XTX Topco Ltd Purchases 64,624 Shares of Melco Resorts & Entertainment Limited (NASDAQ:MLCO)

XTX Topco Ltd grew its stake in shares of Melco Resorts & Entertainment Limited (NASDAQ:MLCO - Free Report) by 164.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,803 shares of the company's stock after purchasing an additional 64,624 shares during the quarter. XTX Topco Ltd's holdings in Melco Resorts & Entertainment were worth $547,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in MLCO. Eminence Capital LP grew its holdings in shares of Melco Resorts & Entertainment by 22.1% during the fourth quarter. Eminence Capital LP now owns 7,735,919 shares of the company's stock valued at $44,791,000 after purchasing an additional 1,402,619 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Melco Resorts & Entertainment by 206.5% in the 4th quarter. BNP Paribas Financial Markets now owns 2,009,189 shares of the company's stock worth $11,633,000 after buying an additional 1,353,617 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Melco Resorts & Entertainment by 1,240.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,342,132 shares of the company's stock worth $7,771,000 after buying an additional 1,241,986 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Melco Resorts & Entertainment by 92.2% in the 4th quarter. Renaissance Technologies LLC now owns 2,398,300 shares of the company's stock worth $13,886,000 after buying an additional 1,150,500 shares in the last quarter. Finally, Man Group plc bought a new position in Melco Resorts & Entertainment in the 4th quarter worth approximately $3,824,000. 39.62% of the stock is owned by institutional investors.

Melco Resorts & Entertainment Stock Down 0.7%

MLCO traded down $0.06 during midday trading on Friday, reaching $8.66. 1,578,746 shares of the company's stock were exchanged, compared to its average volume of 2,964,184. The firm has a market capitalization of $3.63 billion, a price-to-earnings ratio of 66.62 and a beta of 0.83. Melco Resorts & Entertainment Limited has a one year low of $4.55 and a one year high of $9.16. The business has a 50-day simple moving average of $7.79 and a two-hundred day simple moving average of $6.34.

Melco Resorts & Entertainment (NASDAQ:MLCO - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.14. Melco Resorts & Entertainment had a net margin of 1.15% and a negative return on equity of 18.47%. The company had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.20 billion. During the same quarter in the previous year, the company posted $0.05 earnings per share. Melco Resorts & Entertainment's quarterly revenue was up 14.5% compared to the same quarter last year. As a group, research analysts anticipate that Melco Resorts & Entertainment Limited will post 0.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wall Street Zen raised Melco Resorts & Entertainment from a "hold" rating to a "buy" rating in a report on Monday, July 7th. Susquehanna upped their target price on Melco Resorts & Entertainment from $8.00 to $10.00 and gave the stock a "positive" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. upgraded Melco Resorts & Entertainment from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $7.20 to $9.50 in a research report on Tuesday, July 1st. UBS Group downgraded Melco Resorts & Entertainment from a "buy" rating to a "sell" rating and set a $4.60 target price for the company. in a research report on Wednesday, April 30th. Finally, Bank of America increased their target price on Melco Resorts & Entertainment from $5.70 to $6.60 and gave the company a "neutral" rating in a report on Tuesday, May 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Melco Resorts & Entertainment currently has an average rating of "Moderate Buy" and an average target price of $8.15.

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.