Quantedge Capital Pte Ltd acquired a new position in Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 20,091 shares of the company's stock, valued at approximately $1,585,000. Quantedge Capital Pte Ltd owned about 0.11% of Monarch Casino & Resort as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently made changes to their positions in the business. DAVENPORT & Co LLC boosted its stake in shares of Monarch Casino & Resort by 1.6% during the 4th quarter. DAVENPORT & Co LLC now owns 1,256,305 shares of the company's stock valued at $98,696,000 after purchasing an additional 19,845 shares in the last quarter. Vanguard Group Inc. raised its holdings in Monarch Casino & Resort by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 1,003,709 shares of the company's stock worth $79,193,000 after buying an additional 9,234 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Monarch Casino & Resort by 8.6% in the fourth quarter. JPMorgan Chase & Co. now owns 918,734 shares of the company's stock worth $72,488,000 after buying an additional 72,764 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Monarch Casino & Resort by 9.3% during the fourth quarter. American Century Companies Inc. now owns 404,073 shares of the company's stock valued at $31,881,000 after buying an additional 34,384 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in shares of Monarch Casino & Resort during the fourth quarter valued at approximately $19,346,000. Hedge funds and other institutional investors own 62.37% of the company's stock.
Monarch Casino & Resort Price Performance
Shares of NASDAQ MCRI traded down $0.48 during mid-day trading on Tuesday, reaching $82.14. The company's stock had a trading volume of 28,527 shares, compared to its average volume of 115,270. The firm has a market capitalization of $1.52 billion, a PE ratio of 16.59 and a beta of 1.59. The stock has a fifty day moving average of $78.47 and a two-hundred day moving average of $82.41. Monarch Casino & Resort, Inc. has a 52 week low of $64.58 and a 52 week high of $96.11.
Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.01. Monarch Casino & Resort had a net margin of 18.01% and a return on equity of 18.27%. The business had revenue of $125.39 million for the quarter, compared to the consensus estimate of $122.70 million. Analysts anticipate that Monarch Casino & Resort, Inc. will post 5.13 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the company. StockNews.com lowered Monarch Casino & Resort from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 12th. Macquarie reiterated a "neutral" rating and set a $92.00 target price on shares of Monarch Casino & Resort in a research note on Wednesday, April 23rd. Truist Financial lowered their price target on Monarch Casino & Resort from $105.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company raised their target price on Monarch Casino & Resort from $79.00 to $82.00 and gave the stock an "underweight" rating in a research report on Wednesday, February 12th. Finally, Stifel Nicolaus reduced their price target on shares of Monarch Casino & Resort from $90.00 to $81.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. One equities 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. According to MarketBeat.com, Monarch Casino & Resort presently has a consensus rating of "Hold" and a consensus target price of $88.60.
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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