10,334 Shares in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) Acquired by Natixis Advisors LLC

Natixis Advisors LLC purchased a new position in Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,334 shares of the company's stock, valued at approximately $803,000. Natixis Advisors LLC owned about 0.06% of Monarch Casino & Resort as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. TD Private Client Wealth LLC increased its position in shares of Monarch Casino & Resort by 72.6% in the first quarter. TD Private Client Wealth LLC now owns 378 shares of the company's stock valued at $29,000 after acquiring an additional 159 shares during the period. Vestcor Inc purchased a new position in shares of Monarch Casino & Resort during the first quarter valued at about $58,000. Meeder Asset Management Inc. increased its position in shares of Monarch Casino & Resort by 45.3% during the first quarter. Meeder Asset Management Inc. now owns 1,139 shares of the company's stock valued at $89,000 after buying an additional 355 shares during the period. Golden State Wealth Management LLC increased its position in shares of Monarch Casino & Resort by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 1,332 shares of the company's stock valued at $104,000 after buying an additional 666 shares during the period. Finally, CWM LLC increased its position in shares of Monarch Casino & Resort by 264.7% during the first quarter. CWM LLC now owns 1,827 shares of the company's stock valued at $142,000 after buying an additional 1,326 shares during the period. 62.37% of the stock is owned by institutional investors.

Insider Activity at Monarch Casino & Resort

In other news, Director Craig F. Sullivan sold 12,200 shares of the company's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $105.55, for a total value of $1,287,710.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO John Farahi sold 2,000 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $105.78, for a total transaction of $211,560.00. Following the transaction, the chief executive officer owned 560,110 shares in the company, valued at approximately $59,248,435.80. This trade represents a 0.36% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 25.52% of the company's stock.

Monarch Casino & Resort Stock Up 0.6%

Shares of NASDAQ MCRI traded up $0.61 during midday trading on Thursday, hitting $101.72. The stock had a trading volume of 28,152 shares, compared to its average volume of 112,566. The business's 50 day moving average is $92.75 and its 200-day moving average is $86.08. The company has a market cap of $1.86 billion, a P/E ratio of 19.08 and a beta of 1.56. Monarch Casino & Resort, Inc. has a 52 week low of $69.99 and a 52 week high of $113.88.

Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) last issued its earnings results on Wednesday, July 16th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.22. The firm had revenue of $136.91 million for the quarter, compared to the consensus estimate of $129.76 million. Monarch Casino & Resort had a net margin of 18.70% and a return on equity of 18.99%. As a group, analysts expect that Monarch Casino & Resort, Inc. will post 5.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MCRI shares. Macquarie reiterated 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 boosted their price target on shares of Monarch Casino & Resort from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Stifel Nicolaus boosted their price target on shares of Monarch Casino & Resort from $81.00 to $92.00 and gave the company a "hold" rating in a research report on Thursday, July 17th. Wall Street Zen upgraded shares of Monarch Casino & Resort from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. Finally, Wells Fargo & Company upgraded shares of Monarch Casino & Resort from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $83.00 to $89.00 in a report on Thursday, July 17th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Monarch Casino & Resort currently has a consensus rating of "Hold" and a consensus target price of $93.20.

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.