Voya Investment Management LLC Has $3.57 Million Holdings in Monarch Casino & Resort, Inc. $MCRI

Voya Investment Management LLC lifted its stake in Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) by 20.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,873 shares of the company's stock after buying an additional 7,816 shares during the period. Voya Investment Management LLC owned about 0.25% of Monarch Casino & Resort worth $3,567,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. TD Private Client Wealth LLC grew its holdings in Monarch Casino & Resort by 72.6% during the first quarter. TD Private Client Wealth LLC now owns 378 shares of the company's stock worth $29,000 after purchasing an additional 159 shares during the period. Vestcor Inc acquired a new stake in shares of Monarch Casino & Resort in the 1st quarter worth about $58,000. Meeder Asset Management Inc. increased its stake in Monarch Casino & Resort by 45.3% in the 1st quarter. Meeder Asset Management Inc. now owns 1,139 shares of the company's stock valued at $89,000 after buying an additional 355 shares during the last quarter. Golden State Wealth Management LLC increased its stake in shares of Monarch Casino & Resort by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 1,332 shares of the company's stock worth $104,000 after purchasing an additional 666 shares during the last quarter. Finally, CWM LLC boosted its holdings in Monarch Casino & Resort by 264.7% in the 1st quarter. CWM LLC now owns 1,827 shares of the company's stock worth $142,000 after buying an additional 1,326 shares during the period. 62.37% of the stock is currently owned by institutional investors.

Monarch Casino & Resort Stock Down 0.3%

Shares of NASDAQ:MCRI opened at $102.22 on Friday. Monarch Casino & Resort, Inc. has a fifty-two week low of $69.99 and a fifty-two week high of $113.88. The firm's 50 day moving average price is $101.67 and its 200 day moving average price is $88.64. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 19.21 and a beta of 1.49.

Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) last released its earnings results on Wednesday, July 16th. The company reported $1.44 EPS for the quarter, beating analysts' consensus estimates of $1.22 by $0.22. The company had revenue of $136.91 million during the quarter, compared to the consensus estimate of $129.76 million. Monarch Casino & Resort had a return on equity of 18.99% and a net margin of 18.70%. On average, equities analysts anticipate that Monarch Casino & Resort, Inc. will post 5.13 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on MCRI shares. Stifel Nicolaus boosted their price objective on shares of Monarch Casino & Resort from $81.00 to $92.00 and gave the company a "hold" rating in a research report on Thursday, July 17th. Wells Fargo & Company raised shares of Monarch Casino & Resort from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $83.00 to $89.00 in a report on Thursday, July 17th. Zacks Research downgraded shares of Monarch Casino & Resort from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 15th. 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. Finally, Truist Financial increased 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 report on Wednesday, July 16th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, Monarch Casino & Resort has an average rating of "Hold" and an average target price of $93.20.

Insider Activity at Monarch Casino & Resort

In other Monarch Casino & Resort news, Director Craig F. Sullivan sold 12,200 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $105.55, for a total value of $1,287,710.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO John Farahi sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $105.78, for a total value of $211,560.00. Following the transaction, the chief executive officer owned 560,110 shares of the company's stock, valued at $59,248,435.80. This trade represents a 0.36% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 25.52% of the company's stock.

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.

Want to see what other hedge funds are holding MCRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.