Wellington Management Group LLP Trims Holdings in Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

Wellington Management Group LLP lessened its holdings in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 210,503 shares of the company's stock after selling 9,122 shares during the period. Wellington Management Group LLP owned 1.14% of Monarch Casino & Resort worth $16,609,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Heritage Family Offices LLP grew its stake in Monarch Casino & Resort by 7.0% during the fourth quarter. Heritage Family Offices LLP now owns 2,993 shares of the company's stock worth $236,000 after purchasing an additional 196 shares during the period. New York State Teachers Retirement System lifted its position in shares of Monarch Casino & Resort by 0.9% during the 4th quarter. New York State Teachers Retirement System now owns 24,706 shares of the company's stock valued at $1,949,000 after acquiring an additional 210 shares during the period. Exchange Traded Concepts LLC boosted its stake in Monarch Casino & Resort by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 9,948 shares of the company's stock worth $785,000 after acquiring an additional 250 shares in the last quarter. KBC Group NV increased its stake in 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 purchasing an additional 396 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Monarch Casino & Resort by 30.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,693 shares of the company's stock valued at $134,000 after purchasing an additional 400 shares during the period. Institutional investors own 62.37% of the company's stock.

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Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Monarch Casino & Resort from $79.00 to $82.00 and gave the company an "underweight" rating in a research report on Wednesday, February 12th. Jefferies Financial Group lifted their price objective on shares of Monarch Casino & Resort from $73.00 to $88.00 and gave the company a "hold" rating in a report on Friday, January 3rd. Stifel Nicolaus upped their target price on shares of Monarch Casino & Resort from $80.00 to $90.00 and gave the stock a "hold" rating in a report on Wednesday, February 12th. Truist Financial raised shares of Monarch Casino & Resort from a "hold" rating to a "buy" rating and lifted their target price for the stock from $82.00 to $100.00 in a research report on Tuesday, January 14th. Finally, StockNews.com cut shares of Monarch Casino & Resort from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Monarch Casino & Resort presently has a consensus rating of "Hold" and a consensus target price of $87.20.

Monarch Casino & Resort Trading Down 0.1 %

NASDAQ MCRI traded down $0.07 on Monday, hitting $74.55. 1,270 shares of the company traded hands, compared to its average volume of 109,888. Monarch Casino & Resort, Inc. has a 52-week low of $64.50 and a 52-week high of $96.11. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 15.04 and a beta of 1.57. The business's 50 day moving average price is $84.21 and its 200-day moving average price is $82.18.

Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.23. Monarch Casino & Resort had a return on equity of 18.27% and a net margin of 18.01%. During the same quarter last year, the firm posted $1.03 EPS. As a group, sell-side analysts predict that Monarch Casino & Resort, Inc. will post 5.13 earnings per share for the current 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.