10,353 Shares in Melco Resorts & Entertainment Limited (NASDAQ:MLCO) Purchased by Greenleaf Trust

Greenleaf Trust acquired a new position in Melco Resorts & Entertainment Limited (NASDAQ:MLCO) in the fourth quarter, Holdings Channel reports. The fund acquired 10,353 shares of the company’s stock, valued at approximately $92,000.

A number of other institutional investors have also added to or reduced their stakes in MLCO. Simplicity Solutions LLC grew its position in Melco Resorts & Entertainment by 4.1% in the 3rd quarter. Simplicity Solutions LLC now owns 266,525 shares of the company’s stock worth $2,636,000 after purchasing an additional 10,517 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Melco Resorts & Entertainment by 12.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 47,102 shares of the company’s stock worth $466,000 after purchasing an additional 5,200 shares in the last quarter. WESPAC Advisors LLC grew its position in Melco Resorts & Entertainment by 7.4% in the 3rd quarter. WESPAC Advisors LLC now owns 31,994 shares of the company’s stock worth $316,000 after purchasing an additional 2,193 shares in the last quarter. Matthews International Capital Management LLC grew its position in Melco Resorts & Entertainment by 247.0% in the 3rd quarter. Matthews International Capital Management LLC now owns 1,194,039 shares of the company’s stock worth $11,809,000 after purchasing an additional 849,949 shares in the last quarter. Finally, Panagora Asset Management Inc. bought a new stake in Melco Resorts & Entertainment in the 3rd quarter worth about $269,000. 39.62% of the stock is owned by institutional investors.

Melco Resorts & Entertainment Stock Up 0.6 %

MLCO opened at $6.31 on Friday. The company has a 50 day moving average of $7.32 and a 200 day moving average of $7.90. Melco Resorts & Entertainment Limited has a 12 month low of $6.10 and a 12 month high of $14.00.

Melco Resorts & Entertainment (NASDAQ:MLCO) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.03 by $0.10. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.14 billion. The firm’s quarterly revenue was up 224.4% on a year-over-year basis. During the same period last year, the business posted ($0.51) earnings per share. As a group, equities analysts forecast that Melco Resorts & Entertainment Limited will post 0.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MLCO has been the subject of a number of research reports. Morgan Stanley reissued an “equal weight” rating and set a $9.60 target price on shares of Melco Resorts & Entertainment in a research report on Tuesday, January 2nd. StockNews.com raised shares of Melco Resorts & Entertainment from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $14.78.

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.