Voloridge Investment Management LLC Has $824,000 Position in Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

Voloridge Investment Management LLC lowered its position in Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) by 56.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,441 shares of the company's stock after selling 13,341 shares during the period. Voloridge Investment Management LLC owned 0.06% of Monarch Casino & Resort worth $824,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MCRI. State of Wyoming lifted its position in shares of Monarch Casino & Resort by 56.4% in 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 last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Monarch Casino & Resort in the 4th quarter worth approximately $169,000. ProShare Advisors LLC lifted its holdings in Monarch Casino & Resort by 44.4% in the 4th quarter. ProShare Advisors LLC now owns 3,862 shares of the company's stock worth $305,000 after purchasing an additional 1,188 shares during the last quarter. Quantedge Capital Pte Ltd acquired a new stake in Monarch Casino & Resort in the 4th quarter worth approximately $1,585,000. Finally, Nuveen Asset Management LLC boosted its position in Monarch Casino & Resort by 76.1% during the fourth quarter. Nuveen Asset Management LLC now owns 62,031 shares of the company's stock worth $4,894,000 after purchasing an additional 26,814 shares during the period. Institutional investors own 62.37% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on MCRI shares. Wall Street Zen upgraded shares of Monarch Casino & Resort from a "hold" rating to a "buy" rating in a research note on Friday. Truist Financial dropped their target price on shares of Monarch Casino & Resort from $105.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Macquarie restated a "neutral" rating and set a $92.00 price target on shares of Monarch Casino & Resort in a report on Wednesday, April 23rd. Wells Fargo & Company raised their price target on Monarch Casino & Resort from $79.00 to $82.00 and gave the company an "underweight" rating in a research report on Wednesday, February 12th. Finally, Stifel Nicolaus cut their price objective on Monarch Casino & Resort from $90.00 to $81.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $88.60.

Monarch Casino & Resort Stock Down 0.2%

Monarch Casino & Resort stock traded down $0.17 during mid-day trading on Friday, reaching $83.85. The company had a trading volume of 105,451 shares, compared to its average volume of 115,385. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 16.94 and a beta of 1.59. The company has a 50 day moving average of $78.55 and a 200-day moving average of $82.46. 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 announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.05 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 business had revenue of $125.39 million during the quarter, compared to analyst estimates of $122.70 million. On average, analysts predict that Monarch Casino & Resort, Inc. will post 5.13 earnings per share for the current fiscal year.

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.