What’s Ahead for Melco Crown Entertainment Ltd (ADR) After Today’s Bearish Options Activity?

 What's Ahead for Melco Crown Entertainment Ltd (ADR) After Today's Bearish Options Activity?

In today’s session Melco Crown Entertainment Ltd (ADR) (MPEL) recorded an unusually high (1,020) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious MPEL decrease. With 1,020 contracts traded and 16114 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: MPEL161021P00016000 closed last at: $0.6 or 71.4% up. About 2.59 million shares traded hands. Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) has declined 1.90% since March 14, 2016 and is downtrending. It has underperformed by 7.51% the S&P500.

Analysts await Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) to report earnings on November, 3. They expect $0.05 EPS, down 54.55% or $0.06 from last year’s $0.11 per share. MPEL’s profit will be $26.77 million for 79.00 P/E if the $0.05 EPS becomes a reality. After $0.05 actual EPS reported by Melco Crown Entertainment Ltd (ADR) for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) Ratings Coverage

Out of 10 analysts covering Melco Crown Entertainment (NASDAQ:MPEL), 4 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 40% are positive. Melco Crown Entertainment has been the topic of 17 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Gabelli initiated Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) on Wednesday, December 9 with “Buy” rating. The rating was upgraded by Deutsche Bank on Tuesday, October 6 to “Hold”. The stock has “Outperform” rating given by Credit Suisse on Monday, October 12. The stock of Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) earned “Overweight” rating by Morgan Stanley on Monday, January 11. The stock of Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) earned “Buy” rating by HSBC on Monday, October 12. The stock of Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) has “Buy” rating given on Tuesday, July 28 by Brean Capital. Morgan Stanley upgraded the shares of MPEL in a report on Thursday, October 29 to “Equal-Weight” rating. Credit Suisse downgraded the shares of MPEL in a report on Monday, April 4 to “Neutral” rating. The rating was downgraded by HSBC to “Hold” on Wednesday, April 20. The firm has “Neutral” rating given on Thursday, August 11 by Buckingham Research.

According to Zacks Investment Research, “Melco Crown Entertainment Limited is an owner and developer of casino gaming and entertainment resort facilities primarily in Macau. It owns and operates City of Dreams, Altira Macau and Mocha Clubs. The Company’s Development Project includes Macau Studio City Project. Melco Crown Entertainment Limited, formerly known as Melco PBL Entertainment (Macau) Limited, is headquartered in Macau.”

Melco Crown Entertainment Limited is a holding company. The company has a market cap of $8.46 billion. The Company, through its subsidiaries, develops, owns and operates casino gaming and entertainment casino resort facilities in Asia. It has a 91.82 P/E ratio. The Firm 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.

MPEL Company Profile

Melco Crown Entertainment Limited, incorporated on December 17, 2004, is a holding company. The Company, through its subsidiaries, develops, owns and operates casino gaming and entertainment casino resort facilities in Asia. The Firm 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. The Company’s business divisions are City of Dreams, Altira Macau, Studio City, Mocha Clubs, City of Dreams Manila, and Corporate and Others. The Firm has over three casino activities in Macau, namely, City of Dreams, Altira Macau and Studio City, and non-casino based activities in Macau at its Mocha Clubs. The Firm also has a casino operation in the Philippines, City of Dreams Manila. The Firm is developing the fifth hotel tower at City of Dreams in Cotai, Macau.

More recent Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) news were published by: Marketwatch.com which released: “Melco Crown Entertainment Ltd. ADR” on August 12, 2009. Also Fool.com published the news titled: “Why Shares of Melco Crown Entertainment Ltd. (ADR) Dropped 13% in November” on December 06, 2015. Benzinga.com‘s news article titled: “A Big Technical Breakout For Melco Crown Entertainment” with publication date: February 12, 2015 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment