Monarch Casino & Resort, Inc. (NASDAQ:MCRI) Shares Sold by AdvisorShares Investments LLC

AdvisorShares Investments LLC cut its holdings in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRIFree Report) by 18.3% in the 4th quarter, Holdings Channel reports. The fund owned 884 shares of the company’s stock after selling 198 shares during the period. AdvisorShares Investments LLC’s holdings in Monarch Casino & Resort were worth $61,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Cerity Partners LLC acquired a new stake in shares of Monarch Casino & Resort during the fourth quarter valued at about $6,562,000. Pacer Advisors Inc. grew its stake in shares of Monarch Casino & Resort by 74.7% during the fourth quarter. Pacer Advisors Inc. now owns 464,501 shares of the company’s stock valued at $32,120,000 after acquiring an additional 198,623 shares in the last quarter. Heritage Wealth Management LLC acquired a new stake in shares of Monarch Casino & Resort during the fourth quarter valued at about $221,000. Invesco Ltd. grew its stake in shares of Monarch Casino & Resort by 87.2% during the third quarter. Invesco Ltd. now owns 101,336 shares of the company’s stock valued at $6,293,000 after acquiring an additional 47,214 shares in the last quarter. Finally, Manning & Napier Group LLC grew its stake in shares of Monarch Casino & Resort by 0.3% during the fourth quarter. Manning & Napier Group LLC now owns 70,304 shares of the company’s stock valued at $4,862,000 after acquiring an additional 200 shares in the last quarter. 62.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Macquarie lifted their price target on Monarch Casino & Resort from $75.00 to $76.00 and gave the stock a “neutral” rating in a research note on Thursday, April 18th. Truist Financial lifted their price target on Monarch Casino & Resort from $72.00 to $74.00 and gave the stock a “hold” rating in a research note on Thursday, February 15th. Finally, StockNews.com upgraded Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th.

Check Out Our Latest Research Report on Monarch Casino & Resort

Monarch Casino & Resort Stock Down 0.0 %

MCRI stock traded down $0.01 during midday trading on Friday, reaching $67.01. The company had a trading volume of 87,116 shares, compared to its average volume of 112,090. The stock has a 50 day moving average price of $68.62 and a 200 day moving average price of $68.44. Monarch Casino & Resort, Inc. has a fifty-two week low of $56.25 and a fifty-two week high of $75.40. The firm has a market capitalization of $1.26 billion, a PE ratio of 15.84 and a beta of 1.70.

Monarch Casino & Resort (NASDAQ:MCRIGet Free Report) last issued its earnings results on Wednesday, April 17th. The company reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.05). Monarch Casino & Resort had a net margin of 16.40% and a return on equity of 17.13%. The company had revenue of $121.66 million during the quarter, compared to analyst estimates of $122.13 million. Research analysts predict that Monarch Casino & Resort, Inc. will post 4.46 EPS for the current year.

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.

See Also

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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