BNP Paribas Financial Markets Buys 22,685 Shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

BNP Paribas Financial Markets increased its holdings in Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) by 304.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,131 shares of the company's stock after purchasing an additional 22,685 shares during the period. BNP Paribas Financial Markets owned 0.16% of Monarch Casino & Resort worth $2,377,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. DAVENPORT & Co LLC boosted its holdings 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 during the last quarter. Vanguard Group Inc. lifted its position in shares of 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 in the last quarter. JPMorgan Chase & Co. lifted its position 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. boosted its stake in 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 position in Monarch Casino & Resort during the fourth quarter valued at approximately $19,346,000. 62.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MCRI has been the topic of several recent research reports. Truist Financial decreased their price objective 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. Macquarie reaffirmed a "neutral" rating and set a $92.00 price target on shares of Monarch Casino & Resort in a research note on Wednesday, April 23rd. Wells Fargo & Company increased their price objective 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. StockNews.com downgraded shares of Monarch Casino & Resort from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 12th. Finally, Stifel Nicolaus decreased 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 research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $88.60.

Monarch Casino & Resort Trading Down 0.4%

Shares of NASDAQ MCRI traded down $0.30 during trading hours on Thursday, hitting $80.71. 3,775 shares of the company traded hands, compared to its average volume of 115,384. The company's 50 day moving average price is $78.37 and its 200 day moving average price is $82.40. Monarch Casino & Resort, Inc. has a 12 month low of $64.58 and a 12 month high of $96.11. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 16.30 and a beta of 1.59.

Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $122.70 million. Equities analysts anticipate that Monarch Casino & Resort, Inc. will post 5.13 EPS 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.