Teacher Retirement System of Texas Buys 17,470 Shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

Teacher Retirement System of Texas grew its holdings in Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) by 19.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 108,612 shares of the company's stock after purchasing an additional 17,470 shares during the quarter. Teacher Retirement System of Texas owned about 0.59% of Monarch Casino & Resort worth $8,569,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Heritage Family Offices LLP grew its holdings in Monarch Casino & Resort by 7.0% in the 4th quarter. Heritage Family Offices LLP now owns 2,993 shares of the company's stock valued at $236,000 after buying an additional 196 shares during the last quarter. New York State Teachers Retirement System increased its position in Monarch Casino & Resort by 0.9% during the fourth quarter. New York State Teachers Retirement System now owns 24,706 shares of the company's stock worth $1,949,000 after acquiring an additional 210 shares during the period. Exchange Traded Concepts LLC raised its stake in Monarch Casino & Resort by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 9,948 shares of the company's stock valued at $785,000 after purchasing an additional 250 shares during the last quarter. KBC Group NV boosted its holdings in Monarch Casino & Resort by 67.8% in the 4th quarter. KBC Group NV now owns 980 shares of the company's stock valued at $77,000 after purchasing an additional 396 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in Monarch Casino & Resort by 30.9% in 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. 62.37% of the stock is currently owned by institutional investors.

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Insider Transactions at Monarch Casino & Resort

In related news, CEO John Farahi sold 1,000 shares of the firm's stock in a transaction on Friday, January 3rd. The stock was 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 directly owns 528,436 shares of the company's stock, valued at $41,059,477.20. This trade represents a 0.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 24.94% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MCRI shares. Jefferies Financial Group lifted their target price on Monarch Casino & Resort from $73.00 to $88.00 and gave the stock a "hold" rating in a research report on Friday, January 3rd. StockNews.com cut Monarch Casino & Resort from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 12th. Wells Fargo & Company lifted their price target on shares of Monarch Casino & Resort from $79.00 to $82.00 and gave the stock an "underweight" rating in a research note on Wednesday, February 12th. Stifel Nicolaus boosted their price target on shares of Monarch Casino & Resort from $80.00 to $90.00 and gave the company a "hold" rating in a report on Wednesday, February 12th. Finally, Truist Financial upgraded shares of Monarch Casino & Resort from a "hold" rating to a "buy" rating and lifted their target price for the company from $82.00 to $100.00 in a research report on Tuesday, January 14th. 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 stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $87.20.

Monarch Casino & Resort Stock Down 0.8 %

Monarch Casino & Resort stock traded down $0.65 during mid-day trading on Thursday, hitting $80.48. 111,717 shares of the company were exchanged, compared to its average volume of 111,259. The company has a market capitalization of $1.49 billion, a PE ratio of 16.26 and a beta of 1.74. The business has a fifty day moving average of $86.66 and a 200 day moving average of $82.19. Monarch Casino & Resort, Inc. has a 1-year low of $64.50 and a 1-year high of $96.11.

Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $1.36 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the company posted $1.03 earnings per share. Research analysts expect that Monarch Casino & Resort, Inc. will post 5.13 earnings per share for the current year.

About Monarch Casino & Resort

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.