Investors bought shares of Melco Crown Entertainment Ltd. (NASDAQ:MPEL) on weakness during trading on Friday. $11.56 million flowed into the stock on the tick-up and $7.13 million flowed out of the stock on the tick-down, for a money net flow of $4.43 million into the stock. Of all equities tracked, Melco Crown Entertainment had the 10th highest net in-flow for the day. Melco Crown Entertainment traded down ($0.14) for the day and closed at $11.95

MPEL has been the topic of a number of recent analyst reports. Sterne Agee CRT restated a “buy” rating and set a $20.00 price target (down previously from $22.50) on shares of Melco Crown Entertainment in a research note on Monday, April 18th. Wells Fargo & Co. restated a “market perform” rating on shares of Melco Crown Entertainment in a research note on Friday, March 11th. Goldman Sachs Group Inc. restated a “neutral” rating on shares of Melco Crown Entertainment in a research note on Monday, May 9th. Credit Suisse Group AG restated a “neutral” rating on shares of Melco Crown Entertainment in a research note on Thursday, May 19th. Finally, Deutsche Bank AG restated a “hold” rating on shares of Melco Crown Entertainment in a research note on Friday, April 1st. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.18.

The company has a market cap of $6.45 billion and a price-to-earnings ratio of 76.60. The stock’s 50-day moving average is $13.58 and its 200-day moving average is $14.93.

Melco Crown Entertainment (NASDAQ:MPEL) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07. The firm earned $1.10 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the firm posted $0.11 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, analysts predict that Melco Crown Entertainment Ltd. will post $0.36 EPS for the current year.

A number of institutional investors have recently made changes to their positions in MPEL. Covey Capital Advisors LLC boosted its position in shares of Melco Crown Entertainment by 4.6% in the fourth quarter. Covey Capital Advisors LLC now owns 439,211 shares of the company’s stock valued at $7,379,000 after buying an additional 19,410 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of Melco Crown Entertainment by 87.4% in the fourth quarter. Schroder Investment Management Group now owns 1,685,606 shares of the company’s stock valued at $28,318,000 after buying an additional 786,106 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Melco Crown Entertainment by 0.9% in the fourth quarter. Bank of Montreal Can now owns 106,721 shares of the company’s stock valued at $1,793,000 after buying an additional 989 shares in the last quarter. Harris Associates L P boosted its position in shares of Melco Crown Entertainment by 8.5% in the fourth quarter. Harris Associates L P now owns 38,463,781 shares of the company’s stock valued at $646,192,000 after buying an additional 3,027,754 shares in the last quarter. Finally, Mizuho Trust & Banking Co. Ltd. purchased a new position in shares of Melco Crown Entertainment during the fourth quarter valued at about $2,453,000.

Melco Crown Entertainment Limited is a developer, owner and operator of casino gaming and entertainment resort facilities. The Company is principally engaged in the gaming and hospitality business in Asia and its principal operating and developmental activities occur in two geographic areas: Macau and the Philippines.

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