Studio City International (MSC) Downgraded by ValuEngine to “Hold”

Studio City International (NYSE:MSC) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Monday, February 4th.

A number of other equities research analysts have also commented on MSC. Zacks Investment Research upgraded Studio City International from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Tuesday, January 15th. Morgan Stanley assumed coverage on Studio City International in a research report on Monday, November 12th. They issued an “underweight” rating and a $20.00 price objective on the stock.

Shares of MSC stock traded up $1.58 during trading hours on Monday, hitting $18.07. The company had a trading volume of 12,297 shares, compared to its average volume of 3,786. Studio City International has a 12 month low of $12.73 and a 12 month high of $28.59. The firm has a market cap of $1.62 billion and a P/E ratio of -75.30. The company has a current ratio of 1.05, a quick ratio of 3.58 and a debt-to-equity ratio of 1.15.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC bought a new position in Studio City International in the 4th quarter valued at $33,440,000. NINE MASTS CAPITAL Ltd acquired a new position in shares of Studio City International in the 4th quarter valued at $3,485,000. Millennium Management LLC acquired a new position in shares of Studio City International in the 4th quarter valued at $1,724,000. Dean Capital Investments Management LLC acquired a new position in shares of Studio City International in the 4th quarter valued at $647,000. Finally, Citigroup Inc. acquired a new position in shares of Studio City International in the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 0.04% of the company’s stock.

Studio City International Company Profile

Studio City International Holdings Limited operates a gaming, retail, and entertainment resort in Cotai, Macau. The company also operates Studio City Casino with 250 mass market gaming tables; approximately 970 gaming machines; and 45 VIP rolling chip tables. In addition, its resort provides various non-gaming facilities, including approximately 1,600 hotel rooms; various food and beverage establishments; retail space; figure-8 Ferris wheel; a Warner Bros.-themed family entertainment center; a 4-D Batman flight simulator; a night club; and a 5,000-seat live performance arena.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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