SG Americas Securities LLC cut its position in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) by 38.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,829 shares of the company's stock after selling 3,015 shares during the quarter. SG Americas Securities LLC's holdings in Monarch Casino & Resort were worth $381,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in MCRI. Janus Henderson Group PLC boosted its stake in shares of Monarch Casino & Resort by 0.9% in the 3rd quarter. Janus Henderson Group PLC now owns 388,658 shares of the company's stock worth $30,809,000 after buying an additional 3,488 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Monarch Casino & Resort by 3.9% during the third quarter. Wellington Management Group LLP now owns 219,625 shares of the company's stock worth $17,410,000 after acquiring an additional 8,283 shares during the period. Dimensional Fund Advisors LP boosted its position in Monarch Casino & Resort by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 175,378 shares of the company's stock worth $11,949,000 after purchasing an additional 9,990 shares during the last quarter. FMR LLC grew its stake in Monarch Casino & Resort by 1.1% in the 3rd quarter. FMR LLC now owns 134,098 shares of the company's stock valued at $10,630,000 after purchasing an additional 1,396 shares during the period. Finally, Jane Street Group LLC increased its position in shares of Monarch Casino & Resort by 518.8% during the 3rd quarter. Jane Street Group LLC now owns 117,072 shares of the company's stock valued at $9,280,000 after purchasing an additional 98,153 shares during the last quarter. 62.37% of the stock is owned by institutional investors.
Insider Buying and Selling at Monarch Casino & Resort
In other news, CEO John Farahi sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $77.70, for a total value of $77,700.00. Following the completion of the transaction, the chief executive officer now directly owns 528,436 shares in the company, valued at approximately $41,059,477.20. This trade represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 24.94% of the company's stock.
Monarch Casino & Resort Trading Down 1.0 %
Shares of NASDAQ MCRI traded down $0.87 during mid-day trading on Friday, hitting $85.91. The company had a trading volume of 97,982 shares, compared to its average volume of 87,651. The stock's 50-day moving average price is $82.57 and its 200-day moving average price is $79.02. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 19.01 and a beta of 1.74. Monarch Casino & Resort, Inc. has a 1 year low of $64.50 and a 1 year high of $89.06.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on MCRI. Stifel Nicolaus boosted their price target on shares of Monarch Casino & Resort from $72.00 to $77.00 and gave the stock a "hold" rating in a report on Thursday, October 24th. 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 note on Tuesday, January 14th. Jefferies Financial Group raised their price target 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. StockNews.com downgraded Monarch Casino & Resort from a "strong-buy" rating to a "buy" rating in a research note on Tuesday. Finally, Wells Fargo & Company began coverage on Monarch Casino & Resort in a research report on Monday, December 16th. They issued an "underweight" rating and a $79.00 target price for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $84.00.
Check Out Our Latest Stock Analysis on MCRI
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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