GAMMA Investing LLC lifted its stake in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) by 9,017.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,693 shares of the company's stock after buying an additional 50,137 shares during the quarter. GAMMA Investing LLC owned approximately 0.27% of Monarch Casino & Resort worth $3,941,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also made changes to their positions in MCRI. Alliancebernstein L.P. raised its stake in shares of Monarch Casino & Resort by 0.8% during the fourth quarter. Alliancebernstein L.P. now owns 15,381 shares of the company's stock valued at $1,214,000 after purchasing an additional 121 shares in the last quarter. New York State Teachers Retirement System increased 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 worth $1,949,000 after buying an additional 210 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in 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 worth $576,000 after buying an additional 273 shares during the last quarter. State of Tennessee Department of Treasury grew its holdings in Monarch Casino & Resort by 3.0% during the fourth quarter. State of Tennessee Department of Treasury now owns 12,223 shares of the company's stock valued at $964,000 after purchasing an additional 361 shares during the last quarter. Finally, Lazard Asset Management LLC grew its stake in shares of Monarch Casino & Resort by 33.4% in the fourth quarter. Lazard Asset Management LLC now owns 2,954 shares of the company's stock worth $233,000 after acquiring an additional 740 shares during the last quarter. Institutional investors and hedge funds own 62.37% of the company's stock.
Monarch Casino & Resort Trading Down 2.1%
MCRI stock traded down $1.81 during mid-day trading on Friday, reaching $82.80. The company's stock had a trading volume of 141,440 shares, compared to its average volume of 114,283. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 16.73 and a beta of 1.54. The business's 50 day moving average price is $80.04 and its 200 day moving average price is $82.47. 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 earnings results on Tuesday, April 22nd. The company reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.04 by $0.01. The business had revenue of $125.39 million during the quarter, compared to the consensus estimate of $122.70 million. Monarch Casino & Resort had a return on equity of 18.27% and a net margin of 18.01%. As a group, equities analysts expect that Monarch Casino & Resort, Inc. will post 5.13 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on MCRI. Wall Street Zen raised Monarch Casino & Resort from a "hold" rating to a "buy" rating in a report 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 report on Wednesday, April 23rd. Macquarie restated a "neutral" rating and issued a $92.00 price target on shares of Monarch Casino & Resort in a research note on Wednesday, April 23rd. Finally, Truist Financial lowered their price objective on 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. 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. Based on data from MarketBeat, Monarch Casino & Resort currently has a consensus rating of "Hold" and an average price target of $88.60.
View Our Latest Stock Analysis on Monarch Casino & Resort
About Monarch Casino & Resort
(
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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