Legal & General Group Plc grew its position in shares of Melco Resorts & Entertainment Ltd (NASDAQ:MPEL) by 61.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 181,190 shares of the company’s stock after buying an additional 68,754 shares during the period. Legal & General Group Plc’s holdings in Melco Resorts & Entertainment were worth $4,068,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. CIBC Asset Management Inc lifted its holdings in Melco Resorts & Entertainment by 18.3% during the 2nd quarter. CIBC Asset Management Inc now owns 16,266 shares of the company’s stock worth $365,000 after purchasing an additional 2,521 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in Melco Resorts & Entertainment by 38.1% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 20,166 shares of the company’s stock worth $452,000 after purchasing an additional 5,562 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Melco Resorts & Entertainment by 90.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 20,900 shares of the company’s stock worth $469,000 after purchasing an additional 9,900 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings 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 in the last quarter. Finally, Shell Asset Management Co. lifted its holdings in Melco Resorts & Entertainment by 25.1% during the 2nd quarter. Shell Asset Management Co. now owns 40,223 shares of the company’s stock worth $903,000 after purchasing an additional 8,081 shares in the last quarter.

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

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Shares of Melco Resorts & Entertainment Ltd (NASDAQ MPEL) opened at 18.9700 on Thursday. Melco Resorts & Entertainment Ltd has a one year low of $14.89 and a one year high of $23.94.

Melco Resorts & Entertainment 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.

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

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