AlphaQuest LLC bought a new stake in Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,729 shares of the company's stock, valued at approximately $689,000.
Several other hedge funds and other institutional investors have also made changes to their positions in MCRI. Versor Investments LP bought a new position in shares of Monarch Casino & Resort in the third quarter valued at $230,000. GSA Capital Partners LLP bought a new position in shares of Monarch Casino & Resort in the third quarter valued at $309,000. Victory Capital Management Inc. grew its stake in shares of Monarch Casino & Resort by 58.9% in the third quarter. Victory Capital Management Inc. now owns 8,462 shares of the company's stock valued at $671,000 after buying an additional 3,138 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Monarch Casino & Resort in the third quarter valued at $1,868,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Monarch Casino & Resort by 141.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,736 shares of the company's stock valued at $613,000 after buying an additional 4,528 shares in the last quarter. 62.37% of the stock is owned by institutional investors.
Insider Buying and Selling at Monarch Casino & Resort
In other Monarch Casino & Resort news, CEO John Farahi sold 1,000 shares of Monarch Casino & Resort stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $77.70, for a total value of $77,700.00. Following the transaction, the chief executive officer now owns 528,436 shares in the company, valued at $41,059,477.20. The trade was a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 24.94% of the company's stock.
Monarch Casino & Resort Stock Performance
Shares of NASDAQ MCRI opened at $84.93 on Wednesday. Monarch Casino & Resort, Inc. has a 52 week low of $64.50 and a 52 week high of $96.11. The stock has a market capitalization of $1.57 billion, a P/E ratio of 17.16 and a beta of 1.74. The stock's fifty day moving average is $85.87 and its 200 day moving average is $81.61.
Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $1.36 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.23. Monarch Casino & Resort had a return on equity of 18.27% and a net margin of 18.01%. During the same period in the previous year, the company earned $1.03 EPS. Equities research analysts forecast that Monarch Casino & Resort, Inc. will post 5.13 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on MCRI shares. Wells Fargo & Company raised their price target on Monarch Casino & Resort from $79.00 to $82.00 and gave the company an "underweight" rating in a report on Wednesday, February 12th. StockNews.com downgraded Monarch Casino & Resort from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 12th. Jefferies Financial Group raised their price target on Monarch Casino & Resort from $73.00 to $88.00 and gave the company a "hold" rating in a report on Friday, January 3rd. Stifel Nicolaus raised their price target on Monarch Casino & Resort from $80.00 to $90.00 and gave the company a "hold" rating in a report on Wednesday, February 12th. Finally, Truist Financial raised Monarch Casino & Resort from a "hold" rating to a "buy" rating and raised their price target for the company from $82.00 to $100.00 in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $87.20.
Get Our Latest Stock Analysis on MCRI
Monarch Casino & Resort Profile
(
Free Report)
Monarch Casino & Resort, Inc engages in the ownership and operation of the Atlantis Casino Resort Spa, a hotel and casino facility in Reno, Nevada, and the Monarch Black Hawk Casino in Black Hawk, Colorado. The company was founded in 1993 and is headquartered in Reno, NV.
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