UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $2.96 Million Stock Position in Melco Resorts & Entertainment Limited (NASDAQ:MLCO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Melco Resorts & Entertainment Limited (NASDAQ:MLCO) by 88.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 380,372 shares of the company’s stock after purchasing an additional 178,993 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.09% of Melco Resorts & Entertainment worth $2,963,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Ridgewood Investments LLC acquired a new position in Melco Resorts & Entertainment during the 2nd quarter worth $42,000. Blue Trust Inc. increased its stake 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 worth $53,000 after purchasing an additional 5,191 shares during the period. Headlands Technologies LLC acquired a new position in shares of Melco Resorts & Entertainment during the 2nd quarter worth about $56,000. Ballentine Partners LLC bought a new stake in Melco Resorts & Entertainment during the 3rd quarter valued at approximately $81,000. Finally, Leo Wealth LLC acquired a new stake in Melco Resorts & Entertainment in the 3rd quarter valued at approximately $93,000. 39.62% of the stock is currently owned by institutional investors.

Melco Resorts & Entertainment Stock Performance

NASDAQ:MLCO opened at $6.76 on Friday. Melco Resorts & Entertainment Limited has a 52-week low of $4.78 and a 52-week high of $9.56. The company has a market cap of $2.84 billion, a price-to-earnings ratio of -30.73, a PEG ratio of 1.01 and a beta of 1.05. The firm’s 50-day moving average is $6.77 and its 200-day moving average is $6.61.

About Melco Resorts & Entertainment

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.