VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 26,055 shares of the company's stock, valued at approximately $2,252,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.14% of Monarch Casino & Resort at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Illinois Municipal Retirement Fund raised its position in shares of Monarch Casino & Resort by 3.9% in the first quarter. Illinois Municipal Retirement Fund now owns 6,766 shares of the company's stock valued at $526,000 after buying an additional 254 shares in the last quarter. GHP Investment Advisors Inc. raised its position in shares of Monarch Casino & Resort by 45.6% in the first quarter. GHP Investment Advisors Inc. now owns 11,075 shares of the company's stock valued at $861,000 after buying an additional 3,467 shares in the last quarter. Hsbc Holdings PLC bought a new position in Monarch Casino & Resort in the first quarter valued at approximately $319,000. Golden State Wealth Management LLC increased its stake in Monarch Casino & Resort by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 1,332 shares of the company's stock valued at $104,000 after acquiring an additional 666 shares during the last quarter. Finally, Raymond James Financial Inc. increased its stake in Monarch Casino & Resort by 9.2% in the first quarter. Raymond James Financial Inc. now owns 84,655 shares of the company's stock valued at $6,582,000 after acquiring an additional 7,115 shares during the last quarter. 62.37% of the stock is currently owned by institutional investors and hedge funds.
Monarch Casino & Resort Price Performance
Shares of Monarch Casino & Resort stock opened at $97.21 on Wednesday. Monarch Casino & Resort, Inc. has a fifty-two week low of $69.99 and a fifty-two week high of $113.88. The firm has a market capitalization of $1.78 billion, a P/E ratio of 18.27 and a beta of 1.49. The company's 50 day moving average price is $101.66 and its two-hundred day moving average price is $91.50.
Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) last issued its earnings results on Tuesday, October 21st. The company reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.06. Monarch Casino & Resort had a net margin of 18.70% and a return on equity of 18.99%. The firm had revenue of $142.81 million for the quarter, compared to analyst estimates of $145.54 million. On average, analysts expect that Monarch Casino & Resort, Inc. will post 5.13 earnings per share for the current year.
Analyst Ratings Changes
A number of research analysts recently issued reports on MCRI shares. Truist Financial lifted their price objective on shares of Monarch Casino & Resort from $100.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Weiss Ratings reissued a "buy (b)" rating on shares of Monarch Casino & Resort in a research note on Tuesday, October 14th. Wells Fargo & Company raised shares of Monarch Casino & Resort from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $83.00 to $89.00 in a research note on Thursday, July 17th. Zacks Research cut shares of Monarch Casino & Resort from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 15th. Finally, Wall Street Zen raised shares of Monarch Casino & Resort from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, Monarch Casino & Resort has an average rating of "Hold" and a consensus target price of $93.20.
Read Our Latest Stock Analysis on Monarch Casino & Resort
Monarch Casino & Resort Company Profile
(
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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