Sensato Investors LLC acquired a new position in shares of Melco Resorts & Entertainment Ltd (NASDAQ:MPEL) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 405,381 shares of the company’s stock, valued at approximately $9,101,000. Melco Resorts & Entertainment comprises 2.3% of Sensato Investors LLC’s holdings, making the stock its 18th biggest position.

A number of other institutional investors and hedge funds also recently modified their holdings of MPEL. Capital World Investors bought a new position in Melco Resorts & Entertainment during the 2nd quarter worth $105,164,000. Renaissance Technologies LLC grew its stake in Melco Resorts & Entertainment by 452.4% during the 2nd quarter. Renaissance Technologies LLC now owns 2,735,100 shares of the company’s stock worth $61,403,000 after buying an additional 2,239,963 shares during the last quarter. Acadian Asset Management LLC grew its stake in Melco Resorts & Entertainment by 576.0% during the 2nd quarter. Acadian Asset Management LLC now owns 2,607,354 shares of the company’s stock worth $58,534,000 after buying an additional 2,221,656 shares during the last quarter. Capital Research Global Investors grew its stake in Melco Resorts & Entertainment by 14.0% during the 2nd quarter. Capital Research Global Investors now owns 16,741,397 shares of the company’s stock worth $375,844,000 after buying an additional 2,055,012 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Melco Resorts & Entertainment by 297.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,278,441 shares of the company’s stock worth $51,154,000 after buying an additional 1,705,160 shares during the last quarter.

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

Shares of Melco Resorts & Entertainment Ltd (NASDAQ:MPEL) traded up 0.4235% on Thursday, reaching $18.9700. Melco Resorts & Entertainment Ltd has a 12-month low of $14.89 and a 12-month high of $24.51.

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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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