Deutsche Bank AG Acquires 3,477 Shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

Deutsche Bank AG lifted its position in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) by 45.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,160 shares of the company's stock after purchasing an additional 3,477 shares during the period. Deutsche Bank AG owned 0.06% of Monarch Casino & Resort worth $881,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MCRI. Barclays PLC boosted its holdings in shares of Monarch Casino & Resort by 108.2% during the third quarter. Barclays PLC now owns 33,508 shares of the company's stock worth $2,656,000 after purchasing an additional 17,413 shares during the period. Nisa Investment Advisors LLC raised its stake in Monarch Casino & Resort by 30.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,693 shares of the company's stock worth $134,000 after buying an additional 400 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in Monarch Casino & Resort by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 9,948 shares of the company's stock worth $785,000 after buying an additional 250 shares in the last quarter. KBC Group NV raised its stake in Monarch Casino & Resort by 67.8% in the fourth quarter. KBC Group NV now owns 980 shares of the company's stock worth $77,000 after buying an additional 396 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in Monarch Casino & Resort by 49.8% in the fourth quarter. Pacer Advisors Inc. now owns 2,760 shares of the company's stock worth $218,000 after buying an additional 917 shares in the last quarter. 62.37% of the stock is currently owned by hedge funds and other institutional investors.

Monarch Casino & Resort Trading Down 0.2%

NASDAQ:MCRI traded down $0.17 during trading hours on Friday, reaching $83.85. The company had a trading volume of 105,451 shares, compared to its average volume of 115,385. Monarch Casino & Resort, Inc. has a 52 week low of $65.65 and a 52 week high of $96.11. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 16.94 and a beta of 1.59. The firm's 50 day moving average price is $78.55 and its 200-day moving average price is $82.45.

Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.01. The business had revenue of $125.39 million for the quarter, compared to analysts' expectations of $122.70 million. Monarch Casino & Resort had a net margin of 18.01% and a return on equity of 18.27%. On average, analysts forecast that Monarch Casino & Resort, Inc. will post 5.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MCRI. Wells Fargo & Company raised their target price on shares of Monarch Casino & Resort from $79.00 to $82.00 and gave the company an "underweight" rating in a research note on Wednesday, February 12th. Truist Financial decreased their target price on shares of Monarch Casino & Resort from $105.00 to $100.00 and set a "buy" rating for the company in a research note 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. Macquarie reaffirmed a "neutral" rating and set a $92.00 target price on shares of Monarch Casino & Resort in a research note on Wednesday, April 23rd. Finally, Stifel Nicolaus decreased their target price 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 research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Monarch Casino & Resort currently has an average rating of "Hold" and a consensus 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.