Melco PBL (MLCO) Hits New 12-Month High and Low at $31.03

Melco PBL Holdings (NASDAQ:MLCO)’s share price reached a new 52-week high and low during trading on Thursday . The stock traded as low as $31.03 and last traded at $30.77, with a volume of 2553215 shares traded. The stock had previously closed at $29.31.

Several equities analysts recently commented on the company. BidaskClub upgraded Melco PBL from a “hold” rating to a “buy” rating in a research report on Tuesday, March 27th. CLSA assumed coverage on Melco PBL in a research report on Monday, February 26th. They set an “outperform” rating for the company. Zacks Investment Research upgraded Melco PBL from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Goldman Sachs upgraded Melco PBL from a “neutral” rating to a “buy” rating in a research report on Sunday, February 4th. Finally, JPMorgan Chase upgraded Melco PBL from a “neutral” rating to an “overweight” rating and set a $32.00 target price for the company in a research report on Tuesday, December 19th. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Melco PBL has a consensus rating of “Buy” and an average target price of $28.78.

The firm has a market cap of $14,478.83, a price-to-earnings ratio of 33.87, a price-to-earnings-growth ratio of 2.15 and a beta of 1.55. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.10 and a quick ratio of 1.07.



Melco PBL (NASDAQ:MLCO) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.03). Melco PBL had a net margin of 6.47% and a return on equity of 13.83%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.36 billion. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. equities research analysts predict that Melco PBL Holdings will post 1.14 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Financial Counselors Inc. increased its holdings in Melco PBL by 23.6% during the 4th quarter. Financial Counselors Inc. now owns 12,617 shares of the company’s stock valued at $366,000 after purchasing an additional 2,406 shares in the last quarter. American International Group Inc. increased its stake in shares of Melco PBL by 9.3% in the 4th quarter. American International Group Inc. now owns 30,776 shares of the company’s stock valued at $894,000 after buying an additional 2,624 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Melco PBL by 18.8% in the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 22,001 shares of the company’s stock valued at $638,000 after buying an additional 3,487 shares during the period. Lenox Wealth Management Inc. increased its stake in shares of Melco PBL by 20.3% in the 4th quarter. Lenox Wealth Management Inc. now owns 33,454 shares of the company’s stock valued at $972,000 after buying an additional 5,646 shares during the period. Finally, Swiss National Bank increased its stake in shares of Melco PBL by 0.7% in the 4th quarter. Swiss National Bank now owns 921,347 shares of the company’s stock valued at $26,756,000 after buying an additional 6,100 shares during the period. 41.04% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: “Melco PBL (MLCO) Hits New 12-Month High and Low at $31.03” was originally posted by Dakota Financial News and is the sole property of of Dakota Financial News. If you are accessing this story on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://dakotafinancialnews.com/2018/04/12/melco-pbl-mlco-hits-new-12-month-high-and-low-at-31-03.html.

About Melco PBL

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.

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

Leave a Reply