Northern Trust Corp boosted its position in shares of Melco Resorts & Entertainment Limited (NASDAQ:MLCO) by 2.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,007,540 shares of the company’s stock after purchasing an additional 56,692 shares during the period. Northern Trust Corp owned about 0.41% of Melco Resorts & Entertainment worth $35,373,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of MLCO. Capital Research Global Investors boosted its position in Melco Resorts & Entertainment by 89.2% in the 3rd quarter. Capital Research Global Investors now owns 33,785,801 shares of the company’s stock valued at $714,570,000 after buying an additional 15,930,285 shares during the period. Capital World Investors boosted its position in Melco Resorts & Entertainment by 7.7% in the 3rd quarter. Capital World Investors now owns 15,327,427 shares of the company’s stock valued at $324,175,000 after buying an additional 1,094,334 shares during the period. Hardman Johnston Global Advisors LLC boosted its position in Melco Resorts & Entertainment by 8.8% in the 4th quarter. Hardman Johnston Global Advisors LLC now owns 10,759,685 shares of the company’s stock valued at $189,586,000 after buying an additional 867,250 shares during the period. Boston Partners boosted its position in Melco Resorts & Entertainment by 650.4% in the 4th quarter. Boston Partners now owns 4,969,419 shares of the company’s stock valued at $87,561,000 after buying an additional 4,307,173 shares during the period. Finally, Coronation Fund Managers Ltd. purchased a new stake in Melco Resorts & Entertainment in the 4th quarter valued at about $66,986,000. Institutional investors own 32.97% of the company’s stock.

NASDAQ MLCO opened at $21.62 on Monday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.92 and a quick ratio of 0.90. The company has a market cap of $10.69 billion, a P/E ratio of 24.29, a PEG ratio of 1.21 and a beta of 1.62. Melco Resorts & Entertainment Limited has a 52 week low of $15.33 and a 52 week high of $32.95.

Melco Resorts & Entertainment (NASDAQ:MLCO) last posted its quarterly earnings data on Tuesday, February 19th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.37 billion. Melco Resorts & Entertainment had a net margin of 6.81% and a return on equity of 13.92%. Melco Resorts & Entertainment’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.17 EPS. Research analysts forecast that Melco Resorts & Entertainment Limited will post 0.96 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Monday, March 4th were paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 2.87%. The ex-dividend date was Friday, March 1st. This is a positive change from Melco Resorts & Entertainment’s previous quarterly dividend of $0.15. Melco Resorts & Entertainment’s payout ratio is 68.54%.

MLCO has been the subject of several research reports. Zacks Investment Research cut shares of Melco Resorts & Entertainment from a “buy” rating to a “hold” rating in a research report on Friday, February 8th. CLSA raised shares of Melco Resorts & Entertainment from a “sell” rating to an “underperform” rating in a research report on Thursday, January 3rd. BidaskClub raised shares of Melco Resorts & Entertainment from a “sell” rating to a “hold” rating in a research report on Friday, January 11th. Citigroup set a $29.00 price target on shares of Melco Resorts & Entertainment and gave the stock a “buy” rating in a research report on Thursday, December 6th. Finally, Daiwa Capital Markets began coverage on shares of Melco Resorts & Entertainment in a research report on Wednesday, January 23rd. They issued an “outperform” rating for the company. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $28.14.

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About Melco Resorts & Entertainment

Melco Resorts & Entertainment Limited, through its subsidiaries, develops, owns, and operates casino gaming and entertainment casino resort facilities in Asia. It owns and operates City of Dreams, an integrated casino resort that has 500 gaming tables and 800 gaming machines; approximately 1,400 hotel rooms and suites; a wet stage performance theater with approximately 2,000 seats; approximately 30 restaurants and bars, and 150 retail outlets; and recreation and leisure facilities, including health and fitness clubs, swimming pools, spa and salons, and banquet and meeting facilities.

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

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