Zacks: Studio City International Holdings Ltd (NYSE:MSC) Given Consensus Recommendation of “Sell” by Brokerages

Shares of Studio City International Holdings Ltd (NYSE:MSC) have received a consensus broker rating score of 4.30 (Sell) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation.

Brokerages have set a 1 year consensus price target of $16.00 for the company and are anticipating that the company will post ($0.49) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Studio City International an industry rank of 201 out of 256 based on the ratings given to its competitors.

Separately, Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research report on Tuesday, June 11th.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Citigroup Inc. purchased a new position in Studio City International during the fourth quarter valued at approximately $27,000. Norges Bank purchased a new position in Studio City International during the fourth quarter valued at approximately $54,000. Millennium Management LLC purchased a new position in Studio City International during the fourth quarter valued at approximately $1,724,000. Finally, FMR LLC purchased a new position in Studio City International during the fourth quarter valued at approximately $33,440,000. 21.98% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Studio City International stock traded down $0.01 during trading on Monday, hitting $19.50. The stock had a trading volume of 7,783 shares, compared to its average volume of 2,335. The stock’s 50 day simple moving average is $20.12. The stock has a market cap of $1.53 billion and a P/E ratio of -81.25. The company has a quick ratio of 1.46, a current ratio of 1.49 and a debt-to-equity ratio of 1.31. Studio City International has a 1 year low of $12.73 and a 1 year high of $28.59.

Studio City International (NYSE:MSC) last released its earnings results on Tuesday, May 7th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of ($0.74) by $0.87. The firm had revenue of $151.10 million during the quarter. On average, sell-side analysts predict that Studio City International will post -1.04 earnings per share for the current year.

Studio City International Company Profile

Studio City International Holdings Ltd. is a gaming, retail and entertainment resort located in Cotai, Macau. It engages in the hospitality business and provision of gaming related services in Macau. The company was founded on August 2, 2000 and is headquartered in Hong Kong.

See Also: Blockchain

Get a free copy of the Zacks research report on Studio City International (MSC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Studio City International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Studio City International and related companies with MarketBeat.com's FREE daily email newsletter.