Segall Bryant & Hamill LLC Makes New $1.87 Million Investment in Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

Segall Bryant & Hamill LLC bought a new position in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 23,559 shares of the company's stock, valued at approximately $1,868,000. Segall Bryant & Hamill LLC owned approximately 0.13% of Monarch Casino & Resort at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. American Century Companies Inc. boosted its stake in shares of Monarch Casino & Resort by 17.3% during the second quarter. American Century Companies Inc. now owns 313,682 shares of the company's stock valued at $21,371,000 after purchasing an additional 46,323 shares in the last quarter. Tributary Capital Management LLC grew its holdings in Monarch Casino & Resort by 0.3% during the 2nd quarter. Tributary Capital Management LLC now owns 276,426 shares of the company's stock worth $18,833,000 after acquiring an additional 827 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Monarch Casino & Resort by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 178,727 shares of the company's stock worth $12,177,000 after acquiring an additional 1,400 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Monarch Casino & Resort by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 175,378 shares of the company's stock valued at $11,949,000 after acquiring an additional 9,990 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of Monarch Casino & Resort by 11.7% during the second quarter. Renaissance Technologies LLC now owns 110,100 shares of the company's stock valued at $7,501,000 after acquiring an additional 11,500 shares during the last quarter. Institutional investors own 62.37% of the company's stock.

Monarch Casino & Resort Stock Up 1.0 %

Monarch Casino & Resort stock traded up $0.80 during trading hours on Friday, reaching $84.42. 122,204 shares of the company's stock were exchanged, compared to its average volume of 81,205. The firm's 50 day simple moving average is $78.72 and its 200 day simple moving average is $73.36. Monarch Casino & Resort, Inc. has a twelve month low of $62.03 and a twelve month high of $85.10. The firm has a market capitalization of $1.55 billion, a PE ratio of 18.68 and a beta of 1.73.

Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.37 by $0.10. The firm had revenue of $137.87 million for the quarter, compared to analysts' expectations of $134.50 million. Monarch Casino & Resort had a return on equity of 17.06% and a net margin of 16.82%. During the same period in the prior year, the business earned $1.38 EPS. Analysts anticipate that Monarch Casino & Resort, Inc. will post 4.72 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on MCRI. StockNews.com downgraded Monarch Casino & Resort from a "strong-buy" rating to a "buy" rating in a report on Wednesday, November 6th. Truist Financial raised their price objective on Monarch Casino & Resort from $75.00 to $82.00 and gave the stock a "hold" rating in a research report on Wednesday, October 23rd. Finally, Stifel Nicolaus lifted their price objective on Monarch Casino & Resort from $72.00 to $77.00 and gave the stock a "hold" rating in a research note on Thursday, October 24th.

About Monarch Casino & Resort

Monarch Casino & Resort, Inc, through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada. It also owns and operates the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado. The company was incorporated in 1993 and is based in Reno, Nevada.