Studio City International Holdings Ltd (NYSE:MSC) has been assigned a consensus broker rating score of 4.30 (Sell) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation.

Brokers have set a 1 year consensus price objective of $20.00 for the company and are predicting that the company will post $0.35 EPS for the current quarter, according to Zacks. Zacks has also assigned Studio City International an industry rank of 182 out of 255 based on the ratings given to its competitors.

Several analysts recently issued reports on the stock. ValuEngine cut shares of Studio City International from a “hold” rating to a “sell” rating in a report on Saturday. Zacks Investment Research raised shares of Studio City International from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Friday, September 20th.

An institutional investor recently raised its position in Studio City International stock. Millennium Management LLC increased its position in Studio City International Holdings Ltd (NYSE:MSC) by 79.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 91,543 shares of the company’s stock after acquiring an additional 40,543 shares during the period. Millennium Management LLC owned approximately 0.12% of Studio City International worth $1,840,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 22.15% of the company’s stock.

MSC stock traded up $0.36 during trading on Friday, reaching $20.50. 399 shares of the company were exchanged, compared to its average volume of 1,219. The company has a market cap of $1.58 billion, a P/E ratio of 85.42 and a beta of -1.06. Studio City International has a 52-week low of $12.73 and a 52-week high of $21.22. The stock’s 50 day moving average price is $19.99 and its 200 day moving average price is $19.74. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.64 and a current ratio of 1.66.

Studio City International (NYSE:MSC) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.12. The firm had revenue of $158.10 million for the quarter. Studio City International had a net margin of 2.12% and a return on equity of 2.77%. As a group, equities research analysts forecast that Studio City International will post 0.62 EPS for the current year.

Studio City International Company Profile

Studio City International Holdings Ltd. is a gaming, retail and entertainment resort located in Cotai, Macau. It engages in the hospitality business and provision of gaming related services in Macau. The company was founded on August 2, 2000 and is headquartered in Hong Kong.

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