Traders 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

Several brokerages have weighed in on MPEL. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Melco Crown Entertainment in a research note on Wednesday, June 8th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $16.80 target price (up previously from $16.40) on shares of Melco Crown Entertainment in a research note on Wednesday, June 8th. HSBC downgraded Melco Crown Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday, April 20th. Morgan Stanley downgraded Melco Crown Entertainment from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $16.50 to $15.50 in a research note on Thursday, June 2nd. Finally, Wells Fargo & Co. reaffirmed a “hold” rating on shares of Melco Crown Entertainment in a research note on Saturday, June 4th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. Melco Crown Entertainment has an average rating of “Hold” and a consensus price target of $19.18.

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

Melco Crown Entertainment (NASDAQ:MPEL) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the company posted $0.11 EPS. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. Analysts forecast that Melco Crown Entertainment Ltd. will post $0.33 EPS for the current fiscal year.

Other hedge funds and institutional investors recently bought and sold shares of the company. Harris Associates L P increased its position in 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 worth $646,192,000 after buying an additional 3,027,754 shares during the period. Schroder Investment Management Group increased its position in 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 worth $28,318,000 after buying an additional 786,106 shares during the period. Flowering Tree Investment Management Pte. Ltd. increased its position in Melco Crown Entertainment by 15.0% in the fourth quarter. Flowering Tree Investment Management Pte. Ltd. now owns 3,818,439 shares of the company’s stock worth $64,150,000 after buying an additional 497,043 shares during the period. First Trust Advisors LP increased its position in Melco Crown Entertainment by 499.8% in the fourth quarter. First Trust Advisors LP now owns 557,292 shares of the company’s stock worth $9,363,000 after buying an additional 464,379 shares during the period. Finally, Swiss National Bank bought a new position in Melco Crown Entertainment during the fourth quarter worth $6,397,000.

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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