Hanson & Doremus Investment Management boosted its position in shares of Melco Resorts & Entertainment Ltd (NASDAQ:MPEL) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,730 shares of the company’s stock after buying an additional 685 shares during the period. Hanson & Doremus Investment Management’s holdings in Melco Resorts & Entertainment were worth $1,049,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Melco Resorts & Entertainment by 38.1% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 20,166 shares of the company’s stock worth $452,000 after buying an additional 5,562 shares in the last quarter. Shell Asset Management Co. raised its stake in shares of Melco Resorts & Entertainment by 25.1% in the second quarter. Shell Asset Management Co. now owns 40,223 shares of the company’s stock worth $903,000 after buying an additional 8,081 shares in the last quarter. Acadian Asset Management LLC raised its stake 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 worth $58,534,000 after buying an additional 2,221,656 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Melco Resorts & Entertainment by 297.4% in the second quarter. Russell Investments Group Ltd. now owns 2,278,441 shares of the company’s stock worth $51,154,000 after buying an additional 1,705,160 shares in the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its stake in shares of Melco Resorts & Entertainment by 23.7% in the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 162,000 shares of the company’s stock worth $3,593,000 after buying an additional 31,000 shares in the last quarter.
Shares of Melco Resorts & Entertainment Ltd (MPEL) opened at 18.9700 on Monday. Melco Resorts & Entertainment Ltd has a 12 month low of $11.91 and a 12 month high of $20.00.
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Separately, Wells Fargo & Company reissued a “neutral” rating on shares of Melco Resorts & Entertainment in a research report on Tuesday, July 4th.
About Melco Resorts & 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.
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