Monarch Casino & Resort, Inc. (NASDAQ:MCRI) President Bob Farahi sold 11,111 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $46.17, for a total transaction of $512,994.87. Following the sale, the president now directly owns 435,959 shares of the company’s stock, valued at approximately $20,128,227.03. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Bob Farahi also recently made the following trade(s):

  • On Friday, November 17th, Bob Farahi sold 3,000 shares of Monarch Casino & Resort stock. The stock was sold at an average price of $46.04, for a total transaction of $138,120.00.
  • On Wednesday, November 15th, Bob Farahi sold 4,101 shares of Monarch Casino & Resort stock. The stock was sold at an average price of $45.51, for a total transaction of $186,636.51.
  • On Friday, November 10th, Bob Farahi sold 2,020 shares of Monarch Casino & Resort stock. The stock was sold at an average price of $45.53, for a total transaction of $91,970.60.
  • On Wednesday, November 8th, Bob Farahi sold 91 shares of Monarch Casino & Resort stock. The stock was sold at an average price of $46.20, for a total transaction of $4,204.20.
  • On Monday, November 13th, Bob Farahi sold 10,111 shares of Monarch Casino & Resort stock. The stock was sold at an average price of $45.48, for a total transaction of $459,848.28.

Monarch Casino & Resort, Inc. (MCRI) traded up $0.44 during mid-day trading on Wednesday, reaching $46.48. 88,100 shares of the company were exchanged, compared to its average volume of 45,330. The firm has a market cap of $814.93, a PE ratio of 30.29 and a beta of 1.09. Monarch Casino & Resort, Inc. has a twelve month low of $23.10 and a twelve month high of $46.51. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.08 and a current ratio of 1.17.

Monarch Casino & Resort (NASDAQ:MCRI) last released its quarterly earnings data on Tuesday, October 24th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.02. The business had revenue of $63.03 million during the quarter, compared to analysts’ expectations of $60.05 million. Monarch Casino & Resort had a net margin of 11.99% and a return on equity of 11.25%. analysts predict that Monarch Casino & Resort, Inc. will post 1.51 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Monarch Casino & Resort, Inc. (MCRI) President Bob Farahi Sells 11,111 Shares of Stock” was reported by Watch List News and is the property of of Watch List News. If you are accessing this article on another domain, it was stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this article can be read at https://www.watchlistnews.com/monarch-casino-resort-inc-mcri-president-bob-farahi-sells-11111-shares-of-stock/1719933.html.

A number of hedge funds and other institutional investors have recently made changes to their positions in MCRI. Uniplan Investment Counsel Inc. increased its position in Monarch Casino & Resort by 40.3% in the 2nd quarter. Uniplan Investment Counsel Inc. now owns 319,068 shares of the company’s stock valued at $9,651,000 after acquiring an additional 91,659 shares during the period. EAM Investors LLC acquired a new position in Monarch Casino & Resort in the 3rd quarter valued at approximately $2,200,000. Vanguard Group Inc. increased its position in Monarch Casino & Resort by 10.4% in the 1st quarter. Vanguard Group Inc. now owns 580,692 shares of the company’s stock valued at $17,153,000 after acquiring an additional 54,762 shares during the period. Intrinsic Edge Capital Management LLC acquired a new position in Monarch Casino & Resort in the 2nd quarter valued at approximately $1,500,000. Finally, AJO LP acquired a new position in Monarch Casino & Resort in the 2nd quarter valued at approximately $1,416,000. Hedge funds and other institutional investors own 56.60% of the company’s stock.

A number of equities analysts recently issued reports on the stock. Union Gaming Research upgraded shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. UBS AG upgraded shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. Zacks Investment Research upgraded shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Wednesday, October 11th. ValuEngine cut shares of Monarch Casino & Resort from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, BidaskClub upgraded shares of Monarch Casino & Resort from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Monarch Casino & Resort currently has an average rating of “Buy” and a consensus target price of $53.25.

About Monarch Casino & Resort

Monarch Casino & Resort, Inc (Monarch), through its subsidiary, owns and operates the Atlantis Casino Resort Spa (the Atlantis), a hotel/casino facility in Reno, Nevada. The Company also owns and operates Monarch Casino Black Hawk. The Company’s segments include Atlantis and Monarch Casino Black Hawk.

Insider Buying and Selling by Quarter for Monarch Casino & Resort (NASDAQ:MCRI)

Receive News & Ratings for Monarch Casino & Resort Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monarch Casino & Resort Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.