Melco Crown Entertainment Ltd. (NASDAQ:MPEL) shares dropped 2.8% during trading on Monday . The company traded as low as $15.24 and last traded at $15.35, with a volume of 2,048,747 shares traded. The stock had previously closed at $15.79.

MPEL has been the topic of a number of recent research reports. HSBC raised shares of Melco Crown Entertainment from a “hold” rating to a “buy” rating in a research report on Tuesday, July 19th. Zacks Investment Research raised shares of Melco Crown Entertainment from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Tuesday, July 19th. Deutsche Bank AG raised shares of Melco Crown Entertainment from a “hold” rating to a “buy” rating and upped their price target for the company from $14.00 to $17.00 in a report on Friday, September 9th. Morgan Stanley cut shares of Melco Crown Entertainment from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $16.50 to $15.50 in a report on Thursday, June 2nd. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and issued a $13.40 price target on shares of Melco Crown Entertainment in a report on Thursday, July 7th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. Melco Crown Entertainment has an average rating of “Hold” and a consensus target price of $17.76.

The company has a market capitalization of $7.89 billion, a PE ratio of 90.35 and a beta of 2.71. The stock’s 50-day moving average price is $14.40 and its 200 day moving average price is $14.52.

Melco Crown Entertainment (NASDAQ:MPEL) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. Melco Crown Entertainment had a return on equity of 3.79% and a net margin of 2.12%. The company earned $1.07 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the business earned $0.05 earnings per share. Melco Crown Entertainment’s revenue for the quarter was up 16.7% compared to the same quarter last year. Equities research analysts forecast that Melco Crown Entertainment Ltd. will post $0.30 earnings per share for the current fiscal year.

The firm also recently disclosed a dividend, which was paid on Wednesday, September 7th. Stockholders of record on Tuesday, August 16th were given a $0.019 dividend. The ex-dividend date of this dividend was Friday, August 12th. Melco Crown Entertainment’s dividend payout ratio is 23.53%.

Several large investors have recently bought and sold shares of the stock. Aviva PLC boosted its stake in Melco Crown Entertainment by 0.4% in the first quarter. Aviva PLC now owns 45,400 shares of the company’s stock valued at $750,000 after buying an additional 200 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in Melco Crown Entertainment by 6.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,670 shares of the company’s stock valued at $127,000 after buying an additional 448 shares in the last quarter. Hanson & Doremus Investment Management boosted its stake in Melco Crown Entertainment by 1.4% in the second quarter. Hanson & Doremus Investment Management now owns 45,545 shares of the company’s stock valued at $573,000 after buying an additional 645 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Melco Crown Entertainment by 16.0% in the second quarter. Daiwa Securities Group Inc. now owns 8,700 shares of the company’s stock valued at $109,000 after buying an additional 1,200 shares during the period. Finally, Mckinley Capital Management LLC Delaware boosted its position in shares of Melco Crown Entertainment by 3.8% in the second quarter. Mckinley Capital Management LLC Delaware now owns 70,698 shares of the company’s stock valued at $889,000 after buying an additional 2,569 shares during the period. 27.77% of the stock is owned by institutional investors.

Melco Crown Entertainment Company Profile

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.

5 Day Chart for NASDAQ:MPEL

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