RBF Capital LLC Cuts Holdings in Melco Resorts & Entertainment Limited $MLCO

RBF Capital LLC decreased its stake in shares of Melco Resorts & Entertainment Limited (NASDAQ:MLCO) by 10.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 850,000 shares of the company’s stock after selling 100,000 shares during the quarter. RBF Capital LLC’s holdings in Melco Resorts & Entertainment were worth $6,434,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of MLCO. Kestra Advisory Services LLC purchased a new stake in Melco Resorts & Entertainment during the 4th quarter worth about $48,000. Hilton Head Capital Partners LLC purchased a new stake in Melco Resorts & Entertainment during the 4th quarter worth about $63,000. Quarry LP purchased a new stake in Melco Resorts & Entertainment during the 3rd quarter worth about $68,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Melco Resorts & Entertainment in the 2nd quarter valued at about $71,000. Finally, WINTON GROUP Ltd purchased a new position in shares of Melco Resorts & Entertainment in the 4th quarter valued at about $89,000. Hedge funds and other institutional investors own 39.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MLCO. CICC Research upgraded Melco Resorts & Entertainment to an “outperform” rating in a report on Sunday, April 19th. CLSA downgraded Melco Resorts & Entertainment from an “outperform” rating to a “hold” rating and set a $6.10 price objective on the stock. in a report on Friday, June 5th. Finally, Wall Street Zen downgraded Melco Resorts & Entertainment from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Melco Resorts & Entertainment currently has an average rating of “Moderate Buy” and a consensus target price of $8.96.

Melco Resorts & Entertainment Stock Down 0.4%

Shares of NASDAQ MLCO opened at $5.42 on Wednesday. The stock has a market cap of $2.10 billion, a PE ratio of 9.34, a price-to-earnings-growth ratio of 3.01 and a beta of 0.58. Melco Resorts & Entertainment Limited has a 52-week low of $5.18 and a 52-week high of $10.15. The business has a 50-day moving average price of $5.62 and a 200 day moving average price of $6.30.

About Melco Resorts & Entertainment

Melco Resorts & Entertainment Limited (NASDAQ: MLCO) is a developer, owner and operator of integrated resort destinations in Asia and Europe. The company’s portfolio spans casino gaming, hotel accommodations, retail, dining and entertainment facilities. Melco’s properties feature a mix of luxury hotels, award-winning restaurants, high-limit gaming salons and entertainment venues, catering to a broad range of leisure and business travelers.

In Macau, Melco owns and operates flagship properties including City of Dreams Macau, Altira Macau and Studio City.