Melco Crown Entertainment Target of Unusually High Options Trading (MLCO)

Melco Crown Entertainment Limited (NASDAQ:MLCO) saw unusually large options trading activity on Tuesday. Stock traders bought 14,660 call options on the stock. This is an increase of 1,359% compared to the average daily volume of 1,005 call options.

Several research analysts have commented on the stock. Daiwa Capital Markets raised shares of Melco Crown Entertainment from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Thursday, November 30th. TheStreet raised shares of Melco Crown Entertainment from a “c+” rating to a “b” rating in a report on Tuesday, November 21st. Zacks Investment Research downgraded shares of Melco Crown Entertainment from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. Macquarie cut their price target on shares of Melco Crown Entertainment from $26.00 to $25.80 and set an “outperform” rating for the company in a report on Friday, August 18th. Finally, Roth Capital assumed coverage on shares of Melco Crown Entertainment in a report on Wednesday, November 1st. They issued a “buy” rating and a $34.00 price target for the company. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Melco Crown Entertainment has an average rating of “Buy” and a consensus target price of $25.34.

Melco Crown Entertainment (MLCO) opened at $25.86 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.14. Melco Crown Entertainment has a fifty-two week low of $14.89 and a fifty-two week high of $27.47. The company has a market cap of $12,579.80, a price-to-earnings ratio of 30.44, a price-to-earnings-growth ratio of 0.98 and a beta of 1.92.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Tuesday, November 14th were issued a dividend of $0.09 per share. This is an increase from Melco Crown Entertainment’s previous quarterly dividend of $0.03. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Monday, November 13th. Melco Crown Entertainment’s payout ratio is currently 56.45%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sterling Capital Management LLC bought a new stake in shares of Melco Crown Entertainment during the 3rd quarter worth $515,000. Neuberger Berman Group LLC bought a new stake in shares of Melco Crown Entertainment during the 3rd quarter worth $1,327,000. California Public Employees Retirement System bought a new stake in shares of Melco Crown Entertainment during the 3rd quarter worth $22,357,000. Ladenburg Thalmann Financial Services Inc. bought a new stake in shares of Melco Crown Entertainment during the 3rd quarter worth $173,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Melco Crown Entertainment during the 3rd quarter worth $3,140,000. 41.45% of the stock is owned by institutional investors.

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About Melco Crown Entertainment

Melco Resorts & Entertainment Limited, formerly 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. It 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.

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