Monarch Casino & Resort, Inc. (NASDAQ:MCRI) Shares Purchased by Annex Advisory Services LLC

Annex Advisory Services LLC increased its holdings in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) by 42.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,747 shares of the company's stock after purchasing an additional 6,794 shares during the quarter. Annex Advisory Services LLC owned 0.12% of Monarch Casino & Resort worth $1,769,000 at the end of the most recent reporting period.

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

Monarch Casino & Resort Price Performance

MCRI traded up $0.38 during trading on Monday, hitting $84.82. The company's stock had a trading volume of 59,940 shares, compared to its average volume of 115,301. The stock has a market cap of $1.57 billion, a PE ratio of 17.14 and a beta of 1.54. The firm's 50 day moving average price is $79.03 and its 200-day moving average price is $82.47. Monarch Casino & Resort, Inc. has a twelve month low of $65.65 and a twelve month high of $96.11.

Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.01. The company had revenue of $125.39 million during the quarter, compared to the consensus estimate of $122.70 million. Monarch Casino & Resort had a net margin of 18.01% and a return on equity of 18.27%. Equities analysts anticipate that Monarch Casino & Resort, Inc. will post 5.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Wells Fargo & Company increased their price objective 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. Truist Financial reduced their price target on shares of Monarch Casino & Resort from $105.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Wall Street Zen raised shares of Monarch Casino & Resort from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Stifel Nicolaus dropped their price target on 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. Finally, Macquarie restated a "neutral" rating and issued a $92.00 price objective on shares of Monarch Casino & Resort in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Monarch Casino & Resort presently has a consensus rating of "Hold" and an average target price of $88.60.

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.