WINTON GROUP Ltd Boosts Stock Position in Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

WINTON GROUP Ltd increased its stake in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 202.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,029 shares of the company’s stock after buying an additional 6,039 shares during the quarter. WINTON GROUP Ltd’s holdings in Monarch Casino & Resort were worth $712,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MCRI. Intech Investment Management LLC acquired a new stake in shares of Monarch Casino & Resort in the 3rd quarter worth $444,000. FMR LLC grew its holdings in shares of Monarch Casino & Resort by 1.1% in the third quarter. FMR LLC now owns 134,098 shares of the company’s stock valued at $10,630,000 after purchasing an additional 1,396 shares during the period. BNP Paribas Financial Markets increased its position in Monarch Casino & Resort by 39.7% during the third quarter. BNP Paribas Financial Markets now owns 7,446 shares of the company’s stock worth $590,000 after purchasing an additional 2,117 shares during the last quarter. Verition Fund Management LLC purchased a new position in Monarch Casino & Resort during the third quarter worth about $2,349,000. Finally, Atom Investors LP acquired a new position in Monarch Casino & Resort in the 3rd quarter valued at about $1,174,000. Hedge funds and other institutional investors own 62.37% of the company’s stock.

Monarch Casino & Resort Price Performance

NASDAQ MCRI opened at $78.39 on Friday. The company has a market cap of $1.45 billion, a P/E ratio of 15.84 and a beta of 1.74. The stock has a 50-day moving average of $86.48 and a two-hundred day moving average of $82.25. Monarch Casino & Resort, Inc. has a 1-year low of $64.50 and a 1-year high of $96.11.

Monarch Casino & Resort (NASDAQ:MCRI) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.23. Monarch Casino & Resort had a net margin of 18.01% and a return on equity of 18.27%. During the same period in the previous year, the company earned $1.03 earnings per share. On average, analysts anticipate that Monarch Casino & Resort, Inc. will post 5.13 EPS for the current fiscal year.

Analysts Set New Price Targets

MCRI has been the topic of several analyst reports. StockNews.com lowered shares of Monarch Casino & Resort from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 12th. Jefferies Financial Group upped their price target on Monarch Casino & Resort from $73.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, January 3rd. Truist Financial raised Monarch Casino & Resort from a “hold” rating to a “buy” rating and raised their price objective for the stock from $82.00 to $100.00 in a research report on Tuesday, January 14th. Wells Fargo & Company upped their target price on shares of Monarch Casino & Resort from $79.00 to $82.00 and gave the company an “underweight” rating in a research report on Wednesday, February 12th. Finally, Stifel Nicolaus lifted their price target on shares of Monarch Casino & Resort from $80.00 to $90.00 and gave the company a “hold” rating in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Monarch Casino & Resort has an average rating of “Hold” and an average target price of $87.20.

Insiders Place Their Bets

In related news, CEO John Farahi sold 1,000 shares of Monarch Casino & Resort stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $77.70, for a total value of $77,700.00. Following the completion of the transaction, the chief executive officer now directly owns 528,436 shares in the company, valued at approximately $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 accessible through this hyperlink. Insiders own 24.94% 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.