Parametric Portfolio Associates LLC Sells 19,072 Shares of Melco Resorts & Entertainment Ltd (MPEL)

Parametric Portfolio Associates LLC trimmed its holdings in shares of Melco Resorts & Entertainment Ltd (NASDAQ:MPEL) by 9.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 175,392 shares of the company’s stock after selling 19,072 shares during the period. Parametric Portfolio Associates LLC’s holdings in Melco Resorts & Entertainment were worth $3,938,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of MPEL. Advisor Group Inc. lifted its stake in Melco Resorts & Entertainment by 26.9% in the 2nd quarter. Advisor Group Inc. now owns 13,539 shares of the company’s stock valued at $303,000 after purchasing an additional 2,873 shares during the last quarter. M&T Bank Corp acquired a new stake in Melco Resorts & Entertainment in the 2nd quarter valued at about $260,000. FMR LLC lifted its stake in Melco Resorts & Entertainment by 9.9% in the 2nd quarter. FMR LLC now owns 16,203,328 shares of the company’s stock valued at $363,766,000 after purchasing an additional 1,452,985 shares during the last quarter. Vanguard Group Inc. lifted its stake in Melco Resorts & Entertainment by 32.4% in the 2nd quarter. Vanguard Group Inc. now owns 829,742 shares of the company’s stock valued at $18,627,000 after purchasing an additional 202,819 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Melco Resorts & Entertainment by 29.7% in the 2nd quarter. Northern Trust Corp now owns 1,697,014 shares of the company’s stock valued at $38,098,000 after purchasing an additional 388,560 shares during the last quarter.

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) opened at 18.97 on Monday. Melco Resorts & Entertainment Ltd has a 52 week low of $14.89 and a 52 week high of $24.57.

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Melco Resorts & Entertainment 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.

Institutional Ownership by Quarter for Melco Resorts & Entertainment (NASDAQ:MPEL)

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