Melco Resorts & Entertainment (MLCO) News Today

Melco Resorts & Entertainment (NASDAQ:MLCO) Sets New 1-Year Low at $5.72

Seven Eight Capital LP bought a new position in Melco Resorts & Entertainment Limited (NASDAQ:MLCO - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 182,944 shares of the company's stock, valued at approximately $1,319,000. Sev

Melco Resorts & Entertainment (NASDAQ:MLCO) Hits New 52-Week Low at $6.01

Bank of America dropped their target price on shares of Melco Resorts & Entertainment from $10.40 to $8.50 and set a "buy" rating on the stock in a research report on Thursday.

Melco Resorts & Entertainment (NASDAQ:MLCO) Stock Price Down 2.4%

Melco Resorts & Entertainment Limited (NASDAQ:MLCO - Get Free Report) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totalling 9,220,000 shares, a decline of 15.2% from the May 31st total of 10,870,000 shares. Based on an average daily trading volume, of 3,250,000 shares, the short-interest ratio is presently 2.8 days. Approximately 2.1% of the shares of the company are sold short.

Melco Resorts & Entertainment Limited (NASDAQ:MLCO - Free Report) - Equities researchers at Seaport Res Ptn issued their Q2 2024 EPS estimates for shares of Melco Resorts & Entertainment in a research report issued to clients and investors on Wednesday, June 26th. Seaport Res Ptn analyst V. Umans

Melco Resorts & Entertainment (NASDAQ:MLCO) Stock Price Down 3.5%

Melco Resorts & Entertainment Limited (NASDAQ:MLCO - Free Report) - Analysts at Seaport Res Ptn lifted their FY2024 earnings per share estimates for Melco Resorts & Entertainment in a report issued on Wednesday, June 26th. Seaport Res Ptn analyst V. Umansky now forecasts that the company will ear

ARGA Investment Management LP lifted its holdings in shares of Melco Resorts & Entertainment Limited (NASDAQ:MLCO - Free Report) by 6.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,336,228 shares of the company's stock after

Goldman Sachs Group Inc. lifted its stake in Melco Resorts & Entertainment Limited (NASDAQ:MLCO - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,715,440 shares of the company's stock after purchasing an additional

Melco Resorts & Entertainment (NASDAQ:MLCO) Trading Up 4.3%

Brigade Capital Management LP purchased a new position in shares of Melco Resorts & Entertainment Limited (NASDAQ:MLCO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,042,000 shares of the company's

Capital World Investors grew its holdings in shares of Melco Resorts & Entertainment Limited (NASDAQ:MLCO - Free Report) by 3.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,052,483 shares of the company's stock afte

Shares of Melco Resorts & Entertainment Limited (NASDAQ:MLCO - Get Free Report) have earned a consensus rating of "Buy" from the six brokerages that are covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average 12-month price target

Allianz Asset Management GmbH lessened its holdings in shares of Melco Resorts & Entertainment Limited (NASDAQ:MLCO - Free Report) by 15.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,079,572 shares of the company's stock after s

Janney Montgomery Scott LLC acquired a new position in shares of Melco Resorts & Entertainment Limited (NASDAQ:MLCO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 115,434 shares of t

Melco Resorts & Entertainment Limited (NASDAQ:MLCO - Get Free Report) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totalling 9,540,000 shares, a decline of 27.2% from the April 30th total of 13,110,000 shares. Approximately 2.2% of the company's shares are sold short. Based on an average daily trading volume, of 3,720,000 shares, the short-interest ratio is currently 2.6 days.

Melco Resorts & Entertainment (NASDAQ:MLCO) Shares Gap Up to $7.74

BNP Paribas Financial Markets lowered its stake in shares of Melco Resorts & Entertainment Limited (NASDAQ:MLCO - Free Report) by 60.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 187,380 shares of

Simplicity Wealth LLC bought a new stake in Melco Resorts & Entertainment Limited (NASDAQ:MLCO - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 264,989 shares of the company's stock, valued at approximately

ARGA Investment Management LP lifted its stake in Melco Resorts & Entertainment Limited (NASDAQ:MLCO - Free Report) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,640,786 shares of the company's stock after

AGF Management Ltd. cut its holdings in Melco Resorts & Entertainment Limited (NASDAQ:MLCO - Free Report) by 15.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 978,562 shares of the company's stock after selling 172

National Bank of Canada FI raised its position in shares of Melco Resorts & Entertainment Limited (NASDAQ:MLCO - Free Report) by 50,917.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 761,693 shares of the comp

Melco Resorts & Entertainment (NASDAQ:MLCO) Shares Gap Up to $7.24

Morgan Stanley upgraded Melco Resorts & Entertainment from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $8.30 to $9.60 in a report on Monday.

Melco Resorts & Entertainment (NASDAQ:MLCO) Trading Up 8.8% After Analyst Upgrade

Citigroup boosted their price target on shares of Melco Resorts & Entertainment from $13.75 to $14.00 and gave the stock a "buy" rating in a report on Wednesday.

Melco Resorts & Entertainment (NASDAQ:MLCO - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.02. The business had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter last year, the firm earned ($0.14) earnings per share. The firm's quarterly revenue was up 55.2% compared to the same quarter last year.

Melco Resorts & Entertainment (NASDAQ:MLCO) Sees Unusually-High Trading Volume