1 day Ago By ABMN Staff
Trexquant Investment LP acquired a new position in shares of Monarch Casino & Resort, Inc. ( NASDAQ:MCRI – Free Report ) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,512 shares of the company’s stock, valued at approximately $356,000.
Several other large investors also recently modified their holdings of the stock. Golden State Wealth Management LLC acquired a new stake in Monarch Casino & Resort during the fourth quarter worth approximately $53,000. KBC Group NV increased its position in 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 buying an additional 396 shares during the period. Independence Bank of Kentucky bought a new stake in shares of Monarch Casino & Resort in the fourth quarter valued at about $93,000.
Nisa Investment Advisors LLC increased its position in Monarch Casino & Resort by 30.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,693 shares of the company’s stock worth $134,000 after acquiring an additional 400 shares during the period.
Finally, Pacer Advisors Inc. boosted its holdings in Monarch Casino & Resort by 49.8% in the 4th quarter.
Pacer Advisors Inc. now owns 2,760 shares of the company’s stock valued at $218,000 after purchasing an additional 917 shares during the period. 62.
37% of the stock is owned by institutional investors. Analyst Upgrades and Downgrades A number of equities research analysts recently issued reports on MCRI shares. Wells Fargo & Company increased their price target 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. Stifel Nicolaus increased their price objective on shares of Monarch Casino & Resort from $80.
00 to $90.00 and gave the stock a “hold” rating in a research note on Wednesday, February 12th. Jefferies Financial Group boosted 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 report on Friday, January 3rd. 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. Finally, Truist Financial upgraded Monarch Casino & Resort from a “hold” rating to a “buy” rating and lifted their price target for the company from $82.00 to $100.
00 in a research note on Tuesday, January 14th. One 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $87.
20. Monarch Casino & Resort Price Performance Shares of NASDAQ MCRI opened at $74.62 on Monday.
The company has a 50 day simple moving average of $84.21 and a 200 day simple moving average of $82.18.
Monarch Casino & Resort, Inc. has a 1 year low of $64.50 and a 1 year high of $96.
11. The firm has a market cap of $1.38 billion, a PE ratio of 15.
07 and a beta of 1.57. Monarch Casino & Resort ( NASDAQ:MCRI – Get Free Report ) last issued its quarterly earnings data on Tuesday, February 11th.
The company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.
23. Monarch Casino & Resort had a net margin of 18.01% and a return on equity of 18.
27%. During the same period in the previous year, the business earned $1.03 EPS.
As a group, research analysts anticipate that Monarch Casino & Resort, Inc. will post 5.13 earnings per share for the current fiscal year.
Monarch Casino & Resort Profile ( 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. Featured Articles Receive News & Ratings for Monarch Casino & Resort Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monarch Casino & Resort and related companies with MarketBeat.
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