Key Points
- Director Lawrence Yau Lung Ho purchased 1,043,600 shares of Studio City International Holdings at an average price of $0.20, investing $208,720 and increasing his stake by 0.23% to 463.4 million shares.
- Studio City’s stock opened at $0.85, up 0.4%, but remains near its 52-week low of $0.75 and well below its 52-week high of $4.91. The company has a $179.74 million market capitalization and substantial leverage, with a debt-to-equity ratio of 3.70.
- In its latest quarter, the company reported an adjusted loss of $0.08 per share, beating estimates for a $0.42 loss, while revenue of $164.56 million fell short of analysts’ $190.12 million forecast.
Studio City Ih (NYSE:MSC - Get Free Report) Director Lawrence Yau Lung Ho bought 1,043,600 shares of the company's stock in a transaction that occurred on Wednesday, September 23rd. The stock was bought at an average price of $0.20 per share, with a total value of $208,720.00. Following the acquisition, the director directly owned 463,391,904 shares in the company, valued at $92,678,380.80. The trade was a 0.23% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
Studio City Ih Stock Up 0.4%
NYSE:MSC opened at $0.85 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 3.70. The stock's fifty day moving average is $1.63 and its two-hundred day moving average is $2.13. Studio City Ih has a 52 week low of $0.75 and a 52 week high of $4.91. The stock has a market capitalization of $179.74 million, a price-to-earnings ratio of -3.05 and a beta of 0.14.
Studio City Ih (NYSE:MSC - Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.42) by $0.34. Studio City Ih had a negative return on equity of 9.26% and a negative net margin of 7.79%.The business had revenue of $164.56 million during the quarter, compared to analyst estimates of $190.12 million. During the same period last year, the business posted ($0.02) earnings per share.
About Studio City Ih
(
Get Free Report)
Studio City International Holdings Limited (NYSE: MSC) is a holding company focused on the development and operation of Studio City, an integrated resort in Cotai, Macau. The company is majority-owned by Melco Resorts & Entertainment Limited.
Studio City is designed around a film and entertainment theme and offers casino gaming, hotel accommodations, restaurants, retail outlets and leisure attractions. Its entertainment offerings have included family-oriented attractions, live performances and other recreational experiences, positioning the resort as a destination for both gaming and tourism.
The company serves visitors to Macau, a major gaming and tourism market in China, as well as customers from across Asia and other international markets.
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