63,168 Shares in Melco Resorts & Entertainment Limited (NASDAQ:MLCO) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in shares of Melco Resorts & Entertainment Limited (NASDAQ:MLCO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 63,168 shares of the company’s stock, valued at approximately $492,000.

Other hedge funds have also modified their holdings of the company. Ridgewood Investments LLC purchased a new position in shares of Melco Resorts & Entertainment during the 2nd quarter valued at $42,000. Blue Trust Inc. lifted its position in shares of Melco Resorts & Entertainment by 243.4% in the second quarter. Blue Trust Inc. now owns 7,324 shares of the company’s stock valued at $53,000 after acquiring an additional 5,191 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Melco Resorts & Entertainment in the second quarter worth about $56,000. Ballentine Partners LLC purchased a new stake in shares of Melco Resorts & Entertainment during the third quarter worth about $81,000. Finally, Leo Wealth LLC bought a new stake in Melco Resorts & Entertainment during the 3rd quarter valued at approximately $93,000. 39.62% of the stock is currently owned by institutional investors.

Melco Resorts & Entertainment Trading Down 2.2 %

NASDAQ MLCO opened at $6.76 on Monday. Melco Resorts & Entertainment Limited has a 12 month low of $4.78 and a 12 month high of $9.56. The stock’s 50 day moving average is $6.77 and its 200 day moving average is $6.59. The stock has a market cap of $2.84 billion, a PE ratio of -30.73, a P/E/G ratio of 1.01 and a beta of 1.05.

Melco Resorts & Entertainment Profile

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.