TCW Group Inc. Acquires Shares of 164,700 Melco Crown Entertainment Limited (MPEL)

TCW Group Inc. acquired a new stake in shares of Melco Crown Entertainment Limited (NASDAQ:MPEL) during the fourth quarter, Holdings Channel reports. The fund acquired 164,700 shares of the company’s stock, valued at approximately $2,618,000.

Several other hedge funds also recently made changes to their positions in the stock. GRATRY & Co LLC purchased a new position in Melco Crown Entertainment Limited during the third quarter worth $179,000. Sumitomo Mitsui Asset Management Company LTD purchased a new position in Melco Crown Entertainment Limited during the second quarter worth $181,000. Delta Lloyd NV purchased a new position in Melco Crown Entertainment Limited during the third quarter worth $263,000. Harbor Advisors LLC purchased a new position in Melco Crown Entertainment Limited during the fourth quarter worth $278,000. Finally, Nomura Asset Management Co. Ltd. raised its position in Melco Crown Entertainment Limited by 8.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 23,700 shares of the company’s stock worth $382,000 after buying an additional 1,900 shares in the last quarter. Hedge funds and other institutional investors own 32.19% of the company’s stock.

Institutional Ownership by Quarter for Melco Crown Entertainment Limited (NASDAQ:MPEL)

Melco Crown Entertainment Limited (NASDAQ:MPEL) traded up 1.2065% during mid-day trading on Wednesday, hitting $17.7415. 2,111,665 shares of the stock were exchanged. Melco Crown Entertainment Limited has a 12-month low of $11.91 and a 12-month high of $20.00. The stock has a market capitalization of $8.65 billion, a P/E ratio of 77.1370 and a beta of 2.11. The firm has a 50-day moving average price of $16.73 and a 200-day moving average price of $16.29.

The business also recently announced a special dividend, which was paid on Friday, February 10th. Stockholders of record on Monday, January 23rd were given a dividend of $1.3212 per share. This is a positive change from Melco Crown Entertainment Limited’s previous special dividend of $0.02. This represents a dividend yield of 0.84%. The ex-dividend date was Thursday, January 19th. Melco Crown Entertainment Limited’s payout ratio is presently 25.00%.

“TCW Group Inc. Acquires Shares of 164,700 Melco Crown Entertainment Limited (MPEL)” was originally posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this report on another publication, it was stolen and reposted in violation of United States & international trademark and copyright law. The original version of this report can be viewed at https://www.tickerreport.com/banking-finance/2397980/tcw-group-inc-acquires-shares-of-164700-melco-crown-entertainment-limited-mpel.html.

MPEL has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Melco Crown Entertainment Limited from a “hold” rating to a “strong-buy” rating and set a $18.00 target price for the company in a report on Wednesday, January 11th. Wells Fargo & Company reiterated a “market perform” rating on shares of Melco Crown Entertainment Limited in a research note on Wednesday, January 25th. Bank of America Corporation upgraded shares of Melco Crown Entertainment Limited from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $19.50 to $22.30 in a research note on Monday, January 9th. Morgan Stanley upgraded shares of Melco Crown Entertainment Limited from an “equal weight” rating to an “overweight” rating and set a $19.00 price objective for the company in a research note on Monday. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Melco Crown Entertainment Limited in a research report on Thursday, January 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $17.53.

About Melco Crown Entertainment Limited

Melco Crown Entertainment Limited is a holding company. The Company, through its subsidiaries, develops, owns and operates casino gaming and entertainment casino resort facilities in Asia. The Company is principally engaged in the gaming and hospitality business in Asia and its principal operating and developmental activities occur in over two geographic areas, which include Macau and the Philippines.

5 Day Chart for NASDAQ:MPEL

Want to see what other hedge funds are holding MPEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Melco Crown Entertainment Limited (NASDAQ:MPEL).

Receive News & Ratings for Melco Crown Entertainment Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Melco Crown Entertainment Limited and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Pharmaceuticals Shunning Push by Trump for FDA Shift
Pharmaceuticals Shunning Push by Trump for FDA Shift
Top Official in Italy Says Facebook Must Act on Hate Speech
Top Official in Italy Says Facebook Must Act on Hate Speech
Reckitt Benckiser Paying $16.6 Billion for Mead Johnson
Reckitt Benckiser Paying $16.6 Billion for Mead Johnson
Yum China Beats Expectations in First Earnings Report
Yum China Beats Expectations in First Earnings Report
U.S. Company Leading Race to Buy Airbag Maker Takata
U.S. Company Leading Race to Buy Airbag Maker Takata
U.S. Adds 227,000 New Jobs During January
U.S. Adds 227,000 New Jobs During January


Leave a Reply

© 2006-2017 Ticker Report. Google+.