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

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

A number of other large investors also recently bought and sold shares of the stock. Alliancebernstein L.P. grew its position in shares of Monarch Casino & Resort by 0.8% during the 4th quarter. Alliancebernstein L.P. now owns 15,381 shares of the company's stock valued at $1,214,000 after acquiring an additional 121 shares during the period. New York State Teachers Retirement System grew its holdings in Monarch Casino & Resort by 0.9% in the fourth quarter. New York State Teachers Retirement System now owns 24,706 shares of the company's stock valued at $1,949,000 after purchasing an additional 210 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Monarch Casino & Resort by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,302 shares of the company's stock valued at $576,000 after buying an additional 273 shares in the last quarter. Heritage Family Offices LLP increased its position in shares of Monarch Casino & Resort by 9.3% in the first quarter. Heritage Family Offices LLP now owns 3,271 shares of the company's stock valued at $254,000 after buying an additional 278 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Monarch Casino & Resort by 1.1% during the 1st quarter. Rhumbline Advisers now owns 29,525 shares of the company's stock worth $2,296,000 after buying an additional 322 shares during the period. 62.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MCRI has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price objective on shares of Monarch Casino & Resort from $79.00 to $82.00 and gave the stock an "underweight" rating in a research report on Wednesday, February 12th. 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 cut their price objective on 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. Macquarie restated a "neutral" rating and issued a $92.00 target price on shares of Monarch Casino & Resort in a research report on Wednesday, April 23rd. Finally, Truist Financial dropped their price target on 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. One equities 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 stock. Based on data from MarketBeat.com, Monarch Casino & Resort currently has a consensus rating of "Hold" and a consensus target price of $88.60.

Monarch Casino & Resort Trading Up 1.2%

MCRI stock traded up $0.97 during mid-day trading on Friday, reaching $84.44. The company's stock had a trading volume of 83,509 shares, compared to its average volume of 115,410. The company's 50 day moving average is $79.03 and its two-hundred day moving average is $82.49. Monarch Casino & Resort, Inc. has a fifty-two week low of $65.65 and a fifty-two week high of $96.11. The stock has a market cap of $1.56 billion, a PE ratio of 17.06 and a beta of 1.54.

Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.05 earnings per share (EPS) for the quarter, beating 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 business had revenue of $125.39 million during the quarter, compared to analyst estimates of $122.70 million. On average, analysts forecast that Monarch Casino & Resort, Inc. will post 5.13 earnings per share for the current fiscal 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.