Jackson Creek Investment Advisors LLC Purchases Shares of 19,219 Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

Jackson Creek Investment Advisors LLC purchased a new position in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 19,219 shares of the company’s stock, valued at approximately $1,516,000. Jackson Creek Investment Advisors LLC owned approximately 0.10% of Monarch Casino & Resort as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. HighTower Advisors LLC purchased a new stake in shares of Monarch Casino & Resort in the third quarter worth about $258,000. Barclays PLC boosted its position in shares of Monarch Casino & Resort by 108.2% during the 3rd quarter. Barclays PLC now owns 33,508 shares of the company’s stock valued at $2,656,000 after acquiring an additional 17,413 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Monarch Casino & Resort by 3.9% in the third quarter. Wellington Management Group LLP now owns 219,625 shares of the company’s stock valued at $17,410,000 after purchasing an additional 8,283 shares in the last quarter. Ritholtz Wealth Management bought a new stake in Monarch Casino & Resort in the fourth quarter worth $254,000. Finally, Versor Investments LP purchased a new stake in Monarch Casino & Resort during the third quarter valued at $230,000. Institutional investors own 62.37% of the company’s stock.

Monarch Casino & Resort Price Performance

Shares of NASDAQ:MCRI opened at $87.75 on Friday. Monarch Casino & Resort, Inc. has a 1 year low of $64.50 and a 1 year high of $96.11. The business has a 50 day simple moving average of $85.37 and a two-hundred day simple moving average of $81.30. The firm has a market capitalization of $1.61 billion, a PE ratio of 17.73 and a beta of 1.74.

Monarch Casino & Resort (NASDAQ:MCRI) last issued its quarterly 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 quarter last year, the company posted $1.03 earnings per share. Equities research analysts expect that Monarch Casino & Resort, Inc. will post 5.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MCRI has been the subject of a number of recent research reports. Truist Financial raised shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $82.00 to $100.00 in a research note on Tuesday, January 14th. 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. Jefferies Financial Group upped their price objective on Monarch Casino & Resort from $73.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, January 3rd. 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 report on Wednesday, February 12th. Finally, StockNews.com downgraded Monarch Casino & Resort from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Monarch Casino & Resort has a consensus rating of “Hold” and an average price target of $87.20.

Insider Transactions at Monarch Casino & Resort

In related news, CEO John Farahi sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $77.70, for a total value of $77,700.00. Following the completion of the sale, the chief executive officer now owns 528,436 shares in the company, valued at approximately $41,059,477.20. The trade was a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 24.94% of the company’s stock.

Monarch Casino & Resort 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.