Shell Asset Management Co. increased its position in shares of Melco Resorts & Entertainment Ltd (NASDAQ:MPEL) by 25.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,223 shares of the company’s stock after buying an additional 8,081 shares during the period. Shell Asset Management Co.’s holdings in Melco Resorts & Entertainment were worth $903,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC increased its stake in shares of Melco Resorts & Entertainment by 576.0% in the second quarter. Acadian Asset Management LLC now owns 2,607,354 shares of the company’s stock valued at $58,534,000 after buying an additional 2,221,656 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Melco Resorts & Entertainment by 297.4% in the second quarter. Russell Investments Group Ltd. now owns 2,278,441 shares of the company’s stock valued at $51,154,000 after buying an additional 1,705,160 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its stake in shares of Melco Resorts & Entertainment by 23.7% in the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 162,000 shares of the company’s stock valued at $3,593,000 after buying an additional 31,000 shares during the last quarter. Creative Planning increased its stake in shares of Melco Resorts & Entertainment by 10.9% in the first quarter. Creative Planning now owns 79,408 shares of the company’s stock valued at $1,472,000 after buying an additional 7,808 shares during the last quarter. Finally, Macquarie Group Ltd. increased its stake in shares of Melco Resorts & Entertainment by 323.9% in the fourth quarter. Macquarie Group Ltd. now owns 40,230 shares of the company’s stock valued at $640,000 after buying an additional 30,740 shares during the last quarter.

Shares of Melco Resorts & Entertainment Ltd (MPEL) opened at 18.97 on Thursday. The firm’s 50-day moving average price is $17.55 and its 200 day moving average price is $17.10. Melco Resorts & Entertainment Ltd has a 52 week low of $11.91 and a 52 week high of $20.00.

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Separately, Wells Fargo & Company reaffirmed a “neutral” rating on shares of Melco Resorts & Entertainment in a research note on Tuesday, July 4th.

About Melco Resorts & Entertainment

Melco Resorts & Entertainment Limited, formerly 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. It 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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Institutional Ownership by Quarter for Melco Resorts & Entertainment (NASDAQ:MPEL)

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