Studio City Ih (NYSE:MSC) Director Lawrence Yau Lung Ho Acquires 63,552 Shares of Stock

Studio City Ih (NYSE:MSC) Director Lawrence Yau Lung Ho acquired 63,552 shares of the business’s stock in a transaction on Friday, November 6th. The stock was acquired at an average cost of $0.28 per share, for a total transaction of $17,794.56. Following the transaction, the director directly owned 463,464,152 shares in the company, valued at $129,769,962.56. The trade was a 0.01% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Lawrence Yau Lung Ho also recently made the following trade(s):

• On Thursday, November 5th, Lawrence Yau Lung Ho bought 8,696 shares of Studio City Ih stock. The stock was acquired at an average price of $0.26 per share, for a total transaction of $2,260.96.
• On Wednesday, September 23rd, Lawrence Yau Lung Ho bought 1,043,600 shares of Studio City Ih stock. The shares were acquired at an average price of $0.20 per share, with a total value of $208,720.00.

Studio City Ih Stock Down 7.1%

NYSE:MSC opened at $0.91 on Tuesday. Studio City Ih has a twelve month low of $0.75 and a twelve month high of $4.19. The company has a market cap of $191.90 million, a price-to-earnings ratio of -3.64 and a beta of 0.15. The stock has a fifty day simple moving average of $1.09 and a 200-day simple moving average of $2.09. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 3.70.

Studio City Ih (NYSE:MSC) last issued its earnings results on Thursday, November 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.21. The firm had revenue of $163.30 million during the quarter, compared to analyst estimates of $170.68 million. Studio City Ih had a negative net margin of 7.19% and a negative return on equity of 8.47%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Studio City Ih in a research report on Friday, September 25th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has an average rating of “Sell”.

About Studio City Ih

Studio City International Holdings Limited develops and operates Studio City, an integrated resort located in Cotai, Macau. The property combines casino gaming with hospitality, entertainment, dining, retail and leisure attractions, serving visitors to Macau’s tourism and gaming market.

Studio City’s offerings include hotel accommodations, gaming facilities, restaurants, shops, event and entertainment venues, and family-oriented attractions. The resort was developed in phases, with the initial property opening in 2015 and additional hotel, entertainment, retail and leisure facilities added through its subsequent expansion.

Studio City International Holdings is majority-owned by Melco Resorts & Entertainment Limited and focuses primarily on the operation and continued development of its Macau integrated resort.