State of New Jersey Common Pension Fund D Trims Position in Melco Resorts & Entertainment Limited $MLCO

Posted by Francis Steltz on May 12th, 2026

State of New Jersey Common Pension Fund D cut its stake in shares of Melco Resorts & Entertainment Limited (NASDAQ:MLCO – Free Report) by 38.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 163,279 shares of the company’s stock after selling 101,014 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Melco Resorts & Entertainment were worth $1,236,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP bought a new position in shares of Melco Resorts & Entertainment in the third quarter valued at approximately $68,000. Northwestern Mutual Wealth Management Co. bought a new stake in Melco Resorts & Entertainment during the 2nd quarter worth approximately $71,000. Global Retirement Partners LLC lifted its stake in Melco Resorts & Entertainment by 6,805.6% in the 3rd quarter. Global Retirement Partners LLC now owns 8,632 shares of the company’s stock worth $79,000 after purchasing an additional 8,507 shares in the last quarter. TD Private Client Wealth LLC lifted its stake in Melco Resorts & Entertainment by 298.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 10,098 shares of the company’s stock worth $93,000 after purchasing an additional 7,563 shares in the last quarter. Finally, Orion Porfolio Solutions LLC boosted its holdings in Melco Resorts & Entertainment by 15.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 13,556 shares of the company’s stock valued at $98,000 after purchasing an additional 1,819 shares during the period. 39.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MLCO shares. Wall Street Zen raised shares of Melco Resorts & Entertainment from a “hold” rating to a “buy” rating in a report on Monday. CICC Research raised Melco Resorts & Entertainment to an “outperform” rating in a research note on Sunday, April 19th. JPMorgan Chase & Co. restated a “neutral” rating and set a $7.70 target price (down from $11.00) on shares of Melco Resorts & Entertainment in a research report on Friday, January 16th. Weiss Ratings restated a “sell (d)” rating on shares of Melco Resorts & Entertainment in a research note on Thursday, January 22nd. Finally, Texas Capital upgraded Melco Resorts & Entertainment to a “strong-buy” rating in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $9.06.

Get Our Latest Stock Report on Melco Resorts & Entertainment

Melco Resorts & Entertainment Stock Down 1.1%

MLCO opened at $5.31 on Tuesday. The business’s fifty day simple moving average is $5.67 and its 200 day simple moving average is $6.85. Melco Resorts & Entertainment Limited has a 52 week low of $5.22 and a 52 week high of $10.15. The stock has a market cap of $2.16 billion, a PE ratio of 9.16, a P/E/G ratio of 3.76 and a beta of 0.60.

Melco Resorts & Entertainment Profile

(Free Report)

Melco Resorts & Entertainment Limited (NASDAQ: MLCO) is a developer, owner and operator of integrated resort destinations in Asia and Europe. The company’s portfolio spans casino gaming, hotel accommodations, retail, dining and entertainment facilities. Melco’s properties feature a mix of luxury hotels, award-winning restaurants, high-limit gaming salons and entertainment venues, catering to a broad range of leisure and business travelers.

In Macau, Melco owns and operates flagship properties including City of Dreams Macau, Altira Macau and Studio City.