GHP Investment Advisors Inc. Has $861,000 Holdings in Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

GHP Investment Advisors Inc. grew its stake in Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) by 45.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,075 shares of the company's stock after buying an additional 3,467 shares during the quarter. GHP Investment Advisors Inc. owned 0.06% of Monarch Casino & Resort worth $861,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MCRI. Principal Financial Group Inc. lifted its position in shares of Monarch Casino & Resort by 3.3% in the fourth quarter. Principal Financial Group Inc. now owns 67,166 shares of the company's stock worth $5,299,000 after purchasing an additional 2,144 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Monarch Casino & Resort during the fourth quarter worth $521,000. Charles Schwab Investment Management Inc. raised its position in Monarch Casino & Resort by 5.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 118,512 shares of the company's stock worth $9,351,000 after acquiring an additional 5,674 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Monarch Casino & Resort during the fourth quarter worth $6,118,000. Finally, Jackson Creek Investment Advisors LLC bought a new stake in Monarch Casino & Resort during the fourth quarter worth $1,516,000. Institutional investors and hedge funds own 62.37% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on MCRI. Wall Street Zen raised shares of Monarch Casino & Resort from a "hold" rating to a "buy" rating in a research report on Friday. 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. Truist Financial dropped their price target 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. Finally, Stifel Nicolaus dropped their price target 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 issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $88.60.

Monarch Casino & Resort Stock Up 1.0%

Shares of MCRI traded up $0.90 during trading hours on Friday, hitting $87.18. The company had a trading volume of 132,642 shares, compared to its average volume of 108,042. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 17.20 and a beta of 1.54. The business has a fifty day moving average of $82.06 and a 200-day moving average of $82.41. Monarch Casino & Resort, Inc. has a 12 month low of $65.65 and a 12 month high of $96.11.

Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.01. The company had revenue of $125.39 million for the quarter, compared to analyst estimates of $122.70 million. Monarch Casino & Resort had a net margin of 18.19% and a return on equity of 18.53%. On average, equities analysts expect 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.