Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new position in Melco Crown Entertainment Limited (NASDAQ:MLCO) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 35,600 shares of the company’s stock, valued at approximately $859,000.

Other institutional investors have also recently modified their holdings of the company. Canada Pension Plan Investment Board acquired a new position in Melco Crown Entertainment Limited during the 3rd quarter valued at $112,000. LS Investment Advisors LLC bought a new stake in Melco Crown Entertainment Limited in the 3rd quarter valued at $129,000. Cavalier Investments LLC bought a new stake in Melco Crown Entertainment Limited in the 3rd quarter valued at $205,000. State Board of Administration of Florida Retirement System bought a new stake in shares of Melco Crown Entertainment Limited in the 3rd quarter worth about $216,000. Finally, River Road Asset Management LLC bought a new stake in shares of Melco Crown Entertainment Limited in the 3rd quarter worth about $264,000. Institutional investors and hedge funds own 42.03% of the company’s stock.

Several equities research analysts have recently weighed in on the stock. Nomura upped their target price on shares of Melco Crown Entertainment Limited from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Roth Capital assumed coverage on shares of Melco Crown Entertainment Limited in a report on Wednesday, November 1st. They issued a “buy” rating and a $34.00 target price on the stock. Zacks Investment Research lowered shares of Melco Crown Entertainment Limited from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Instinet raised shares of Melco Crown Entertainment Limited from a “neutral” rating to a “buy” rating and upped their target price for the stock from $20.00 to $29.00 in a report on Tuesday, September 19th. Finally, Macquarie lowered their target price on shares of Melco Crown Entertainment Limited from $26.00 to $25.80 and set an “outperform” rating on the stock in a report on Friday, August 18th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $24.83.

Shares of Melco Crown Entertainment Limited (NASDAQ:MLCO) opened at $26.57 on Friday. Melco Crown Entertainment Limited has a fifty-two week low of $14.89 and a fifty-two week high of $26.76. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.14. The company has a market cap of $13,071.78, a PE ratio of 31.63, a price-to-earnings-growth ratio of 1.02 and a beta of 1.92.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Tuesday, November 14th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, November 13th. This represents a $0.36 dividend on an annualized basis and a yield of 1.35%. This is a positive change from Melco Crown Entertainment Limited’s previous quarterly dividend of $0.03. Melco Crown Entertainment Limited’s dividend payout ratio is currently 56.45%.

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About Melco Crown Entertainment Limited

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 Crown Entertainment Limited (NASDAQ:MLCO)

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