Amundi Pioneer Asset Management Inc. acquired a new position in shares of Melco Crown Entertainment Limited (NASDAQ:MLCO) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 186,251 shares of the company’s stock, valued at approximately $4,492,000.

Other hedge funds also recently made changes to their positions in the company. Canada Pension Plan Investment Board purchased a new position in shares of Melco Crown Entertainment during the 3rd quarter worth about $112,000. LS Investment Advisors LLC purchased a new position in shares of Melco Crown Entertainment during the 3rd quarter worth about $129,000. Nordea Investment Management AB purchased a new position in shares of Melco Crown Entertainment during the 3rd quarter worth about $136,000. Cavalier Investments LLC purchased a new position in shares of Melco Crown Entertainment during the 3rd quarter worth about $205,000. Finally, State Board of Administration of Florida Retirement System purchased a new position in shares of Melco Crown Entertainment during the 3rd quarter worth about $216,000. Institutional investors and hedge funds own 41.46% of the company’s stock.

MLCO has been the topic of several recent analyst reports. Roth Capital initiated coverage on shares of Melco Crown Entertainment in a report on Wednesday, November 1st. They set a “buy” rating and a $34.00 price objective on the stock. Zacks Investment Research lowered shares of Melco Crown Entertainment from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. Instinet upgraded shares of Melco Crown Entertainment from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $20.00 to $29.00 in a report on Tuesday, September 19th. Nomura increased their price objective on shares of Melco Crown Entertainment from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Finally, Macquarie dropped their target price on shares of Melco Crown Entertainment from $26.00 to $25.80 and set an “outperform” rating for the company in a research report on Friday, August 18th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Melco Crown Entertainment has an average rating of “Buy” and a consensus price target of $25.34.

Shares of Melco Crown Entertainment Limited (NASDAQ:MLCO) opened at $26.56 on Friday. The stock has a market cap of $12,845.47, a P/E ratio of 31.08, a P/E/G ratio of 1.00 and a beta of 1.92. Melco Crown Entertainment Limited has a 1 year low of $14.89 and a 1 year high of $27.47. 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 firm also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Tuesday, November 14th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Monday, November 13th. This is an increase from Melco Crown Entertainment’s previous quarterly dividend of $0.03. Melco Crown Entertainment’s dividend payout ratio is 56.45%.

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About Melco Crown Entertainment

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 (NASDAQ:MLCO)

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