Aviva PLC Decreases Holdings in Melco Resorts & Entertainment Limited (MLCO)

Share on StockTwits

Aviva PLC trimmed its holdings in shares of Melco Resorts & Entertainment Limited (NASDAQ:MLCO) by 11.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 123,749 shares of the company’s stock after selling 15,645 shares during the period. Aviva PLC’s holdings in Melco Resorts & Entertainment were worth $2,181,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Ayalon Holdings Ltd. purchased a new position in shares of Melco Resorts & Entertainment during the 4th quarter valued at approximately $58,000. Advisors Asset Management Inc. increased its holdings in shares of Melco Resorts & Entertainment by 60.6% during the 4th quarter. Advisors Asset Management Inc. now owns 5,941 shares of the company’s stock valued at $105,000 after purchasing an additional 2,242 shares in the last quarter. Almanack Investment Partners LLC. purchased a new position in shares of Melco Resorts & Entertainment during the 4th quarter valued at approximately $130,000. Private Trust Co. NA purchased a new position in shares of Melco Resorts & Entertainment during the 4th quarter valued at approximately $176,000. Finally, GAM Holding AG increased its holdings in shares of Melco Resorts & Entertainment by 18.2% during the 4th quarter. GAM Holding AG now owns 13,003 shares of the company’s stock valued at $229,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 33.01% of the company’s stock.

MLCO has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of Melco Resorts & Entertainment to $24.00 in a report on Wednesday, January 23rd. They noted that the move was a valuation call. TheStreet raised shares of Melco Resorts & Entertainment from a “c+” rating to a “b” rating in a report on Wednesday, February 20th. Zacks Investment Research raised shares of Melco Resorts & Entertainment from a “sell” rating to a “buy” rating and set a $22.00 target price for the company in a report on Thursday, January 10th. Deutsche Bank initiated coverage on shares of Melco Resorts & Entertainment in a report on Tuesday, December 11th. They set a “buy” rating and a $19.00 target price for the company. Finally, Citigroup set a $29.00 target price on shares of Melco Resorts & Entertainment and gave the company a “buy” rating in a report on Thursday, December 6th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $28.14.

Shares of NASDAQ MLCO opened at $22.38 on Friday. The firm has a market capitalization of $11.20 billion, a P/E ratio of 25.15, a P/E/G ratio of 1.27 and a beta of 1.62. The company has a quick ratio of 0.90, a current ratio of 0.92 and a debt-to-equity ratio of 1.43. Melco Resorts & Entertainment Limited has a one year low of $15.33 and a one year high of $32.95.

Melco Resorts & Entertainment (NASDAQ:MLCO) last issued its quarterly earnings results on Tuesday, February 19th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.37 billion. Melco Resorts & Entertainment had a net margin of 6.81% and a return on equity of 13.92%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.17 EPS. Equities research analysts expect that Melco Resorts & Entertainment Limited will post 0.96 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Monday, March 4th were issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend was Friday, March 1st. This is a positive change from Melco Resorts & Entertainment’s previous quarterly dividend of $0.15. Melco Resorts & Entertainment’s payout ratio is presently 68.54%.

ILLEGAL ACTIVITY WARNING: “Aviva PLC Decreases Holdings in Melco Resorts & Entertainment Limited (MLCO)” was first published by Ticker Report and is the sole property of of Ticker Report. If you are viewing this story on another publication, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be viewed at https://www.tickerreport.com/banking-finance/4222393/aviva-plc-decreases-holdings-in-melco-resorts-entertainment-limited-mlco.html.

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.

See Also: What are retained earnings?

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

Institutional Ownership by Quarter for Melco Resorts & Entertainment (NASDAQ:MLCO)

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



Latest News

Head to Head Analysis: Key Energy Services  vs. RPC
Head to Head Analysis: Key Energy Services vs. RPC
Colu Local Network  Price Up 4.3% This Week
Colu Local Network Price Up 4.3% This Week
Gladstone Capital Co.  Expected to Announce Earnings of $0.21 Per Share
Gladstone Capital Co. Expected to Announce Earnings of $0.21 Per Share
Bitcoin Gold Reaches Market Capitalization of $392.92 Million
Bitcoin Gold Reaches Market Capitalization of $392.92 Million
Quanta Services Inc  Receives $42.80 Average PT from Brokerages
Quanta Services Inc Receives $42.80 Average PT from Brokerages
PHI Token  Price Hits $0.15 on Major Exchanges
PHI Token Price Hits $0.15 on Major Exchanges


© 2006-2019 Ticker Report