Melco Resorts & Entertainment Limited (NASDAQ:MLCO) Shares Sold by Jump Financial LLC

Jump Financial LLC lowered its position in shares of Melco Resorts & Entertainment Limited (NASDAQ:MLCO - Free Report) by 33.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 279,490 shares of the company's stock after selling 141,850 shares during the period. Jump Financial LLC owned approximately 0.07% of Melco Resorts & Entertainment worth $1,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in MLCO. GAMMA Investing LLC raised its position in Melco Resorts & Entertainment by 140.7% in the fourth quarter. GAMMA Investing LLC now owns 7,533 shares of the company's stock valued at $44,000 after purchasing an additional 4,403 shares during the period. Patriot Financial Group Insurance Agency LLC purchased a new position in Melco Resorts & Entertainment in the fourth quarter worth approximately $58,000. Empirical Asset Management LLC acquired a new position in Melco Resorts & Entertainment during the 4th quarter worth approximately $73,000. Wealthspire Advisors LLC purchased a new stake in shares of Melco Resorts & Entertainment in the 4th quarter valued at approximately $145,000. Finally, Virtu Financial LLC acquired a new stake in shares of Melco Resorts & Entertainment in the 4th quarter valued at $167,000. Hedge funds and other institutional investors own 39.62% of the company's stock.

Melco Resorts & Entertainment Stock Up 0.3 %

MLCO traded up $0.02 on Friday, reaching $5.12. The company had a trading volume of 1,429,902 shares, compared to its average volume of 3,814,467. The stock has a 50-day moving average price of $5.36 and a 200-day moving average price of $5.95. The stock has a market capitalization of $2.18 billion, a PE ratio of -23.20, a P/E/G ratio of 0.63 and a beta of 0.87. Melco Resorts & Entertainment Limited has a 1 year low of $4.55 and a 1 year high of $8.90.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Susquehanna dropped their target price on Melco Resorts & Entertainment from $10.00 to $9.00 and set a "positive" rating on the stock in a report on Monday, February 3rd. Morgan Stanley upgraded Melco Resorts & Entertainment from an "equal weight" rating to an "overweight" rating and dropped their price objective for the company from $7.50 to $6.70 in a report on Monday, March 3rd. Finally, Citigroup upgraded Melco Resorts & Entertainment from a "neutral" rating to a "buy" rating and set a $6.25 target price for the company in a research note on Thursday, April 10th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $7.29.

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.