Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Melco Resorts & Entertainment Ltd (NASDAQ:MPEL) by 38.1% during the second quarter, Holdings Channel reports. The fund owned 20,166 shares of the company’s stock after buying an additional 5,562 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Melco Resorts & Entertainment were worth $452,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Guggenheim Capital LLC raised its stake in shares of Melco Resorts & Entertainment by 214.4% in the fourth quarter. Guggenheim Capital LLC now owns 31,794 shares of the company’s stock worth $506,000 after buying an additional 21,682 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of Melco Resorts & Entertainment by 323.9% in the fourth quarter. Macquarie Group Ltd. now owns 40,230 shares of the company’s stock worth $640,000 after buying an additional 30,740 shares during the period. Shell Asset Management Co. boosted its position in shares of Melco Resorts & Entertainment by 25.1% in the second quarter. Shell Asset Management Co. now owns 40,223 shares of the company’s stock worth $903,000 after buying an additional 8,081 shares during the period. Creative Planning boosted its position in shares of Melco Resorts & Entertainment by 10.9% in the first quarter. Creative Planning now owns 79,408 shares of the company’s stock worth $1,472,000 after buying an additional 7,808 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its position in shares of Melco Resorts & Entertainment by 23.7% in the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 162,000 shares of the company’s stock worth $3,593,000 after buying an additional 31,000 shares during the period.

Melco Resorts & Entertainment Ltd (MPEL) opened at 18.97 on Friday. The company’s 50-day moving average is $17.55 and its 200-day moving average is $17.10. Melco Resorts & Entertainment Ltd has a 12 month low of $11.91 and a 12 month high of $20.00.

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Separately, Wells Fargo & Company reissued a “neutral” rating on shares of Melco Resorts & Entertainment in a research report 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.

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

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