Melco Resorts & Entertainment (NASDAQ:MLCO) Shares Down 5.3% – Here’s Why

Posted by Stanley Muller on Jul 6th, 2026

Melco Resorts & Entertainment Limited (NASDAQ:MLCO – Get Free Report) shares fell 5.3% during mid-day trading on Monday . The company traded as low as $5.15 and last traded at $5.1050. Approximately 1,530,169 shares were traded during trading, a decline of 31% from the average daily volume of 2,209,081 shares. The stock had previously closed at $5.39.

Wall Street Analyst Weigh In

Several research analysts recently commented on MLCO shares. CICC Research raised Melco Resorts & Entertainment to an “outperform” rating in a research report on Sunday, April 19th. Wall Street Zen lowered shares of Melco Resorts & Entertainment from a “buy” rating to a “hold” rating in a report on Sunday, June 28th. Morgan Stanley cut shares of Melco Resorts & Entertainment from an “overweight” rating to a “negative” rating in a research note on Monday, June 22nd. Finally, CLSA downgraded shares of Melco Resorts & Entertainment from an “outperform” rating to a “hold” rating and set a $6.10 price objective for the company. in a report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Melco Resorts & Entertainment currently has a consensus rating of “Hold” and an average target price of $8.47.

Read Our Latest Stock Report on Melco Resorts & Entertainment

Melco Resorts & Entertainment Price Performance

The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 8.87, a price-to-earnings-growth ratio of 3.37 and a beta of 0.59. The firm has a 50 day simple moving average of $5.51 and a 200-day simple moving average of $5.99.

Institutional Investors Weigh In On Melco Resorts & Entertainment

A number of hedge funds have recently made changes to their positions in MLCO. FIL Ltd acquired a new position in Melco Resorts & Entertainment in the fourth quarter valued at about $35,198,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Melco Resorts & Entertainment by 67.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 9,198,664 shares of the company’s stock valued at $84,352,000 after acquiring an additional 3,700,980 shares during the last quarter. Coronation Fund Managers Ltd. boosted its holdings in shares of Melco Resorts & Entertainment by 35.2% in the 1st quarter. Coronation Fund Managers Ltd. now owns 11,269,346 shares of the company’s stock worth $64,010,000 after acquiring an additional 2,934,127 shares in the last quarter. Balyasny Asset Management L.P. grew its position in Melco Resorts & Entertainment by 257.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 3,864,347 shares of the company’s stock worth $29,253,000 after acquiring an additional 2,784,251 shares during the last quarter. Finally, National Bank of Canada FI grew its position in Melco Resorts & Entertainment by 71,281.5% during the 3rd quarter. National Bank of Canada FI now owns 2,206,402 shares of the company’s stock worth $20,233,000 after acquiring an additional 2,203,311 shares during the last quarter. Institutional investors and hedge funds own 39.62% of the company’s stock.

Melco Resorts & Entertainment Company Profile

(Get 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.