Two Sigma Securities LLC Decreases Stake in Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

Two Sigma Securities LLC cut its holdings in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 9.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,969 shares of the company’s stock after selling 298 shares during the quarter. Two Sigma Securities LLC’s holdings in Monarch Casino & Resort were worth $234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Voya Investment Management LLC boosted its position in shares of Monarch Casino & Resort by 128.4% during the fourth quarter. Voya Investment Management LLC now owns 38,057 shares of the company’s stock valued at $3,003,000 after buying an additional 21,391 shares during the last quarter. Orvieto Partners L.P. purchased a new stake in shares of Monarch Casino & Resort during the fourth quarter valued at $4,994,000. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Monarch Casino & Resort during the fourth quarter valued at $19,346,000. Price T Rowe Associates Inc. MD boosted its position in shares of Monarch Casino & Resort by 28.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,075 shares of the company’s stock valued at $2,848,000 after buying an additional 7,933 shares during the last quarter. Finally, Dark Forest Capital Management LP purchased a new stake in shares of Monarch Casino & Resort during the fourth quarter valued at $325,000. 62.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MCRI has been the topic of several recent analyst reports. Truist Financial dropped their price objective on Monarch Casino & Resort from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Stifel Nicolaus dropped their target price on Monarch Casino & Resort from $90.00 to $81.00 and set a “hold” rating on the stock in a research report on Wednesday, April 23rd. Macquarie reissued a “neutral” rating and issued a $92.00 target price on shares of Monarch Casino & Resort in a research report on Wednesday, April 23rd. StockNews.com cut Monarch Casino & Resort from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 12th. Finally, Jefferies Financial Group raised their target price on Monarch Casino & Resort from $73.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, January 3rd. 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $88.60.

Monarch Casino & Resort Trading Up 1.2 %

Shares of NASDAQ:MCRI opened at $78.17 on Wednesday. The stock has a 50 day moving average of $80.82 and a 200 day moving average of $82.05. The company has a market cap of $1.44 billion, a PE ratio of 15.79 and a beta of 1.57. Monarch Casino & Resort, Inc. has a 12-month low of $64.58 and a 12-month high of $96.11.

Monarch Casino & Resort (NASDAQ:MCRI) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.01. The company had revenue of $125.39 million during the quarter, compared to the consensus estimate of $122.70 million. Monarch Casino & Resort had a return on equity of 18.27% and a net margin of 18.01%. Equities research analysts predict that Monarch Casino & Resort, Inc. will post 5.13 earnings per share for the current fiscal year.

Monarch Casino & Resort Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Sunday, June 1st will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, May 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.54%. Monarch Casino & Resort’s dividend payout ratio (DPR) is presently 23.67%.

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.