Northern Trust Corp Raises Stock Holdings in Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

Northern Trust Corp raised its holdings in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) by 8.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 133,734 shares of the company's stock after acquiring an additional 10,697 shares during the quarter. Northern Trust Corp owned approximately 0.73% of Monarch Casino & Resort worth $10,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. DAVENPORT & Co LLC lifted its position in Monarch Casino & Resort by 1.6% during the fourth quarter. DAVENPORT & Co LLC now owns 1,256,305 shares of the company's stock valued at $98,696,000 after purchasing an additional 19,845 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Monarch Casino & Resort by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 1,003,709 shares of the company's stock valued at $79,193,000 after buying an additional 9,234 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Monarch Casino & Resort by 8.6% during the 4th quarter. JPMorgan Chase & Co. now owns 918,734 shares of the company's stock valued at $72,488,000 after acquiring an additional 72,764 shares during the period. American Century Companies Inc. grew its stake in shares of Monarch Casino & Resort by 9.3% during the 4th quarter. American Century Companies Inc. now owns 404,073 shares of the company's stock valued at $31,881,000 after acquiring an additional 34,384 shares during the period. Finally, Fuller & Thaler Asset Management Inc. purchased a new stake in Monarch Casino & Resort in the 4th quarter worth approximately $19,346,000. Institutional investors own 62.37% of the company's stock.

Monarch Casino & Resort Price Performance

Shares of MCRI stock traded down $1.52 during mid-day trading on Wednesday, hitting $81.00. The company had a trading volume of 91,502 shares, compared to its average volume of 115,783. Monarch Casino & Resort, Inc. has a 52-week low of $64.58 and a 52-week high of $96.11. The stock's 50 day moving average price is $78.45 and its 200-day moving average price is $82.41. The company has a market capitalization of $1.50 billion, a P/E ratio of 16.36 and a beta of 1.59.

Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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. On average, equities research analysts expect that Monarch Casino & Resort, Inc. will post 5.13 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Macquarie reaffirmed a "neutral" rating and set a $92.00 price target on shares of Monarch Casino & Resort in a report on Wednesday, April 23rd. Stifel Nicolaus decreased their price objective on shares of Monarch Casino & Resort from $90.00 to $81.00 and set a "hold" rating on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company lifted 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 cut their price target on 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. Finally, StockNews.com cut Monarch Casino & Resort from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 12th. One 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's stock. According to MarketBeat, Monarch Casino & Resort has an average rating of "Hold" and a consensus price target of $88.60.

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.