Healthcare of Ontario Pension Plan Trust Fund Has $13.25 Million Holdings in Melco Resorts & Entertainment Limited (NASDAQ:MLCO)

Healthcare of Ontario Pension Plan Trust Fund trimmed its position in Melco Resorts & Entertainment Limited (NASDAQ:MLCO) by 4.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,701,300 shares of the company’s stock after selling 85,600 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.39% of Melco Resorts & Entertainment worth $13,253,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. purchased a new position in Melco Resorts & Entertainment during the 1st quarter worth approximately $56,000. California State Teachers Retirement System grew its holdings in shares of Melco Resorts & Entertainment by 10.1% during the first quarter. California State Teachers Retirement System now owns 239,056 shares of the company’s stock valued at $1,724,000 after buying an additional 21,945 shares in the last quarter. Virtu Financial LLC acquired a new position in Melco Resorts & Entertainment during the first quarter valued at $172,000. Cetera Advisors LLC purchased a new stake in Melco Resorts & Entertainment in the 1st quarter worth about $196,000. Finally, Simplicity Wealth LLC boosted its position in Melco Resorts & Entertainment by 6.1% during the 2nd quarter. Simplicity Wealth LLC now owns 281,247 shares of the company’s stock worth $2,098,000 after acquiring an additional 16,258 shares during the period. 39.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Bank of America dropped their target price on Melco Resorts & Entertainment from $8.50 to $7.50 and set a “buy” rating on the stock in a report on Monday, August 12th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $9.82.

Melco Resorts & Entertainment Trading Up 3.7 %

Melco Resorts & Entertainment stock opened at $6.20 on Friday. The firm’s 50 day moving average price is $6.90 and its two-hundred day moving average price is $6.74. Melco Resorts & Entertainment Limited has a twelve month low of $4.78 and a twelve month high of $9.56.

Melco Resorts & Entertainment Profile

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.