Zacks Investment Research Lowers Studio City International (MSC) to Sell

Zacks Investment Research downgraded shares of Studio City International (NYSE:MSC) from a hold rating to a sell rating in a research report released on Wednesday.

According to Zacks, “Studio City International Holdings Limited provides cinematically-themed, gaming, retail and entertainment resort services. Studio City International Holdings Limited is based in Hong Kong. “

A number of other brokerages also recently issued reports on MSC. Morgan Stanley initiated coverage on Studio City International in a research note on Monday, November 12th. They set an underweight rating and a $20.00 price objective for the company. ValuEngine downgraded Studio City International from a buy rating to a hold rating in a research note on Monday, February 4th.

Shares of NYSE:MSC opened at $18.07 on Wednesday. The company has a quick ratio of 3.58, a current ratio of 1.05 and a debt-to-equity ratio of 1.15. Studio City International has a 12-month low of $12.73 and a 12-month high of $28.59.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC purchased a new position in Studio City International in the 4th quarter worth approximately $33,440,000. Millennium Management LLC purchased a new position in Studio City International in the 4th quarter worth approximately $1,724,000. NINE MASTS CAPITAL Ltd purchased a new position in Studio City International in the 4th quarter worth approximately $3,485,000. Citigroup Inc. purchased a new position in Studio City International in the 4th quarter worth approximately $27,000. Finally, Dean Capital Investments Management LLC purchased a new position in Studio City International in the 4th quarter worth approximately $647,000. 0.04% of the stock is currently owned by institutional investors.

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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