Capital Fund Management S.A. bought a new stake in shares of Melco Resorts & Entertainment Ltd (NASDAQ:MPEL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 161,219 shares of the company’s stock, valued at approximately $3,619,000.

A number of other large investors have also made changes to their positions in MPEL. Acadian Asset Management LLC increased its position in Melco Resorts & Entertainment by 576.0% during the 2nd 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 in the last quarter. Russell Investments Group Ltd. increased its position in Melco Resorts & Entertainment by 297.4% during the 2nd 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 in the last quarter. JPMorgan Chase & Co. increased its position in Melco Resorts & Entertainment by 117.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,658,615 shares of the company’s stock valued at $37,235,000 after buying an additional 895,922 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Melco Resorts & Entertainment during the 2nd quarter valued at about $16,388,000. Finally, LMR Partners LLP increased its position in Melco Resorts & Entertainment by 337.7% during the 2nd quarter. LMR Partners LLP now owns 659,500 shares of the company’s stock valued at $14,805,000 after buying an additional 508,812 shares in the last quarter.

Melco Resorts & Entertainment Ltd (NASDAQ:MPEL) opened at 18.9700 on Wednesday. Melco Resorts & Entertainment Ltd has a one year low of $14.89 and a one year high of $23.94.

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

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Melco Resorts & Entertainment Company Profile

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.

Institutional Ownership by Quarter for Melco Resorts & Entertainment (NASDAQ:MPEL)

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