92,418 Shares in Melco Resorts & Entertainment Limited (NASDAQ:MLCO) Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans acquired a new stake in Melco Resorts & Entertainment Limited (NASDAQ:MLCO - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 92,418 shares of the company's stock, valued at approximately $720,000.

Other institutional investors have also recently bought and sold shares of the company. California State Teachers Retirement System lifted its holdings in shares of Melco Resorts & Entertainment by 10.1% during the 1st quarter. California State Teachers Retirement System now owns 239,056 shares of the company's stock worth $1,724,000 after acquiring an additional 21,945 shares during the period. Virtu Financial LLC bought a new stake in shares of Melco Resorts & Entertainment during the 1st quarter worth approximately $172,000. Cetera Advisors LLC bought a new stake in shares of Melco Resorts & Entertainment during the 1st quarter worth approximately $196,000. Simplicity Wealth LLC lifted its holdings in shares of Melco Resorts & Entertainment by 6.1% during the 2nd quarter. Simplicity Wealth LLC now owns 281,247 shares of the company's stock worth $2,098,000 after acquiring an additional 16,258 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of Melco Resorts & Entertainment by 179.8% during the 2nd quarter. SG Americas Securities LLC now owns 154,480 shares of the company's stock worth $1,152,000 after acquiring an additional 99,276 shares during the period. Institutional investors own 39.62% of the company's stock.

Analysts Set New Price Targets

Separately, Bank of America cut their price target on shares of Melco Resorts & Entertainment from $8.50 to $7.50 and set a "buy" rating for the company in a report on Monday, August 12th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Melco Resorts & Entertainment presently has a consensus rating of "Moderate Buy" and a consensus price target of $9.82.

Melco Resorts & Entertainment Price Performance

MLCO stock traded up $0.07 during trading on Wednesday, reaching $6.55. 1,861,505 shares of the company were exchanged, compared to its average volume of 3,354,018. The company has a 50-day moving average of $6.93 and a two-hundred day moving average of $6.67. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of -29.45, a P/E/G ratio of 0.95 and a beta of 1.05. Melco Resorts & Entertainment Limited has a twelve month low of $4.78 and a twelve month high of $9.56.

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.