Insider Buying: Studio City Ih (NYSE:MSC) Director Acquires $17,794.56 in Stock

Studio City Ih (NYSE:MSC) Director Lawrence Yau Lung Ho purchased 63,552 shares of the firm’s stock in a transaction that occurred on Friday, November 6th. The shares were bought at an average price of $0.28 per share, for a total transaction of $17,794.56. Following the acquisition, the director directly owned 463,464,152 shares in the company, valued at $129,769,962.56. This trade represents a 0.01% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

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

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

Studio City Ih Stock Up 5.2%

NYSE MSC opened at $1.00 on Thursday. The company has a quick ratio of 0.75, a current ratio of 0.81 and a debt-to-equity ratio of 3.79. The company has a fifty day moving average of $1.06 and a two-hundred day moving average of $2.07. The firm has a market capitalization of $210.72 million, a price-to-earnings ratio of -4.00 and a beta of 0.15. Studio City Ih has a 52 week low of $0.75 and a 52 week high of $4.19.

Studio City Ih (NYSE:MSC) last announced its earnings results on Thursday, November 5th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.21. The business had revenue of $163.30 million for the quarter, compared to the consensus estimate of $170.68 million. Studio City Ih had a negative net margin of 7.19% and a negative return on equity of 8.62%.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Studio City Ih in a research note on Friday, September 25th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Studio City Ih Company Profile

Studio City International Holdings Limited develops and operates Studio City, an integrated resort in Cotai, Macau. The resort combines casino gaming with hotels, dining, retail, and entertainment attractions. Studio City opened in 2015 and has expanded its leisure offerings to include attractions such as a water park and entertainment venues. The company’s business is focused on serving visitors to Macau, a major tourism and gaming destination in China. Studio City International is controlled by Melco Resorts & Entertainment, which is also active in the Macau resort and casino industry.