Eaton Vance Management reduced its position in Melco Resorts & Entertainment Ltd (NASDAQ:MPEL) by 50.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 137,523 shares of the company’s stock after selling 137,490 shares during the quarter. Eaton Vance Management’s holdings in Melco Resorts & Entertainment were worth $3,087,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Melco Resorts & Entertainment in the 2nd quarter valued at $2,624,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Melco Resorts & Entertainment by 29.7% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,026 shares of the company’s stock valued at $899,000 after purchasing an additional 9,162 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Melco Resorts & Entertainment by 117.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,658,615 shares of the company’s stock valued at $37,235,000 after purchasing an additional 895,922 shares during the last quarter. Todd Asset Management LLC bought a new stake in shares of Melco Resorts & Entertainment in the 2nd quarter valued at $2,110,000. Finally, Delta Lloyd Asset Management N.V. bought a new stake in shares of Melco Resorts & Entertainment in the 2nd quarter valued at $638,000.

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

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Shares of Melco Resorts & Entertainment Ltd (NASDAQ MPEL) opened at 18.97 on Monday. Melco Resorts & Entertainment Ltd has a 1-year low of $14.89 and a 1-year high of $23.94. The stock has a 50 day moving average of $21.29 and a 200-day moving average of $20.93.

Melco Resorts & Entertainment 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 Resorts & Entertainment (NASDAQ:MPEL)

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