Y Intercept Hong Kong Ltd Invests $492,000 in Melco Resorts & Entertainment Limited (NASDAQ:MLCO)

Y Intercept Hong Kong Ltd purchased a new stake in shares of Melco Resorts & Entertainment Limited (NASDAQ:MLCO) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 63,168 shares of the company’s stock, valued at approximately $492,000.

Other institutional investors have also added to or reduced their stakes in the company. Eminence Capital LP raised its holdings in shares of Melco Resorts & Entertainment by 14.0% during the 2nd quarter. Eminence Capital LP now owns 17,502,002 shares of the company’s stock worth $130,565,000 after acquiring an additional 2,154,509 shares in the last quarter. Coronation Fund Managers Ltd. increased its position in Melco Resorts & Entertainment by 15.0% in the third quarter. Coronation Fund Managers Ltd. now owns 13,072,483 shares of the company’s stock worth $101,835,000 after purchasing an additional 1,705,872 shares during the last quarter. Solel Partners LP raised its stake in Melco Resorts & Entertainment by 34.2% during the second quarter. Solel Partners LP now owns 1,328,000 shares of the company’s stock valued at $9,907,000 after purchasing an additional 338,700 shares in the last quarter. Marshall Wace LLP lifted its position in Melco Resorts & Entertainment by 22.8% during the second quarter. Marshall Wace LLP now owns 1,169,950 shares of the company’s stock valued at $8,728,000 after purchasing an additional 217,520 shares during the last quarter. Finally, Clearbridge Investments LLC grew its stake in shares of Melco Resorts & Entertainment by 3.9% in the 2nd quarter. Clearbridge Investments LLC now owns 668,801 shares of the company’s stock worth $4,989,000 after buying an additional 24,905 shares in the last quarter. Hedge funds and other institutional investors own 39.62% of the company’s stock.

Melco Resorts & Entertainment Stock Down 2.2 %

Melco Resorts & Entertainment stock opened at $6.76 on Monday. The company’s 50-day moving average price is $6.77 and its 200-day moving average price is $6.59. The company has a market cap of $2.84 billion, a PE ratio of -30.73, a price-to-earnings-growth ratio of 1.01 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.

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.