Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in shares of Melco Crown Entertainment Limited (NASDAQ:MLCO) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 162,000 shares of the company’s stock, valued at approximately $3,812,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Canada Pension Plan Investment Board purchased a new stake in Melco Crown Entertainment Limited in the 3rd quarter worth about $112,000. LS Investment Advisors LLC purchased a new stake in Melco Crown Entertainment Limited in the 3rd quarter worth about $129,000. Cavalier Investments LLC purchased a new stake in Melco Crown Entertainment Limited in the 3rd quarter worth about $205,000. State Board of Administration of Florida Retirement System purchased a new stake in Melco Crown Entertainment Limited in the 3rd quarter worth about $216,000. Finally, River Road Asset Management LLC purchased a new stake in Melco Crown Entertainment Limited in the 3rd quarter worth about $264,000. Hedge funds and other institutional investors own 40.12% of the company’s stock.

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MLCO has been the topic of a number of recent analyst reports. Roth Capital initiated coverage on shares of Melco Crown Entertainment Limited in a research report on Wednesday, November 1st. They issued a “buy” rating and a $34.00 price objective on the stock. Nomura raised shares of Melco Crown Entertainment Limited from a “neutral” rating to a “buy” rating and raised their target price for the stock from $20.00 to $29.00 in a research report on Tuesday, September 19th. Instinet reaffirmed a “neutral” rating on shares of Melco Crown Entertainment Limited in a research report on Monday, July 17th. Zacks Investment Research raised shares of Melco Crown Entertainment Limited from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Wednesday, September 27th. Finally, TheStreet lowered shares of Melco Crown Entertainment Limited from a “b-” rating to a “c+” rating in a research report on Thursday, July 27th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $24.83.

Shares of Melco Crown Entertainment Limited (NASDAQ MLCO) opened at $25.13 on Tuesday. The firm has a market cap of $12,380.00, a P/E ratio of 30.00, a price-to-earnings-growth ratio of 1.04 and a beta of 1.92. Melco Crown Entertainment Limited has a one year low of $14.89 and a one year high of $26.54. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.14.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Tuesday, November 14th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.43%. 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 42.86%.

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.

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Institutional Ownership by Quarter for Melco Crown Entertainment Limited (NASDAQ:MLCO)

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