Melco Crown Entertainment Ltd. (NASDAQ:MPEL)’s share price was down 1.6% on Friday . The stock traded as low as $13.71 and last traded at $14.00, with a volume of 1,945,412 shares trading hands. The stock had previously closed at $14.23.

Several equities analysts have recently weighed in on MPEL shares. Sterne Agee CRT reaffirmed a “buy” rating and set a $20.00 target price (down from $22.50) on shares of Melco Crown Entertainment in a report on Monday, April 18th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating on shares of Melco Crown Entertainment in a report on Monday, May 9th. Credit Suisse Group AG reissued a “neutral” rating on shares of Melco Crown Entertainment in a research note on Thursday, May 19th. Deutsche Bank AG reissued a “hold” rating on shares of Melco Crown Entertainment in a research note on Friday, April 1st. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Melco Crown Entertainment in a research note on Thursday, May 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $18.78.

The company has a 50-day moving average of $13.03 and a 200-day moving average of $14.59. The company has a market cap of $7.53 billion and a price-to-earnings ratio of 89.49.

Melco Crown Entertainment (NASDAQ:MPEL) last released its quarterly earnings results on Wednesday, May 4th. The company reported $0.07 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.07. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Melco Crown Entertainment’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 EPS. Equities research analysts expect that Melco Crown Entertainment Ltd. will post $0.33 earnings per share for the current year.

Several large investors recently added to or reduced their stakes in the company. Schroder Investment Management Group boosted its stake 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 valued at $28,318,000 after buying an additional 786,106 shares during the period. Covey Capital Advisors LLC boosted its position in 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 during the last quarter. Nationwide Fund Advisors boosted its position in Melco Crown Entertainment by 17.8% in the fourth quarter. Nationwide Fund Advisors now owns 206,581 shares of the company’s stock valued at $3,471,000 after buying an additional 31,281 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. acquired a new position in Melco Crown Entertainment during the fourth quarter valued at about $2,453,000. Finally, Bank of Montreal Can boosted its position in 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 during the last quarter.

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.

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