Jump Financial LLC Has $1.62 Million Holdings in Melco Resorts & Entertainment Limited (NASDAQ:MLCO)

Jump Financial LLC trimmed its position in Melco Resorts & Entertainment Limited (NASDAQ:MLCO - Free Report) by 33.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 279,490 shares of the company's stock after selling 141,850 shares during the quarter. Jump Financial LLC owned approximately 0.07% of Melco Resorts & Entertainment worth $1,618,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in MLCO. GAMMA Investing LLC boosted its stake in Melco Resorts & Entertainment by 140.7% in the 4th quarter. GAMMA Investing LLC now owns 7,533 shares of the company's stock worth $44,000 after purchasing an additional 4,403 shares during the period. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Melco Resorts & Entertainment in the fourth quarter worth $58,000. Empirical Asset Management LLC purchased a new position in shares of Melco Resorts & Entertainment during the fourth quarter valued at $73,000. Wealthspire Advisors LLC purchased a new position in shares of Melco Resorts & Entertainment during the fourth quarter valued at $145,000. Finally, Virtu Financial LLC acquired a new position in Melco Resorts & Entertainment during the fourth quarter valued at $167,000. 39.62% of the stock is owned by hedge funds and other institutional investors.

Melco Resorts & Entertainment Stock Up 2.0 %

NASDAQ MLCO opened at $4.84 on Friday. The company has a 50 day moving average price of $5.44 and a two-hundred day moving average price of $6.02. Melco Resorts & Entertainment Limited has a 12-month low of $4.55 and a 12-month high of $8.90. The stock has a market capitalization of $2.06 billion, a PE ratio of -21.98, a price-to-earnings-growth ratio of 0.63 and a beta of 0.87.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on MLCO shares. Morgan Stanley upgraded Melco Resorts & Entertainment from an "equal weight" rating to an "overweight" rating and dropped their target price for the company from $7.50 to $6.70 in a report on Monday, March 3rd. Susquehanna dropped their price objective on shares of Melco Resorts & Entertainment from $10.00 to $9.00 and set a "positive" rating on the stock in a research note on Monday, February 3rd. Finally, Citigroup raised shares of Melco Resorts & Entertainment from a "neutral" rating to a "buy" rating and set a $6.25 target price for the company in a research note on Thursday, April 10th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Melco Resorts & Entertainment has an average rating of "Moderate Buy" and a consensus price target of $7.29.

Melco Resorts & Entertainment Company Profile

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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