Melco Resorts & Entertainment (MLCO)

• Market cap: $2.3B
• 1 day: 0.00%
• 5 days: -3.30%
• 1 month: -6.73%
• 3 months: -4.53%
• 6 months: -35.50%
• Year to date: -4.53%
• 1 year: -29.17%
• 5 years: -55.41%
• 10 years: -76.00%
• Sector: Consumer Discretionary
• Industry: Hotels & Motels

About: Melco Resorts & Entertainment is one of only six licensed casino operators in Macao. It operates Altira, a complex focused on premium customers; City of Dreams, an integrated resort in Cotai serving both mass-market and premium patrons; and Mocha Clubs electronic gaming machines. The company also has a majority interest in Studio City, which opened in 2015. Outside Macao, Melco owns City of Dreams Manila in the Philippines and City of Dreams Mediterranean in Cyprus. The business mix in terms of adjusted EBITDA was about 84% from Macao with the rest largely from the Philippines as of 2019.

Employees: 20,209

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

208% more call options, than puts

Call options by funds: $30.6M | Put options by funds: $9.95M

42% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 24

22% more repeat investments, than reductions

Existing positions increased: 56 | Existing positions reduced: 46

5% more funds holding

Funds holding: 155 [Q3] → 163 (+8) [Q4]

0.25% less ownership

Funds ownership: 11.89% [Q3] → 11.64% (-0.25%) [Q4]

20% less funds holding in top 10

Funds holding in top 10: 5 [Q3] → 4 (-1) [Q4]

27% less capital invested

Capital invested by funds: $1.21B [Q3] → $884M (-$331M) [Q4]

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $6 14% upside
• Avg. target: $7.23 37% upside
• High target: $9 71% upside

3 analyst ratings

• positive: 2 67%
• neutral: 1 33%
• negative: 0 0%

Morgan Stanley Praveen Choudhary 0% 1-year accuracy 0 / 2 met price target	27% upside $6.70	Overweight Upgraded	3 Mar 2025
Citigroup George Choi 0% 1-year accuracy 0 / 5 met price target	14% upside $6	Neutral Downgraded	10 Feb 2025
Susquehanna Joseph Stauff 21% 1-year accuracy 6 / 29 met price target	71% upside $9	Positive Maintained	3 Feb 2025