Jump Financial LLC Makes New $452,000 Investment in Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

Jump Financial LLC purchased a new stake in Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,731 shares of the company's stock, valued at approximately $452,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in Monarch Casino & Resort during the fourth quarter worth about $53,000. KBC Group NV raised its stake in shares of Monarch Casino & Resort by 67.8% during the 4th quarter. KBC Group NV now owns 980 shares of the company's stock worth $77,000 after purchasing an additional 396 shares in the last quarter. Independence Bank of Kentucky acquired a new stake in shares of Monarch Casino & Resort in the 4th quarter valued at approximately $93,000. Nisa Investment Advisors LLC grew its stake in shares of Monarch Casino & Resort by 30.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,693 shares of the company's stock valued at $134,000 after buying an additional 400 shares in the last quarter. Finally, Bank of Montreal Can acquired a new position in Monarch Casino & Resort during the fourth quarter worth $202,000. Institutional investors and hedge funds own 62.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MCRI shares. Wells Fargo & Company lifted their price objective on shares of Monarch Casino & Resort from $79.00 to $82.00 and gave the company an "underweight" rating in a research report on Wednesday, February 12th. Truist Financial reduced their price target on Monarch Casino & Resort from $105.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. StockNews.com cut Monarch Casino & Resort from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 12th. Macquarie reissued a "neutral" rating and set a $92.00 target price on shares of Monarch Casino & Resort in a report on Wednesday, April 23rd. Finally, 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $88.60.

Monarch Casino & Resort Price Performance

MCRI traded up $0.02 during trading on Wednesday, hitting $78.19. The stock had a trading volume of 102,294 shares, compared to its average volume of 118,219. The company has a 50 day moving average price of $80.60 and a 200-day moving average price of $82.02. Monarch Casino & Resort, Inc. has a one year low of $64.58 and a one year high of $96.11. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 15.80 and a beta of 1.57.

Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) last announced 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. Monarch Casino & Resort had a net margin of 18.01% and a return on equity of 18.27%. The company had revenue of $125.39 million during the quarter, compared to analysts' expectations of $122.70 million. As a group, sell-side analysts predict that Monarch Casino & Resort, Inc. will post 5.13 EPS 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.