Melco Resorts & Entertainment Ltd (MPEL) Stake Increased by Stifel Financial Corp

Stifel Financial Corp grew its stake in shares of Melco Resorts & Entertainment Ltd (NASDAQ:MPEL) by 38.9% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 25,704 shares of the company’s stock after acquiring an additional 7,192 shares during the quarter. Stifel Financial Corp’s holdings in Melco Resorts & Entertainment were worth $576,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Turner Investments LLC bought a new stake in shares of Melco Resorts & Entertainment during the 2nd quarter valued at $157,000. M&T Bank Corp bought a new stake in shares of Melco Resorts & Entertainment during the 2nd quarter valued at $260,000. Boston Private Wealth LLC bought a new stake in shares of Melco Resorts & Entertainment during the 2nd quarter valued at $261,000. KBC Group NV lifted its position in shares of Melco Resorts & Entertainment by 59.4% during the 2nd quarter. KBC Group NV now owns 12,598 shares of the company’s stock valued at $283,000 after acquiring an additional 4,694 shares during the period. Finally, GAM Holding AG bought a new stake in shares of Melco Resorts & Entertainment during the 2nd quarter valued at $292,000.

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

Shares of Melco Resorts & Entertainment Ltd (MPEL) opened at 18.97 on Monday. Melco Resorts & Entertainment Ltd has a 12 month low of $14.89 and a 12 month high of $24.57.

About Melco Resorts & 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 Resorts & Entertainment (NASDAQ:MPEL)

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