Charles Schwab Investment Management Inc. lifted its holdings in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) by 5.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 118,512 shares of the company's stock after purchasing an additional 5,674 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.64% of Monarch Casino & Resort worth $9,351,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. GSA Capital Partners LLP purchased a new position in Monarch Casino & Resort during the third quarter worth approximately $309,000. Victory Capital Management Inc. grew its position in Monarch Casino & Resort by 58.9% during the third quarter. Victory Capital Management Inc. now owns 8,462 shares of the company's stock valued at $671,000 after acquiring an additional 3,138 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in Monarch Casino & Resort during the third quarter worth about $1,868,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Monarch Casino & Resort by 141.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,736 shares of the company's stock worth $613,000 after purchasing an additional 4,528 shares during the period. Finally, Intech Investment Management LLC acquired a new position in shares of Monarch Casino & Resort in the 3rd quarter valued at about $444,000. Hedge funds and other institutional investors own 62.37% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms recently commented on MCRI. Wells Fargo & Company raised their price target on shares of Monarch Casino & Resort from $79.00 to $82.00 and gave the company an "underweight" rating in a report on Wednesday, February 12th. Stifel Nicolaus upped their price target on shares of Monarch Casino & Resort from $80.00 to $90.00 and gave the stock a "hold" rating in a research report on Wednesday, February 12th. StockNews.com lowered Monarch Casino & Resort from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 12th. Truist Financial raised Monarch Casino & Resort from a "hold" rating to a "buy" rating and upped their target price for the stock from $82.00 to $100.00 in a research report on Tuesday, January 14th. Finally, Jefferies Financial Group raised their target price on Monarch Casino & Resort from $73.00 to $88.00 and gave the company a "hold" rating in a report on Friday, January 3rd. One equities research 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's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $87.20.
Check Out Our Latest Report on MCRI
Monarch Casino & Resort Stock Up 0.1 %
Shares of Monarch Casino & Resort stock traded up $0.10 on Wednesday, hitting $81.13. 60,208 shares of the company's stock traded hands, compared to its average volume of 111,302. The stock has a market cap of $1.50 billion, a P/E ratio of 16.39 and a beta of 1.74. Monarch Casino & Resort, Inc. has a 52-week low of $64.50 and a 52-week high of $96.11. The firm's 50-day moving average is $86.71 and its 200 day moving average is $82.20.
Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) last posted 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 prior year, the business earned $1.03 earnings per share. Equities research analysts forecast that Monarch Casino & Resort, Inc. will post 5.13 EPS for the current year.
Insider Activity
In other Monarch Casino & Resort news, CEO John Farahi sold 1,000 shares of the business's stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $77.70, for a total transaction of $77,700.00. Following the completion of the transaction, the chief executive officer now directly owns 528,436 shares of the company's stock, valued at $41,059,477.20. The trade was a 0.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 24.94% of the company's stock.
Monarch Casino & Resort Company 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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