UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Melco Resorts & Entertainment Limited (NASDAQ:MLCO - Free Report) by 88.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 380,372 shares of the company's stock after purchasing an additional 178,993 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.09% of Melco Resorts & Entertainment worth $2,963,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of MLCO. Eminence Capital LP raised its position in Melco Resorts & Entertainment by 14.0% in the second quarter. Eminence Capital LP now owns 17,502,002 shares of the company's stock valued at $130,565,000 after purchasing an additional 2,154,509 shares during the period. Coronation Fund Managers Ltd. raised its holdings in shares of Melco Resorts & Entertainment by 15.0% during the 3rd quarter. Coronation Fund Managers Ltd. now owns 13,072,483 shares of the company's stock valued at $101,835,000 after buying an additional 1,705,872 shares during the period. Point72 Asset Management L.P. acquired a new position in Melco Resorts & Entertainment during the 2nd quarter worth approximately $2,914,000. Sei Investments Co. boosted its holdings in Melco Resorts & Entertainment by 173.2% in the 2nd quarter. Sei Investments Co. now owns 602,058 shares of the company's stock worth $4,491,000 after acquiring an additional 381,653 shares during the period. Finally, Solel Partners LP grew its position in Melco Resorts & Entertainment by 34.2% in the second quarter. Solel Partners LP now owns 1,328,000 shares of the company's stock valued at $9,907,000 after acquiring an additional 338,700 shares in the last quarter. Institutional investors and hedge funds own 39.62% of the company's stock.
Melco Resorts & Entertainment Stock Down 2.2 %
Shares of MLCO traded down $0.15 during mid-day trading on Friday, reaching $6.76. 2,514,427 shares of the stock traded hands, compared to its average volume of 3,371,496. The stock has a fifty day simple moving average of $6.77 and a 200 day simple moving average of $6.60. Melco Resorts & Entertainment Limited has a 12-month low of $4.78 and a 12-month high of $9.56. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of -30.73, a P/E/G ratio of 1.01 and a beta of 1.05.
Melco Resorts & Entertainment Profile
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Free Report)
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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