O Shaughnessy Asset Management LLC Purchases Shares of 6,079 Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

O Shaughnessy Asset Management LLC bought a new stake in Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,079 shares of the company's stock, valued at approximately $480,000.

Several other hedge funds also recently bought and sold shares of the company. Jane Street Group LLC increased its holdings in shares of Monarch Casino & Resort by 518.8% during the 3rd quarter. Jane Street Group LLC now owns 117,072 shares of the company's stock valued at $9,280,000 after acquiring an additional 98,153 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Monarch Casino & Resort during the fourth quarter valued at about $6,118,000. JPMorgan Chase & Co. grew its position in shares of Monarch Casino & Resort by 8.6% in the fourth quarter. JPMorgan Chase & Co. now owns 918,734 shares of the company's stock valued at $72,488,000 after purchasing an additional 72,764 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Monarch Casino & Resort by 103.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 133,673 shares of the company's stock worth $10,547,000 after purchasing an additional 67,973 shares during the period. Finally, Norges Bank acquired a new position in shares of Monarch Casino & Resort during the 4th quarter worth about $3,653,000. 62.37% of the stock is owned by institutional investors and hedge funds.

Monarch Casino & Resort Trading Down 0.6 %

NASDAQ:MCRI traded down $0.49 during mid-day trading on Wednesday, hitting $74.68. The company's stock had a trading volume of 1,221 shares, compared to its average volume of 118,367. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 15.18 and a beta of 1.57. Monarch Casino & Resort, Inc. has a fifty-two week low of $64.50 and a fifty-two week high of $96.11. The stock has a fifty day moving average of $83.73 and a 200-day moving average of $82.09.

Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $1.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.23. Monarch Casino & Resort had a return on equity of 18.27% and a net margin of 18.01%. During the same period in the previous year, the firm posted $1.03 earnings per share. On average, equities analysts anticipate that Monarch Casino & Resort, Inc. will post 5.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on MCRI. Stifel Nicolaus lifted their price target on Monarch Casino & Resort from $80.00 to $90.00 and gave the stock a "hold" rating in a research report on Wednesday, February 12th. StockNews.com cut shares of Monarch Casino & Resort from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 12th. Truist Financial upgraded shares of Monarch Casino & Resort from a "hold" rating to a "buy" rating and raised their price target for the stock from $82.00 to $100.00 in a research report on Tuesday, January 14th. Jefferies Financial Group increased their target price on shares of Monarch Casino & Resort from $73.00 to $88.00 and gave the company a "hold" rating in a research note on Friday, January 3rd. Finally, Wells Fargo & Company lifted 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $87.20.

About Monarch Casino & Resort

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.