Capula Management Ltd Makes New Investment in Melco Resorts & Entertainment Limited (NASDAQ:MLCO)

Capula Management Ltd purchased a new stake in Melco Resorts & Entertainment Limited (NASDAQ:MLCO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 96,646 shares of the company's stock, valued at approximately $560,000.

Several other institutional investors have also modified their holdings of the business. Charles Schwab Investment Management Inc. grew its stake in Melco Resorts & Entertainment by 124.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 239,868 shares of the company's stock worth $1,869,000 after purchasing an additional 133,086 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Melco Resorts & Entertainment by 88.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 380,372 shares of the company's stock worth $2,963,000 after buying an additional 178,993 shares in the last quarter. Verition Fund Management LLC acquired a new position in shares of Melco Resorts & Entertainment during the third quarter worth about $858,000. XTX Topco Ltd purchased a new stake in shares of Melco Resorts & Entertainment during the third quarter worth approximately $328,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Melco Resorts & Entertainment in the third quarter valued at approximately $492,000. Institutional investors and hedge funds own 39.62% of the company's stock.

Melco Resorts & Entertainment Price Performance

Shares of Melco Resorts & Entertainment stock traded down $0.07 during trading hours on Friday, hitting $4.76. The company had a trading volume of 8,399,148 shares, compared to its average volume of 3,725,106. The company's 50-day moving average is $5.49 and its two-hundred day moving average is $6.12. The company has a market cap of $2.03 billion, a P/E ratio of -21.64, a price-to-earnings-growth ratio of 0.63 and a beta of 0.87. Melco Resorts & Entertainment Limited has a twelve month low of $4.55 and a twelve month high of $8.90.

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Analysts Set New Price Targets

Several research firms have commented on MLCO. Morgan Stanley upgraded shares of Melco Resorts & Entertainment from an "equal weight" rating to an "overweight" rating and lowered their price target for the stock from $7.50 to $6.70 in a report on Monday, March 3rd. Susquehanna lowered their target price on shares of Melco Resorts & Entertainment from $10.00 to $9.00 and set a "positive" rating for the company in a research note on Monday, February 3rd. Finally, Citigroup upgraded Melco Resorts & Entertainment from a "neutral" rating to a "buy" rating and set a $6.25 price target on the stock in a research note on Thursday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $7.29.

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.