Trexquant Investment LP bought a new position in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,512 shares of the company's stock, valued at approximately $356,000.
Several other hedge funds have also recently bought and sold shares of the stock. Golden State Wealth Management LLC bought a new stake in Monarch Casino & Resort in the 4th quarter valued at approximately $53,000. KBC Group NV raised its holdings in Monarch Casino & Resort by 67.8% during the fourth quarter. KBC Group NV now owns 980 shares of the company's stock worth $77,000 after acquiring an additional 396 shares in the last quarter. Independence Bank of Kentucky acquired a new stake in shares of Monarch Casino & Resort in the fourth quarter valued at approximately $93,000. Nisa Investment Advisors LLC grew its stake in shares of Monarch Casino & Resort by 30.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,693 shares of the company's stock valued at $134,000 after acquiring an additional 400 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in Monarch Casino & Resort by 49.8% in the 4th quarter. Pacer Advisors Inc. now owns 2,760 shares of the company's stock valued at $218,000 after purchasing an additional 917 shares during the period. 62.37% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
MCRI has been the topic of a number of analyst reports. StockNews.com downgraded Monarch Casino & Resort from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 12th. Wells Fargo & Company upped their price objective on shares of Monarch Casino & Resort from $79.00 to $82.00 and gave the stock an "underweight" rating in a research report on Wednesday, February 12th. Stifel Nicolaus boosted their price objective on shares of 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 raised their target price on Monarch Casino & Resort from $73.00 to $88.00 and gave the company a "hold" rating in a report on Friday, January 3rd. Finally, Truist Financial raised Monarch Casino & Resort from a "hold" rating to a "buy" rating and boosted their price target for the stock from $82.00 to $100.00 in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Monarch Casino & Resort presently has an average rating of "Hold" and a consensus price target of $87.20.
Check Out Our Latest Analysis on Monarch Casino & Resort
Monarch Casino & Resort Stock Up 1.6 %
Monarch Casino & Resort stock traded up $1.16 during trading hours on Tuesday, hitting $75.16. The stock had a trading volume of 180,579 shares, compared to its average volume of 118,826. The business's 50 day simple moving average is $83.73 and its 200-day simple moving average is $82.09. Monarch Casino & Resort, Inc. has a one year low of $64.50 and a one year high of $96.11. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 15.18 and a beta of 1.57.
Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) last posted its 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 quarter in the prior year, the firm posted $1.03 EPS. Research analysts anticipate that Monarch Casino & Resort, Inc. will post 5.13 EPS for the current fiscal year.
About Monarch Casino & Resort
(
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.
Further Reading
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