Melco Crown Entertainment Target of Unusually Large Options Trading (MLCO)

Melco Crown Entertainment Limited (NASDAQ:MLCO) saw unusually large options trading on Tuesday. Stock traders bought 14,660 call options on the stock. This represents an increase of approximately 1,359% compared to the average daily volume of 1,005 call options.

Several research analysts recently commented on MLCO shares. Macquarie dropped their price target on Melco Crown Entertainment from $26.00 to $25.80 and set an “outperform” rating for the company in a research report on Friday, August 18th. Zacks Investment Research lowered Melco Crown Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. Instinet upgraded Melco Crown Entertainment from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $20.00 to $29.00 in a research report on Tuesday, September 19th. Nomura upgraded Melco Crown Entertainment from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $20.00 to $29.00 in a research report on Tuesday, September 19th. Finally, Roth Capital started coverage on Melco Crown Entertainment in a research report on Wednesday, November 1st. They issued a “buy” rating and a $34.00 price target for the company. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $25.34.

Several large investors have recently made changes to their positions in MLCO. American Century Companies Inc. purchased a new position in shares of Melco Crown Entertainment during the third quarter valued at approximately $90,957,000. Nicholas Investment Partners LP purchased a new position in shares of Melco Crown Entertainment during the third quarter valued at approximately $84,420,000. Mckinley Capital Management LLC Delaware purchased a new position in shares of Melco Crown Entertainment during the third quarter valued at approximately $70,699,000. Janus Henderson Group PLC purchased a new position in shares of Melco Crown Entertainment during the third quarter valued at approximately $70,242,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Melco Crown Entertainment during the third quarter valued at approximately $61,384,000. Institutional investors and hedge funds own 41.45% of the company’s stock.

Melco Crown Entertainment (NASDAQ:MLCO) opened at $25.85 on Friday. Melco Crown Entertainment has a 12-month low of $14.89 and a 12-month high of $27.47. The stock has a market capitalization of $12,722.47, a P/E ratio of 30.79, a price-to-earnings-growth ratio of 0.99 and a beta of 1.92. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.07 and a current ratio of 1.08.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Tuesday, November 14th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Monday, November 13th. This is a positive change from Melco Crown Entertainment’s previous quarterly dividend of $0.03. Melco Crown Entertainment’s payout ratio is 56.45%.

TRADEMARK VIOLATION WARNING: “Melco Crown Entertainment Target of Unusually Large Options Trading (MLCO)” was reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this article on another domain, it was illegally copied and republished in violation of international copyright legislation. The correct version of this article can be accessed at https://www.chaffeybreeze.com/2017/12/10/melco-crown-entertainment-target-of-unusually-large-options-trading-mlco.html.

About Melco Crown 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.

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

Latest News

Leave a Reply