FDx Advisors Inc. Invests $486,000 in Melco Crown Entertainment Limited (MLCO) Stock

FDx Advisors Inc. acquired a new stake in Melco Crown Entertainment Limited (NASDAQ:MLCO) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 20,168 shares of the company’s stock, valued at approximately $486,000.

Other large investors have also recently bought and sold shares of the company. Canada Pension Plan Investment Board purchased a new stake in Melco Crown Entertainment Limited in the 3rd quarter valued at about $112,000. LS Investment Advisors LLC purchased a new stake in shares of Melco Crown Entertainment Limited during the 3rd quarter worth approximately $129,000. Cavalier Investments LLC purchased a new stake in shares of Melco Crown Entertainment Limited during the 3rd quarter worth approximately $205,000. State Board of Administration of Florida Retirement System purchased a new stake in shares of Melco Crown Entertainment Limited during the 3rd quarter worth approximately $216,000. Finally, River Road Asset Management LLC purchased a new stake in shares of Melco Crown Entertainment Limited during the 3rd quarter worth approximately $264,000. Hedge funds and other institutional investors own 42.03% of the company’s stock.

Melco Crown Entertainment Limited (NASDAQ MLCO) opened at $25.45 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.14. Melco Crown Entertainment Limited has a fifty-two week low of $14.89 and a fifty-two week high of $26.54. The company has a market cap of $12,540.00, a price-to-earnings ratio of 30.30, a price-to-earnings-growth ratio of 0.98 and a beta of 1.92.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Tuesday, November 14th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.41%. This is an increase from Melco Crown Entertainment Limited’s previous quarterly dividend of $0.03. The ex-dividend date is Monday, November 13th. Melco Crown Entertainment Limited’s dividend payout ratio (DPR) is presently 55.56%.

Several brokerages have recently issued reports on MLCO. Nomura raised their price target on shares of Melco Crown Entertainment Limited from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Roth Capital began coverage on shares of Melco Crown Entertainment Limited in a research note on Wednesday, November 1st. They set a “buy” rating and a $34.00 price target for the company. Zacks Investment Research lowered shares of Melco Crown Entertainment Limited from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Instinet upgraded shares of Melco Crown Entertainment Limited from a “neutral” rating to a “buy” rating and raised their price target for the stock from $20.00 to $29.00 in a research note on Tuesday, September 19th. Finally, Macquarie decreased their price target on shares of Melco Crown Entertainment Limited from $26.00 to $25.80 and set an “outperform” rating for the company in a research note on Friday, August 18th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $24.83.

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Melco Crown Entertainment Limited Company Profile

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 Crown Entertainment Limited (NASDAQ:MLCO)

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