Alexandria Capital LLC Invests $5.71 Million in Melco Crown Entertainment Limited (MLCO) Stock

Alexandria Capital LLC acquired a new position in shares of Melco Crown Entertainment Limited (NASDAQ:MLCO) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 236,910 shares of the company’s stock, valued at approximately $5,714,000. Melco Crown Entertainment Limited comprises 1.4% of Alexandria Capital LLC’s investment portfolio, making the stock its 19th biggest position.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. APG Asset Management N.V. bought a new position in Melco Crown Entertainment Limited during the third quarter worth $9,735,000. First Trust Advisors LP bought a new position in Melco Crown Entertainment Limited during the third quarter worth $6,588,000. Pictet Asset Management Ltd. bought a new position in Melco Crown Entertainment Limited during the third quarter worth $4,501,000. Handelsbanken Fonder AB bought a new position in Melco Crown Entertainment Limited during the third quarter worth $3,739,000. Finally, Aperio Group LLC bought a new position in Melco Crown Entertainment Limited during the third quarter worth $3,506,000. Hedge funds and other institutional investors own 39.33% of the company’s stock.

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Shares of Melco Crown Entertainment Limited (MLCO) traded up 5.54% during midday trading on Tuesday, hitting $24.95. 4,131,612 shares of the company were exchanged. Melco Crown Entertainment Limited has a one year low of $14.89 and a one year high of $25.26. The firm has a market cap of $12.20 billion, a P/E ratio of 48.35 and a beta of 1.84. The company’s 50 day moving average price is $23.53 and its 200 day moving average price is $22.20.

Several equities analysts recently issued reports on MLCO shares. UBS AG restated a “buy” rating on shares of Melco Crown Entertainment Limited in a research note on Monday, July 10th. Sanford C. Bernstein restated an “outperform” rating on shares of Melco Crown Entertainment Limited in a research note on Wednesday, July 12th. Instinet restated a “neutral” rating on shares of Melco Crown Entertainment Limited in a research note on Monday, July 17th. TheStreet cut Melco Crown Entertainment Limited from a “b-” rating to a “c+” rating in a research note on Thursday, July 27th. Finally, Macquarie reduced their price objective on Melco Crown Entertainment Limited from $26.00 to $25.80 and set an “outperform” rating on the stock in a research note on Friday, August 18th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Melco Crown Entertainment Limited presently has a consensus rating of “Buy” and an average price target of $22.98.

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.

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

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