SG Americas Securities LLC decreased its stake in shares of Melco Resorts & Entertainment Ltd (NASDAQ:MPEL) by 70.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 124,207 shares of the company’s stock after selling 296,058 shares during the period. SG Americas Securities LLC’s holdings in Melco Resorts & Entertainment were worth $2,788,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Korea Investment CORP bought a new position in Melco Resorts & Entertainment during the second quarter valued at $1,275,000. Sei Investments Co. boosted its position in Melco Resorts & Entertainment by 19.8% in the second quarter. Sei Investments Co. now owns 510,638 shares of the company’s stock valued at $11,463,000 after buying an additional 84,324 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in Melco Resorts & Entertainment by 90.0% in the second quarter. Daiwa Securities Group Inc. now owns 20,900 shares of the company’s stock valued at $469,000 after buying an additional 9,900 shares during the last quarter. CIBC Asset Management Inc boosted its position in Melco Resorts & Entertainment by 18.3% in the second quarter. CIBC Asset Management Inc now owns 16,266 shares of the company’s stock valued at $365,000 after buying an additional 2,521 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in Melco Resorts & Entertainment by 9.5% in the second quarter. Great West Life Assurance Co. Can now owns 81,787 shares of the company’s stock valued at $1,834,000 after buying an additional 7,100 shares during the last quarter.
Melco Resorts & Entertainment Ltd (MPEL) opened at 18.97 on Wednesday. Melco Resorts & Entertainment Ltd has a 1-year low of $11.91 and a 1-year high of $20.00.
Separately, Wells Fargo & Company reaffirmed a “neutral” rating on shares of Melco Resorts & Entertainment in a research note on Tuesday, July 4th.
Melco Resorts & Entertainment Company 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.
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