Fuller & Thaler Asset Management Inc. acquired a new position in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 245,194 shares of the company's stock, valued at approximately $19,346,000. Fuller & Thaler Asset Management Inc. owned 1.33% of Monarch Casino & Resort as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. DAVENPORT & Co LLC raised its position in shares of Monarch Casino & Resort by 1.6% during the 4th quarter. DAVENPORT & Co LLC now owns 1,256,305 shares of the company's stock valued at $98,696,000 after acquiring an additional 19,845 shares in the last quarter. Vanguard Group Inc. grew its position in Monarch Casino & Resort by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 1,003,709 shares of the company's stock worth $79,193,000 after purchasing an additional 9,234 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Monarch Casino & Resort by 8.6% during the 4th quarter. JPMorgan Chase & Co. now owns 918,734 shares of the company's stock valued at $72,488,000 after acquiring an additional 72,764 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Monarch Casino & Resort by 9.3% during the fourth quarter. American Century Companies Inc. now owns 404,073 shares of the company's stock valued at $31,881,000 after acquiring an additional 34,384 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Monarch Casino & Resort by 7.5% in the fourth quarter. Renaissance Technologies LLC now owns 138,000 shares of the company's stock valued at $10,888,000 after buying an additional 9,600 shares during the period. Hedge funds and other institutional investors own 62.37% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on MCRI shares. Wells Fargo & Company boosted their target price on Monarch Casino & Resort from $79.00 to $82.00 and gave the stock an "underweight" rating in a research report on Wednesday, February 12th. Jefferies Financial Group boosted their price target on Monarch Casino & Resort from $73.00 to $88.00 and gave the company a "hold" rating in a research note on Friday, January 3rd. Stifel Nicolaus reduced their target price on shares of Monarch Casino & Resort from $90.00 to $81.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. StockNews.com downgraded shares of Monarch Casino & Resort from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 12th. Finally, Truist Financial reduced their price target on shares of Monarch Casino & Resort from $105.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Monarch Casino & Resort has an average rating of "Hold" and a consensus price target of $88.60.
Read Our Latest Stock Analysis on MCRI
Monarch Casino & Resort Stock Performance
Shares of NASDAQ MCRI traded down $0.16 during mid-day trading on Wednesday, hitting $78.01. 16,672 shares of the stock were exchanged, compared to its average volume of 117,875. The company has a market cap of $1.44 billion, a P/E ratio of 15.76 and a beta of 1.57. The stock's fifty day simple moving average is $80.82 and its two-hundred day simple moving average is $82.05. Monarch Casino & Resort, Inc. has a twelve month low of $64.58 and a twelve month 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 company had revenue of $125.39 million for the quarter, compared to the consensus estimate of $122.70 million. Monarch Casino & Resort had a net margin of 18.01% and a return on equity of 18.27%. As a group, equities research analysts predict that Monarch Casino & Resort, Inc. will post 5.13 earnings per share for the current fiscal year.
Monarch Casino & Resort Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Sunday, June 1st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Friday, May 30th. Monarch Casino & Resort's payout ratio is 23.67%.
Monarch Casino & Resort Profile
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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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