Studio City International (NYSE:MSC) Shares Gap Up to $13.52

Studio City International Holdings Limited (NYSE:MSC)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $13.52, but opened at $15.06. Studio City International shares last traded at $15.06, with a volume of 10 shares traded.

The stock has a market cap of $1.18 billion, a P/E ratio of -4.23 and a beta of -0.84. The company’s 50 day moving average price is $13.73 and its 200-day moving average price is $15.01. The company has a quick ratio of 5.87, a current ratio of 5.95 and a debt-to-equity ratio of 1.18.

A hedge fund recently raised its stake in Studio City International stock. Silver Point Capital L.P. boosted its position in Studio City International Holdings Limited (NYSE:MSC) by 42.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,392,680 shares of the company’s stock after buying an additional 4,586,262 shares during the period. Studio City International makes up 30.5% of Silver Point Capital L.P.’s holdings, making the stock its 2nd biggest holding. Silver Point Capital L.P. owned about 19.59% of Studio City International worth $250,438,000 at the end of the most recent quarter.

Studio City International Company Profile (NYSE:MSC)

Studio City International Holdings Limited operates a gaming, retail, and entertainment resort in Cotai, Macau. The company also operates Studio City Casino with 250 mass market gaming tables; approximately 947 gaming machines; and 45 VIP rolling chip tables. In addition, its resort provides various non-gaming facilities, including approximately 1,600 luxury hotel rooms; food and beverage outlets; retail space; figure-8 Ferris wheel; a 4-D Batman flight simulator; a night club; and a 5,000-seat live performance arena.

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