UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) by 35.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,451 shares of the company's stock after buying an additional 6,700 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.14% of Monarch Casino & Resort worth $2,008,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. State of Wyoming boosted its position in shares of Monarch Casino & Resort by 56.4% during the fourth quarter. State of Wyoming now owns 3,341 shares of the company's stock worth $264,000 after buying an additional 1,205 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Monarch Casino & Resort during the 4th quarter worth approximately $169,000. ProShare Advisors LLC grew its stake in shares of Monarch Casino & Resort by 44.4% during the 4th quarter. ProShare Advisors LLC now owns 3,862 shares of the company's stock worth $305,000 after acquiring an additional 1,188 shares in the last quarter. Quantedge Capital Pte Ltd bought a new position in shares of Monarch Casino & Resort during the 4th quarter worth approximately $1,585,000. Finally, Nuveen Asset Management LLC raised its holdings in shares of Monarch Casino & Resort by 76.1% in the fourth quarter. Nuveen Asset Management LLC now owns 62,031 shares of the company's stock valued at $4,894,000 after purchasing an additional 26,814 shares during the last quarter. Institutional investors and hedge funds own 62.37% of the company's stock.
Monarch Casino & Resort Stock Performance
Monarch Casino & Resort stock traded up $0.38 during midday trading on Monday, reaching $84.82. 59,940 shares of the company's stock were exchanged, compared to its average volume of 115,301. The stock's 50-day simple moving average is $79.03 and its 200 day simple moving average is $82.47. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 17.14 and a beta of 1.54. Monarch Casino & Resort, Inc. has a 52 week low of $65.65 and a 52 week 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 EPS for the quarter, topping the consensus estimate of $1.04 by $0.01. Monarch Casino & Resort had a return on equity of 18.27% and a net margin of 18.01%. The company had revenue of $125.39 million during the quarter, compared to the consensus estimate of $122.70 million. Research analysts forecast that Monarch Casino & Resort, Inc. will post 5.13 earnings per share for the current year.
Analyst Upgrades and Downgrades
MCRI has been the subject of a number of analyst reports. Wells Fargo & Company raised 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 report on Wednesday, February 12th. Stifel Nicolaus decreased 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. Wall Street Zen upgraded Monarch Casino & Resort from a "hold" rating to a "buy" rating in a report on Friday, May 30th. 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 target 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 equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Monarch Casino & Resort has an average rating of "Hold" and an average price target of $88.60.
Check Out Our Latest Research Report 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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