Campbell & CO Investment Adviser LLC Invests $589,000 in Melco Resorts & Entertainment Limited (NASDAQ:MLCO)

Campbell & CO Investment Adviser LLC purchased a new stake in Melco Resorts & Entertainment Limited (NASDAQ:MLCOFree Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 59,563 shares of the company’s stock, valued at approximately $589,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Meitav Investment House Ltd. purchased a new position in shares of Melco Resorts & Entertainment in the 2nd quarter valued at about $33,000. Focused Wealth Management Inc purchased a new position in shares of Melco Resorts & Entertainment in the 2nd quarter valued at about $41,000. Sunbelt Securities Inc. purchased a new position in shares of Melco Resorts & Entertainment in the 1st quarter valued at about $57,000. Penserra Capital Management LLC increased its stake in shares of Melco Resorts & Entertainment by 49.8% in the 4th quarter. Penserra Capital Management LLC now owns 5,754 shares of the company’s stock valued at $66,000 after purchasing an additional 1,914 shares in the last quarter. Finally, Commonwealth Equity Services LLC purchased a new position in shares of Melco Resorts & Entertainment in the 3rd quarter valued at about $70,000. Hedge funds and other institutional investors own 39.82% of the company’s stock.

Analyst Ratings Changes

MLCO has been the subject of several recent analyst reports. Susquehanna initiated coverage on Melco Resorts & Entertainment in a research note on Friday, December 15th. They issued a “positive” rating and a $15.00 price target for the company. Morgan Stanley reiterated an “equal weight” rating and issued a $9.60 price objective on shares of Melco Resorts & Entertainment in a report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $14.78.

Get Our Latest Report on MLCO

Melco Resorts & Entertainment Price Performance

Shares of Melco Resorts & Entertainment stock opened at $8.87 on Monday. The stock has a market cap of $3.95 billion, a P/E ratio of -10.56 and a beta of 1.14. The stock’s 50 day simple moving average is $8.36 and its 200-day simple moving average is $9.17. Melco Resorts & Entertainment Limited has a 1-year low of $6.80 and a 1-year high of $14.45.

About Melco Resorts & Entertainment

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

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