter. LMR Partners LLP now owns 659,500 shares of the company’s stock valued at $14,805,000 after buying an additional 508,812 shares during the last quarter.

Melco Resorts & Entertainment Ltd (MPEL) opened at 18.9700 on Tuesday. Melco Resorts & Entertainment Ltd has a 1-year low of $11.91 and a 1-year high of $20.00.

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Separately, Wells Fargo & Company reiterated a “neutral” rating on shares of Melco Resorts & Entertainment in a research note on Tuesday, July 4th.

Melco Resorts & Entertainment 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 Resorts & Entertainment (NASDAQ:MPEL)

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