Deutsche Bank AG raised its stake in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) by 45.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,160 shares of the company's stock after buying an additional 3,477 shares during the period. Deutsche Bank AG owned about 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 the stock. Golden State Wealth Management LLC bought a new position in shares of Monarch Casino & Resort during the 4th quarter valued at $53,000. KBC Group NV raised its holdings in shares of Monarch Casino & Resort by 67.8% during the 4th quarter. KBC Group NV now owns 980 shares of the company's stock valued at $77,000 after purchasing an additional 396 shares in the last quarter. Independence Bank of Kentucky bought a new position in Monarch Casino & Resort in the 4th quarter worth $93,000. Nisa Investment Advisors LLC raised its holdings in 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 acquiring an additional 400 shares during the period. Finally, Bank of Montreal Can bought a new position in Monarch Casino & Resort in the 4th quarter worth $202,000. Institutional investors and hedge funds own 62.37% of the company's stock.
Monarch Casino & Resort Stock Performance
Shares of NASDAQ:MCRI traded up $0.59 on Thursday, hitting $84.02. 86,114 shares of the company were exchanged, compared to its average volume of 115,565. The company's 50 day moving average price is $78.44 and its two-hundred day moving average price is $82.45. Monarch Casino & Resort, Inc. has a one year low of $64.94 and a one year high of $96.11. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 16.97 and a beta of 1.59.
Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.01. Monarch Casino & Resort had a net margin of 18.01% and a return on equity of 18.27%. The company had revenue of $125.39 million for the quarter, compared to the consensus estimate of $122.70 million. Research analysts predict that Monarch Casino & Resort, Inc. will post 5.13 earnings per share for the current year.
Analyst Upgrades and Downgrades
MCRI has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on shares of Monarch Casino & Resort from $79.00 to $82.00 and gave the stock an "underweight" rating in a report on Wednesday, February 12th. Wall Street Zen downgraded shares of Monarch Casino & Resort from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Macquarie reiterated a "neutral" rating and issued a $92.00 target price on shares of Monarch Casino & Resort in a report on Wednesday, April 23rd. Stifel Nicolaus dropped their target price on shares of Monarch Casino & Resort from $90.00 to $81.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Finally, Truist Financial dropped 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 report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $88.60.
Get Our Latest Report on MCRI
Monarch Casino & Resort Profile
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Free Report)
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.
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