Almanack Investment Partners LLC. Has $177,000 Position in Melco Resorts & Entertainment Ltd (MPEL)

Almanack Investment Partners LLC. maintained its stake in shares of Melco Resorts & Entertainment Ltd (NASDAQ:MPEL) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,900 shares of the company’s stock at the end of the second quarter. Almanack Investment Partners LLC.’s holdings in Melco Resorts & Entertainment were worth $177,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. ARGA Investment Management LP raised its position in Melco Resorts & Entertainment by 2.6% during the 2nd quarter. ARGA Investment Management LP now owns 2,416,921 shares of the company’s stock worth $54,260,000 after purchasing an additional 60,900 shares during the last quarter. First Trust Advisors LP raised its position in Melco Resorts & Entertainment by 195.6% during the 2nd quarter. First Trust Advisors LP now owns 234,279 shares of the company’s stock worth $5,260,000 after purchasing an additional 155,032 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Melco Resorts & Entertainment by 17.9% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 33,000 shares of the company’s stock worth $741,000 after purchasing an additional 5,000 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new position in Melco Resorts & Entertainment during the 2nd quarter worth $16,388,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Melco Resorts & Entertainment by 9.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 106,275 shares of the company’s stock worth $2,386,000 after purchasing an additional 9,072 shares during the last quarter.

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Melco Resorts & Entertainment Ltd (MPEL) traded up 0.42% on Friday, hitting $18.97. The stock has a 50-day moving average price of $17.55 and a 200-day moving average price of $17.10. Melco Resorts & Entertainment Ltd has a 12 month low of $11.91 and a 12 month high of $20.00.

Separately, Wells Fargo & Company reaffirmed a “neutral” rating on shares of Melco Resorts & Entertainment in a research report on Tuesday, July 4th.

About Melco Resorts & Entertainment

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.

Institutional Ownership by Quarter for Melco Resorts & Entertainment (NASDAQ:MPEL)

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