Teacher Retirement System of Texas Trims Holdings in Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

Teacher Retirement System of Texas decreased its position in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) by 31.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 74,993 shares of the company's stock after selling 33,619 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.41% of Monarch Casino & Resort worth $5,831,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Monarch Casino & Resort by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 1,003,709 shares of the company's stock valued at $79,193,000 after purchasing an additional 9,234 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Monarch Casino & Resort by 8.6% during the fourth quarter. JPMorgan Chase & Co. now owns 918,734 shares of the company's stock worth $72,488,000 after acquiring an additional 72,764 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Monarch Casino & Resort by 9.3% during the fourth quarter. American Century Companies Inc. now owns 404,073 shares of the company's stock worth $31,881,000 after acquiring an additional 34,384 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Monarch Casino & Resort during the fourth quarter worth approximately $19,346,000. Finally, Renaissance Technologies LLC raised its position in Monarch Casino & Resort by 7.5% in the 4th quarter. Renaissance Technologies LLC now owns 138,000 shares of the company's stock worth $10,888,000 after purchasing an additional 9,600 shares during the period. 62.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MCRI. Wall Street Zen downgraded Monarch Casino & Resort from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Stifel Nicolaus decreased 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 research note on Wednesday, April 23rd. Macquarie reaffirmed a "neutral" rating and issued a $92.00 target price on shares of Monarch Casino & Resort in a research note on Wednesday, April 23rd. Finally, Truist Financial decreased 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 research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $88.60.

Monarch Casino & Resort Stock Up 0.5%

NASDAQ:MCRI traded up $0.44 during trading hours on Thursday, hitting $89.32. 118,313 shares of the stock traded hands, compared to its average volume of 103,436. Monarch Casino & Resort, Inc. has a 1 year low of $67.14 and a 1 year high of $96.11. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 17.62 and a beta of 1.54. The stock has a 50 day moving average price of $83.96 and a 200 day moving average price of $82.80.

Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.01. The company had revenue of $125.39 million for the quarter, compared to analysts' expectations of $122.70 million. Monarch Casino & Resort had a return on equity of 18.53% and a net margin of 18.19%. Equities analysts forecast that Monarch Casino & Resort, Inc. will post 5.13 earnings per share for the current fiscal year.

About Monarch Casino & Resort

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.