Los Angeles Capital Management & Equity Research Inc. Purchases New Stake in Melco Resorts & Entertainment Ltd (MPEL)

Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Melco Resorts & Entertainment Ltd (NASDAQ:MPEL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 116,865 shares of the company’s stock, valued at approximately $2,624,000.

Several other large investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its position 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 purchasing an additional 2,221,656 shares during the period. ARGA Investment Management LP increased its position in Melco Resorts & Entertainment by 2.6% during the second quarter. ARGA Investment Management LP now owns 2,416,921 shares of the company’s stock worth $54,260,000 after acquiring an additional 60,900 shares during the period. Russell Investments Group Ltd. increased its position in Melco Resorts & Entertainment by 297.4% during the second quarter. Russell Investments Group Ltd. now owns 2,278,441 shares of the company’s stock worth $51,154,000 after acquiring an additional 1,705,160 shares during the period. JPMorgan Chase & Co. increased its position in Melco Resorts & Entertainment by 117.5% during the second quarter. JPMorgan Chase & Co. now owns 1,658,615 shares of the company’s stock worth $37,235,000 after acquiring an additional 895,922 shares during the period. Finally, American Century Companies Inc. increased its position in Melco Resorts & Entertainment by 22.1% during the second quarter. American Century Companies Inc. now owns 1,565,612 shares of the company’s stock worth $35,148,000 after acquiring an additional 283,521 shares during the period.

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

Melco Resorts & Entertainment Ltd (NASDAQ MPEL) opened at 18.97 on Friday. Melco Resorts & Entertainment Ltd has a 12 month low of $14.89 and a 12 month high of $23.94.

WARNING: This piece was first reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.chaffeybreeze.com/2017/09/15/los-angeles-capital-management-equity-research-inc-purchases-new-stake-in-melco-resorts-entertainment-ltd-mpel.html.

Melco Resorts & Entertainment 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.

Want to see what other hedge funds are holding MPEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Melco Resorts & Entertainment Ltd (NASDAQ:MPEL).

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

Receive News & Ratings for Melco Resorts & Entertainment Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Melco Resorts & Entertainment Ltd and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply