WINTON GROUP Ltd Boosts Stock Position in Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

WINTON GROUP Ltd increased its stake in Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) by 202.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,029 shares of the company's stock after purchasing an additional 6,039 shares during the period. WINTON GROUP Ltd's holdings in Monarch Casino & Resort were worth $712,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of MCRI. DAVENPORT & Co LLC lifted its stake in shares of Monarch Casino & Resort by 1.6% during the fourth quarter. DAVENPORT & Co LLC now owns 1,256,305 shares of the company's stock worth $98,696,000 after buying an additional 19,845 shares during the period. Vanguard Group Inc. raised its stake in Monarch Casino & Resort by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 1,003,709 shares of the company's stock worth $79,193,000 after acquiring an additional 9,234 shares during the last quarter. American Century Companies Inc. lifted its position in Monarch Casino & Resort by 9.3% during the 4th quarter. American Century Companies Inc. now owns 404,073 shares of the company's stock worth $31,881,000 after acquiring an additional 34,384 shares during the period. Janus Henderson Group PLC grew its stake in Monarch Casino & Resort by 0.9% during the 3rd quarter. Janus Henderson Group PLC now owns 388,658 shares of the company's stock valued at $30,809,000 after purchasing an additional 3,488 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Monarch Casino & Resort by 3.9% in the third quarter. Wellington Management Group LLP now owns 219,625 shares of the company's stock valued at $17,410,000 after purchasing an additional 8,283 shares during the period. Hedge funds and other institutional investors own 62.37% of the company's stock.

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Monarch Casino & Resort Stock Down 6.1 %

Shares of Monarch Casino & Resort stock traded down $4.82 on Thursday, reaching $74.40. The company's stock had a trading volume of 43,503 shares, compared to its average volume of 116,644. Monarch Casino & Resort, Inc. has a 52-week low of $64.50 and a 52-week high of $96.11. The company has a market capitalization of $1.37 billion, a P/E ratio of 15.03 and a beta of 1.74. The stock has a 50-day moving average price of $86.16 and a 200-day moving average price of $82.33.

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 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 period last year, the firm posted $1.03 earnings per share. Sell-side analysts forecast that Monarch Casino & Resort, Inc. will post 5.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Stifel Nicolaus upped their target price on Monarch Casino & Resort from $80.00 to $90.00 and gave the company a "hold" rating in a research report on Wednesday, February 12th. Jefferies Financial Group increased 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 note on Friday, January 3rd. 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. Wells Fargo & Company increased their price target on Monarch Casino & Resort from $79.00 to $82.00 and gave the stock an "underweight" rating in a research report on Wednesday, February 12th. Finally, StockNews.com downgraded Monarch Casino & Resort from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 12th. One investment 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. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $87.20.

Insider Activity at Monarch Casino & Resort

In other news, CEO John Farahi sold 1,000 shares of the company's stock in a transaction on 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 sale, the chief executive officer now owns 528,436 shares of the company's stock, valued at $41,059,477.20. This represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 24.94% of the stock is owned by corporate insiders.

Monarch Casino & Resort Profile

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.