Insider Buying: Studio City Ih (NYSE:MSC) Director Purchases $17,794.56 in Stock

Studio City Ih (NYSE:MSC) Director Lawrence Yau Lung Ho purchased 63,552 shares of the company’s stock in a transaction dated Friday, November 6th. The stock was purchased at an average price of $0.28 per share, for a total transaction of $17,794.56. Following the transaction, the director directly owned 463,464,152 shares in the company, valued at approximately $129,769,962.56. This trade represents a 0.01% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Lawrence Yau Lung Ho also recently made the following trade(s):

• On Thursday, November 5th, Lawrence Yau Lung Ho acquired 8,696 shares of Studio City Ih stock. The stock was purchased at an average cost of $0.26 per share, for a total transaction of $2,260.96.
• On Wednesday, September 23rd, Lawrence Yau Lung Ho acquired 1,043,600 shares of Studio City Ih stock. The shares were purchased at an average price of $0.20 per share, with a total value of $208,720.00.

Studio City Ih Price Performance

Shares of NYSE MSC opened at $0.97 on Monday. Studio City Ih has a twelve month low of $0.75 and a twelve month high of $4.19. The firm has a fifty day simple moving average of $1.11 and a 200 day simple moving average of $2.11. The company has a market capitalization of $203.77 million, a PE ratio of -3.87 and a beta of 0.15. The company has a quick ratio of 0.75, a current ratio of 0.81 and a debt-to-equity ratio of 3.79.

Studio City Ih (NYSE:MSC) last released its earnings results on Thursday, November 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.21. The business had revenue of $163.30 million for the quarter, compared to analyst estimates of $170.68 million. Studio City Ih had a negative net margin of 7.19% and a negative return on equity of 8.62%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Studio City Ih in a research report on Friday, September 25th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has an average rating of “Sell”.

About Studio City Ih

Studio City International Holdings Limited develops and operates Studio City, an integrated resort located in Cotai, Macau. The property combines casino gaming with hospitality, entertainment, dining, retail and leisure attractions, serving visitors to Macau’s tourism and gaming market.

Studio City’s offerings include hotel accommodations, gaming facilities, restaurants, shops, event and entertainment venues, and family-oriented attractions. The resort was developed in phases, with the initial property opening in 2015 and additional hotel, entertainment, retail and leisure facilities added through its subsequent expansion.

Studio City International Holdings is majority-owned by Melco Resorts & Entertainment Limited and focuses primarily on the operation and continued development of its Macau integrated resort.