Millennium Management LLC Has $5.85 Million Holdings in Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

Millennium Management LLC raised its position in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) by 376.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,869 shares of the company's stock after purchasing an additional 67,833 shares during the period. Millennium Management LLC owned 0.46% of Monarch Casino & Resort worth $5,850,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in MCRI. Texas Permanent School Fund Corp raised its position in Monarch Casino & Resort by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 11,682 shares of the company's stock valued at $876,000 after acquiring an additional 152 shares in the last quarter. Pitcairn Co. raised its holdings in shares of Monarch Casino & Resort by 4.3% during the 1st quarter. Pitcairn Co. now owns 5,698 shares of the company's stock valued at $427,000 after purchasing an additional 235 shares in the last quarter. Sei Investments Co. lifted its stake in shares of Monarch Casino & Resort by 1.4% in the 2nd quarter. Sei Investments Co. now owns 19,697 shares of the company's stock valued at $1,342,000 after purchasing an additional 271 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Monarch Casino & Resort by 13.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,851 shares of the company's stock worth $289,000 after purchasing an additional 443 shares in the last quarter. Finally, US Bancorp DE increased its position in Monarch Casino & Resort by 8.6% during the first quarter. US Bancorp DE now owns 6,124 shares of the company's stock worth $459,000 after buying an additional 483 shares during the last quarter. 62.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MCRI has been the subject of several recent analyst reports. Truist Financial upped their price target on Monarch Casino & Resort from $74.00 to $75.00 and gave the stock a "hold" rating in a research note on Thursday, July 25th. Macquarie reiterated a "neutral" rating and set a $76.00 price target on shares of Monarch Casino & Resort in a report on Thursday, July 25th.

Monarch Casino & Resort Stock Performance

Shares of Monarch Casino & Resort stock traded up $0.26 during trading on Friday, reaching $75.73. The company's stock had a trading volume of 59,376 shares, compared to its average volume of 124,863. Monarch Casino & Resort, Inc. has a one year low of $56.25 and a one year high of $80.22. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 17.63 and a beta of 1.73. The business's fifty day moving average price is $75.32 and its 200-day moving average price is $71.36.

Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.11 by $0.08. The company had revenue of $128.14 million during the quarter, compared to analyst estimates of $126.03 million. Monarch Casino & Resort had a return on equity of 17.05% and a net margin of 16.31%. Sell-side analysts anticipate that Monarch Casino & Resort, Inc. will post 4.62 EPS for the current year.

Monarch Casino & Resort Company Profile

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.