Jackson Creek Investment Advisors LLC acquired a new stake in Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,219 shares of the company's stock, valued at approximately $1,516,000. Jackson Creek Investment Advisors LLC owned 0.10% of Monarch Casino & Resort as of its most recent SEC filing.
Several other large investors have also bought and sold shares of MCRI. Golden State Wealth Management LLC bought a new stake in shares of Monarch Casino & Resort in the 4th quarter valued at about $53,000. KBC Group NV boosted its holdings in Monarch Casino & Resort by 67.8% in the fourth quarter. KBC Group NV now owns 980 shares of the company's stock valued at $77,000 after acquiring an additional 396 shares during the last quarter. Independence Bank of Kentucky acquired a new stake in Monarch Casino & Resort during the 4th quarter valued at approximately $93,000. Nisa Investment Advisors LLC raised its holdings in Monarch Casino & Resort by 30.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,693 shares of the company's stock worth $134,000 after purchasing an additional 400 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of Monarch Casino & Resort by 49.8% in the 4th quarter. Pacer Advisors Inc. now owns 2,760 shares of the company's stock worth $218,000 after purchasing an additional 917 shares during the period. 62.37% of the stock is owned by institutional investors.
Insider Activity at Monarch Casino & Resort
In related news, CEO John Farahi sold 1,000 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $77.70, for a total value of $77,700.00. Following the completion of the sale, the chief executive officer now directly owns 528,436 shares of the company's stock, valued at approximately $41,059,477.20. This represents a 0.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 24.94% of the stock is owned by insiders.
Monarch Casino & Resort Stock Performance
Shares of NASDAQ MCRI traded down $1.01 during midday trading on Tuesday, hitting $84.93. 112,893 shares of the stock traded hands, compared to its average volume of 110,595. Monarch Casino & Resort, Inc. has a one year low of $64.50 and a one year high of $96.11. The business has a 50 day moving average price of $85.87 and a two-hundred day moving average price of $81.61. The company has a market cap of $1.57 billion, a PE ratio of 17.16 and a beta of 1.74.
Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.23. Monarch Casino & Resort had a net margin of 18.01% and a return on equity of 18.27%. During the same quarter in the prior year, the business earned $1.03 EPS. As a group, equities research analysts forecast that Monarch Casino & Resort, Inc. will post 5.13 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the stock. StockNews.com downgraded shares of Monarch Casino & Resort from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 12th. Wells Fargo & Company upped their target price on Monarch Casino & Resort from $79.00 to $82.00 and gave the company an "underweight" rating in a research report on Wednesday, February 12th. Stifel Nicolaus boosted their price target on Monarch Casino & Resort from $80.00 to $90.00 and gave the company a "hold" rating in a research note on Wednesday, February 12th. Jefferies Financial Group raised their price objective on shares of Monarch Casino & Resort from $73.00 to $88.00 and gave the stock a "hold" rating in a research report on Friday, January 3rd. Finally, Truist Financial upgraded shares of Monarch Casino & Resort from a "hold" rating to a "buy" rating and boosted their target price for the company from $82.00 to $100.00 in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $87.20.
View Our Latest Research Report on MCRI
Monarch Casino & Resort Profile
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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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