Scholtz & Company LLC purchased a new position in shares of Melco Resorts & Entertainment Ltd (NASDAQ:MPEL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 73,575 shares of the company’s stock, valued at approximately $1,652,000.

A number of other large investors have also modified their holdings of the business. BlackRock Inc. increased its stake in Melco Resorts & Entertainment by 9.9% during the second quarter. BlackRock Inc. now owns 17,270,132 shares of the company’s stock worth $387,715,000 after purchasing an additional 1,552,252 shares during the period. Capital Research Global Investors increased its stake in Melco Resorts & Entertainment by 14.0% during the second quarter. Capital Research Global Investors now owns 16,741,397 shares of the company’s stock worth $375,844,000 after purchasing an additional 2,055,012 shares during the period. FMR LLC increased its stake in Melco Resorts & Entertainment by 9.9% during the second quarter. FMR LLC now owns 16,203,328 shares of the company’s stock worth $363,766,000 after purchasing an additional 1,452,985 shares during the period. Capital World Investors purchased a new stake in Melco Resorts & Entertainment during the second quarter worth about $105,164,000. Finally, State Street Corp increased its stake in Melco Resorts & Entertainment by 28.1% during the second quarter. State Street Corp now owns 3,790,087 shares of the company’s stock worth $85,095,000 after purchasing an additional 830,552 shares during the period.

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Separately, Wells Fargo & Company reiterated 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% during mid-day trading on Friday, reaching $18.9700. Melco Resorts & Entertainment Ltd has a 52-week low of $14.89 and a 52-week high of $24.57.

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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