Epoch Investment Partners Inc. Sells 16,598 Shares of Monarch Casino & Resort, Inc. $MCRI

Epoch Investment Partners Inc. decreased its holdings in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 45.7% in the first quarter, Holdings Channel reports. The fund owned 19,691 shares of the company’s stock after selling 16,598 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Monarch Casino & Resort were worth $1,531,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in MCRI. TD Private Client Wealth LLC lifted its holdings in shares of Monarch Casino & Resort by 72.6% in the 1st quarter. TD Private Client Wealth LLC now owns 378 shares of the company’s stock valued at $29,000 after acquiring an additional 159 shares during the last quarter. Vestcor Inc bought a new position in shares of Monarch Casino & Resort in the 1st quarter valued at about $58,000. Meeder Asset Management Inc. lifted its holdings in shares of Monarch Casino & Resort by 45.3% in the 1st quarter. Meeder Asset Management Inc. now owns 1,139 shares of the company’s stock valued at $89,000 after acquiring an additional 355 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Monarch Casino & Resort by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 1,332 shares of the company’s stock valued at $104,000 after acquiring an additional 666 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of Monarch Casino & Resort by 264.7% in the 1st quarter. CWM LLC now owns 1,827 shares of the company’s stock valued at $142,000 after acquiring an additional 1,326 shares during the last quarter. Institutional investors own 62.37% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on MCRI shares. Wall Street Zen raised shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research note on Sunday, July 13th. Stifel Nicolaus raised their price objective on shares of Monarch Casino & Resort from $81.00 to $92.00 and gave the stock a “hold” rating in a research note on Thursday, July 17th. Wells Fargo & Company raised shares of Monarch Casino & Resort from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $83.00 to $89.00 in a research note on Thursday, July 17th. Finally, Truist Financial raised their price objective on shares of Monarch Casino & Resort from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Monarch Casino & Resort presently has a consensus rating of “Hold” and a consensus target price of $93.20.

Monarch Casino & Resort Stock Performance

Shares of NASDAQ:MCRI opened at $105.49 on Thursday. The firm has a market cap of $1.93 billion, a PE ratio of 19.83 and a beta of 1.56. The firm’s 50 day simple moving average is $96.45 and its 200-day simple moving average is $87.25. Monarch Casino & Resort, Inc. has a one year low of $69.99 and a one year high of $113.88.

Monarch Casino & Resort (NASDAQ:MCRI) last issued its earnings results on Wednesday, July 16th. The company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.22. The business had revenue of $136.91 million for the quarter, compared to analyst estimates of $129.76 million. Monarch Casino & Resort had a net margin of 18.70% and a return on equity of 18.99%. Equities research analysts predict that Monarch Casino & Resort, Inc. will post 5.13 EPS for the current fiscal year.

Insider Activity at Monarch Casino & Resort

In related news, CEO John Farahi sold 2,000 shares of Monarch Casino & Resort stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $105.78, for a total transaction of $211,560.00. Following the transaction, the chief executive officer directly owned 560,110 shares of the company’s stock, valued at $59,248,435.80. This trade represents a 0.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Craig F. Sullivan sold 12,200 shares of Monarch Casino & Resort stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $105.55, for a total transaction of $1,287,710.00. The disclosure for this sale can be found here. Company insiders own 25.52% of the company’s stock.

Monarch Casino & Resort Company 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.