O Shaughnessy Asset Management LLC Takes Position in Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

O Shaughnessy Asset Management LLC bought a new position in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 6,079 shares of the company's stock, valued at approximately $480,000.

A number of other large investors have also added to or reduced their stakes in the business. Golden State Wealth Management LLC acquired a new position in Monarch Casino & Resort in the 4th quarter valued at $53,000. KBC Group NV boosted its position in shares of 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 period. Independence Bank of Kentucky acquired a new position in shares of Monarch Casino & Resort in the fourth quarter valued at about $93,000. Nisa Investment Advisors LLC increased its position in Monarch Casino & Resort by 30.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,693 shares of the company's stock worth $134,000 after acquiring an additional 400 shares during the period. Finally, Pacer Advisors Inc. raised its stake in 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 in the last quarter. Institutional investors own 62.37% of the company's stock.

Analyst Ratings Changes

MCRI has been the topic of several recent research reports. Wells Fargo & Company raised their target price on shares of Monarch Casino & Resort from $79.00 to $82.00 and gave the stock an "underweight" rating in a report on Wednesday, February 12th. Stifel Nicolaus lifted their price objective on Monarch Casino & Resort from $80.00 to $90.00 and gave the company a "hold" rating in a report on Wednesday, February 12th. Truist Financial upgraded Monarch Casino & Resort from a "hold" rating to a "buy" rating and raised their price target for the stock from $82.00 to $100.00 in a research report on Tuesday, January 14th. Jefferies Financial Group upped 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, StockNews.com lowered shares of Monarch Casino & Resort from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $87.20.

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Monarch Casino & Resort Trading Up 2.1 %

NASDAQ MCRI traded up $1.58 during trading on Tuesday, hitting $75.58. 43,816 shares of the company's stock were exchanged, compared to its average volume of 118,122. The company has a market cap of $1.40 billion, a PE ratio of 15.27 and a beta of 1.57. Monarch Casino & Resort, Inc. has a fifty-two week low of $64.50 and a fifty-two week high of $96.11. The stock's 50 day moving average price is $83.96 and its two-hundred day moving average price is $82.14.

Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $1.36 earnings per share for the quarter, beating analysts' consensus estimates 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 company earned $1.03 EPS. Analysts forecast that Monarch Casino & Resort, Inc. will post 5.13 earnings per share for the current fiscal year.

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.