UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stake in Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) by 35.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,451 shares of the company's stock after acquiring an additional 6,700 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.14% of Monarch Casino & Resort worth $2,008,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. State of Wyoming raised its position in shares of Monarch Casino & Resort by 56.4% during the 4th quarter. State of Wyoming now owns 3,341 shares of the company's stock worth $264,000 after acquiring an additional 1,205 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Monarch Casino & Resort during the 4th quarter worth about $169,000. ProShare Advisors LLC raised its position 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 acquired a new stake in shares of Monarch Casino & Resort during the 4th quarter worth about $1,585,000. Finally, Nuveen Asset Management LLC raised its position in shares of Monarch Casino & Resort by 76.1% during the 4th quarter. Nuveen Asset Management LLC now owns 62,031 shares of the company's stock worth $4,894,000 after acquiring an additional 26,814 shares in the last quarter. Institutional investors and hedge funds own 62.37% of the company's stock.

Monarch Casino & Resort Price Performance

Shares of NASDAQ:MCRI traded down $0.55 during trading on Wednesday, reaching $84.96. The company had a trading volume of 69,837 shares, compared to its average volume of 114,547. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 17.16 and a beta of 1.54. The stock's fifty day moving average price is $79.60 and its 200 day moving average price is $82.51. Monarch Casino & Resort, Inc. has a fifty-two week low of $65.65 and a fifty-two week high of $96.11.

Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) last released its 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. The business had revenue of $125.39 million for the quarter, compared to analyst estimates of $122.70 million. Monarch Casino & Resort had a return on equity of 18.27% and a net margin of 18.01%. On average, equities analysts anticipate that Monarch Casino & Resort, Inc. will post 5.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MCRI shares. Truist Financial dropped their price target on Monarch Casino & Resort from $105.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Wall Street Zen upgraded Monarch Casino & Resort from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Stifel Nicolaus dropped their price target on 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 restated a "neutral" rating and set a $92.00 price target on shares of Monarch Casino & Resort in a research note on Wednesday, April 23rd. Finally, Wells Fargo & Company raised their price target on Monarch Casino & Resort from $79.00 to $82.00 and gave the stock an "underweight" rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Monarch Casino & Resort currently 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.