Brown Advisory Inc. Sells 7,827 Shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

Brown Advisory Inc. lowered its stake in Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 215,476 shares of the company's stock after selling 7,827 shares during the period. Brown Advisory Inc. owned approximately 1.17% of Monarch Casino & Resort worth $17,001,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Golden State Wealth Management LLC purchased a new position in Monarch Casino & Resort in the 4th quarter worth approximately $53,000. KBC Group NV raised its stake in shares of Monarch Casino & Resort by 67.8% during the fourth quarter. KBC Group NV now owns 980 shares of the company's stock valued at $77,000 after acquiring an additional 396 shares during the last quarter. Independence Bank of Kentucky purchased a new stake in Monarch Casino & Resort in the 4th quarter worth approximately $93,000. Nisa Investment Advisors LLC grew its position in shares of Monarch Casino & Resort by 30.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,693 shares of the company's stock worth $134,000 after buying an additional 400 shares during the last quarter. Finally, Bank of Montreal Can bought a new position in shares of Monarch Casino & Resort during the fourth quarter valued at approximately $202,000. Institutional investors own 62.37% of the company's stock.

Monarch Casino & Resort Stock Performance

Shares of NASDAQ:MCRI traded up $0.20 during trading on Friday, reaching $80.03. 61,537 shares of the stock traded hands, compared to its average volume of 117,468. The stock has a market cap of $1.48 billion, a P/E ratio of 16.17 and a beta of 1.59. The stock has a 50-day moving average of $78.96 and a two-hundred day moving average of $82.18. 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 issued its earnings results on Tuesday, April 22nd. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.04 by $0.01. The business had revenue of $125.39 million for the quarter, compared to the consensus estimate of $122.70 million. Monarch Casino & Resort had a return on equity of 18.27% and a net margin of 18.01%. Sell-side analysts expect that Monarch Casino & Resort, Inc. will post 5.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.