7,477 Shares in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) Acquired by Freestone Grove Partners LP

Freestone Grove Partners LP bought a new stake in Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,477 shares of the company's stock, valued at approximately $590,000.

A number of other large investors have also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. acquired a new position in Monarch Casino & Resort during the fourth quarter worth $19,346,000. Raymond James Financial Inc. acquired a new position in shares of Monarch Casino & Resort during the 4th quarter worth about $6,118,000. JPMorgan Chase & Co. grew its holdings in shares of Monarch Casino & Resort by 8.6% in the 4th quarter. JPMorgan Chase & Co. now owns 918,734 shares of the company's stock valued at $72,488,000 after acquiring an additional 72,764 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Monarch Casino & Resort by 103.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 133,673 shares of the company's stock valued at $10,547,000 after acquiring an additional 67,973 shares during the last quarter. Finally, Orvieto Partners L.P. bought a new stake in Monarch Casino & Resort during the fourth quarter worth about $4,994,000. Institutional investors and hedge funds own 62.37% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on MCRI. Macquarie reaffirmed a "neutral" rating and set a $92.00 price target on shares of Monarch Casino & Resort in a research report on Wednesday, April 23rd. StockNews.com cut shares of Monarch Casino & Resort from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 12th. Stifel Nicolaus dropped their target price on shares of Monarch Casino & Resort from $90.00 to $81.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Truist Financial reduced their price target on Monarch Casino & Resort from $105.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company upped their price objective on Monarch Casino & Resort from $79.00 to $82.00 and gave the company an "underweight" rating in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Monarch Casino & Resort presently has an average rating of "Hold" and an average target price of $88.60.

Monarch Casino & Resort Stock Performance

Shares of NASDAQ MCRI traded up $0.94 during trading hours on Wednesday, reaching $79.40. 66,098 shares of the stock were exchanged, compared to its average volume of 117,675. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 16.04 and a beta of 1.59. The stock's fifty day simple moving average is $79.62 and its 200 day simple moving average is $82.12. 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 posted its earnings results on Tuesday, April 22nd. The company reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.04 by $0.01. Monarch Casino & Resort had a return on equity of 18.27% and a net margin of 18.01%. The company had revenue of $125.39 million during the quarter, compared to the consensus estimate of $122.70 million. Research analysts predict that Monarch Casino & Resort, Inc. will post 5.13 EPS for the current fiscal year.

Monarch Casino & Resort Company 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.