DAVENPORT & Co LLC Boosts Stock Position in Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

DAVENPORT & Co LLC grew its position in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRIFree Report) by 3.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,187,370 shares of the company’s stock after purchasing an additional 42,235 shares during the quarter. DAVENPORT & Co LLC owned 0.06% of Monarch Casino & Resort worth $82,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. State of Wyoming purchased a new position in shares of Monarch Casino & Resort during the 4th quarter valued at $28,000. Allspring Global Investments Holdings LLC increased its stake in Monarch Casino & Resort by 40.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 637 shares of the company’s stock worth $40,000 after acquiring an additional 184 shares during the last quarter. UBS Group AG increased its position in shares of Monarch Casino & Resort by 214.2% during the 3rd quarter. UBS Group AG now owns 1,458 shares of the company’s stock valued at $82,000 after purchasing an additional 994 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Monarch Casino & Resort by 30.0% during the 1st quarter. Captrust Financial Advisors now owns 1,593 shares of the company’s stock valued at $139,000 after purchasing an additional 368 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Monarch Casino & Resort by 29.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,367 shares of the company’s stock valued at $147,000 after purchasing an additional 537 shares during the last quarter. Hedge funds and other institutional investors own 62.37% of the company’s stock.

Monarch Casino & Resort Trading Down 1.4 %

NASDAQ MCRI traded down $1.07 on Tuesday, hitting $73.05. The company’s stock had a trading volume of 102,380 shares, compared to its average volume of 122,101. Monarch Casino & Resort, Inc. has a 52-week low of $56.25 and a 52-week high of $77.64. The company has a current ratio of 0.61, a quick ratio of 0.55 and a debt-to-equity ratio of 0.01. The company’s 50-day simple moving average is $70.29 and its 200 day simple moving average is $66.42. The firm has a market cap of $1.39 billion, a P/E ratio of 17.39 and a beta of 1.66.

Monarch Casino & Resort (NASDAQ:MCRIGet Free Report) last released its earnings results on Wednesday, February 14th. The company reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.11). Monarch Casino & Resort had a net margin of 16.44% and a return on equity of 17.41%. The firm had revenue of $128.19 million during the quarter, compared to analysts’ expectations of $119.33 million. Research analysts predict that Monarch Casino & Resort, Inc. will post 4.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on MCRI shares. Stifel Nicolaus reiterated a “hold” rating and set a $70.00 price objective on shares of Monarch Casino & Resort in a research report on Friday, January 5th. StockNews.com upgraded Monarch Casino & Resort from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. Finally, Truist Financial increased their target price on Monarch Casino & Resort from $72.00 to $74.00 and gave the company a “hold” rating in a report on Thursday, February 15th.

View Our Latest Report on Monarch Casino & Resort

Monarch Casino & Resort Company Profile

(Free Report)

Monarch Casino & Resort, Inc, through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada. It also owns and operates the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado. The company was incorporated in 1993 and is based in Reno, Nevada.

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Want to see what other hedge funds are holding MCRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monarch Casino & Resort, Inc. (NASDAQ:MCRIFree Report).

Institutional Ownership by Quarter for Monarch Casino & Resort (NASDAQ:MCRI)

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