5 Best Mid-Cap Stocks Billionaire Brian Higgins’ King Street Loves the Most

3. Melco Resorts & Entertainment Limited (NASDAQ: MLCO)

Brian Higgins’ saw the dip in Melco Resorts & Entertainment Limited (NASDAQ: MLCO) stock price as a buying opportunity.

Consequently, the New York-based hedge fund initiated a position in the second quarter and increased its position by 107% in the September quarter. It is the third-largest stock holding of King Street, accounting for 8.43% of the portfolio. Shares of Melco Resorts soared 14% in the last six months but prospects look strong ahead amid easing social distancing restriction.