Melco Resorts & Entertainment Ltd (NASDAQ:MLCO) was the recipient of unusually large options trading activity on Monday. Stock traders acquired 3,978 put options on the stock. This represents an increase of approximately 668% compared to the average volume of 518 put options.

Shares of Melco Resorts & Entertainment (MLCO) opened at $25.86 on Thursday. Melco Resorts & Entertainment has a 12 month low of $14.89 and a 12 month high of $27.47. The company has a market cap of $12,973.38, a P/E ratio of 31.39, a price-to-earnings-growth ratio of 1.01 and a beta of 1.92. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.14.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Tuesday, November 14th were paid a $0.09 dividend. The ex-dividend date was Monday, November 13th. This represents a $0.36 annualized dividend and a dividend yield of 1.39%. This is a positive change from Melco Resorts & Entertainment’s previous quarterly dividend of $0.03. Melco Resorts & Entertainment’s dividend payout ratio (DPR) is presently 56.45%.

Institutional investors have recently bought and sold shares of the company. Canada Pension Plan Investment Board bought a new position in shares of Melco Resorts & Entertainment in the third quarter valued at approximately $112,000. LS Investment Advisors LLC bought a new position in shares of Melco Resorts & Entertainment in the third quarter valued at approximately $129,000. Nordea Investment Management AB bought a new position in shares of Melco Resorts & Entertainment in the third quarter valued at approximately $136,000. Ladenburg Thalmann Financial Services Inc. bought a new position in shares of Melco Resorts & Entertainment in the third quarter valued at approximately $173,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Melco Resorts & Entertainment in the third quarter valued at approximately $193,000. Institutional investors and hedge funds own 41.45% of the company’s stock.

Several equities research analysts recently weighed in on the stock. TheStreet upgraded shares of Melco Resorts & Entertainment from a “c+” rating to a “b” rating in a research note on Tuesday, November 21st. Zacks Investment Research lowered shares of Melco Resorts & Entertainment from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. Macquarie dropped their price objective on shares of Melco Resorts & Entertainment from $26.00 to $25.80 and set an “outperform” rating on the stock in a research note on Friday, August 18th. Daiwa Capital Markets upgraded shares of Melco Resorts & Entertainment from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Thursday, November 30th. Finally, Roth Capital began coverage on shares of Melco Resorts & Entertainment in a research note on Wednesday, November 1st. They issued a “buy” rating and a $34.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Melco Resorts & Entertainment has a consensus rating of “Buy” and a consensus target price of $25.34.

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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.

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