Monarch Casino & Resort, Inc. (NASDAQ:MCRI) Shares Purchased by Royce & Associates LP

Royce & Associates LP grew its stake in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,595 shares of the company’s stock after buying an additional 825 shares during the period. Royce & Associates LP owned 0.11% of Monarch Casino & Resort worth $1,546,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Heritage Family Offices LLP boosted its stake in shares of Monarch Casino & Resort by 7.0% during the fourth quarter. Heritage Family Offices LLP now owns 2,993 shares of the company’s stock valued at $236,000 after acquiring an additional 196 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in Monarch Casino & Resort by 0.9% in the 4th quarter. New York State Teachers Retirement System now owns 24,706 shares of the company’s stock valued at $1,949,000 after purchasing an additional 210 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Monarch Casino & Resort by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 9,948 shares of the company’s stock worth $785,000 after purchasing an additional 250 shares during the last quarter. KBC Group NV grew its holdings in shares of Monarch Casino & Resort by 67.8% during the fourth quarter. KBC Group NV now owns 980 shares of the company’s stock worth $77,000 after buying an additional 396 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position 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 during the last quarter. 62.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Jefferies Financial Group raised their target price on shares of Monarch Casino & Resort from $73.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, January 3rd. StockNews.com downgraded Monarch Casino & Resort from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 12th. Stifel Nicolaus upped their target price on Monarch Casino & Resort from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Wednesday, February 12th. 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 report on Tuesday, January 14th. Finally, Wells Fargo & Company upped 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 note on Wednesday, February 12th. One investment 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’s stock. Based on data from MarketBeat, Monarch Casino & Resort currently has a consensus rating of “Hold” and an average target price of $87.20.

Monarch Casino & Resort Trading Down 1.2 %

Shares of Monarch Casino & Resort stock opened at $81.17 on Friday. The business’s fifty day moving average price is $86.63 and its 200 day moving average price is $81.98. Monarch Casino & Resort, Inc. has a twelve month low of $64.50 and a twelve month high of $96.11. The stock has a market capitalization of $1.50 billion, a P/E ratio of 16.40 and a beta of 1.74.

Monarch Casino & Resort (NASDAQ:MCRI) 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 quarter in the previous year, the company posted $1.03 earnings per share. As a group, sell-side analysts predict that Monarch Casino & Resort, Inc. will post 5.13 EPS for the current year.

Insider Buying and Selling at Monarch Casino & Resort

In other Monarch Casino & Resort news, CEO John Farahi sold 1,000 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $77.70, for a total value of $77,700.00. Following the transaction, the chief executive officer now directly owns 528,436 shares of the company’s stock, valued at $41,059,477.20. This trade represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 24.94% of the stock is currently owned by corporate insiders.

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.