Nuveen Asset Management LLC Increases Holdings in Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

Nuveen Asset Management LLC lifted its stake in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) by 76.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 62,031 shares of the company's stock after buying an additional 26,814 shares during the quarter. Nuveen Asset Management LLC owned about 0.34% of Monarch Casino & Resort worth $4,894,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. bought a new stake in Monarch Casino & Resort in the 4th quarter valued at about $19,346,000. Raymond James Financial Inc. bought a new stake in shares of Monarch Casino & Resort in the 4th quarter worth approximately $6,118,000. JPMorgan Chase & Co. lifted its stake in Monarch Casino & Resort by 8.6% in the fourth quarter. JPMorgan Chase & Co. now owns 918,734 shares of the company's stock valued at $72,488,000 after purchasing an additional 72,764 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Monarch Casino & Resort by 103.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 133,673 shares of the company's stock valued at $10,547,000 after purchasing an additional 67,973 shares during the last quarter. Finally, Orvieto Partners L.P. bought a new position in Monarch Casino & Resort during the fourth quarter valued at $4,994,000. Institutional investors and hedge funds own 62.37% of the company's stock.

Monarch Casino & Resort Trading Down 1.0%

Shares of Monarch Casino & Resort stock traded down $0.85 during trading on Wednesday, hitting $84.07. The stock had a trading volume of 3,957 shares, compared to its average volume of 103,567. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 16.98 and a beta of 1.59. The business's 50-day moving average is $78.69 and its 200 day moving average 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 announced its earnings results on Tuesday, April 22nd. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.01. The business had revenue of $125.39 million during the quarter, compared to analyst estimates of $122.70 million. Monarch Casino & Resort had a net margin of 18.01% and a return on equity of 18.27%. As a group, equities analysts expect that Monarch Casino & Resort, Inc. will post 5.13 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MCRI. Wells Fargo & Company upped their price target on Monarch Casino & Resort from $79.00 to $82.00 and gave the company an "underweight" rating in a research report on Wednesday, February 12th. Macquarie reiterated a "neutral" rating and set a $92.00 target price on shares of Monarch Casino & Resort in a research report on Wednesday, April 23rd. Truist Financial lowered 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. Wall Street Zen raised shares of Monarch Casino & Resort from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Finally, Stifel Nicolaus reduced their price objective 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 given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price 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.