Epoch Investment Partners Inc. Sells 158,475 Shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

Epoch Investment Partners Inc. lowered its holdings in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 80.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,308 shares of the company’s stock after selling 158,475 shares during the period. Epoch Investment Partners Inc. owned approximately 0.20% of Monarch Casino & Resort worth $2,610,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Meeder Asset Management Inc. purchased a new position in shares of Monarch Casino & Resort during the second quarter valued at approximately $53,000. Canada Pension Plan Investment Board purchased a new position in Monarch Casino & Resort during the second quarter valued at $102,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Monarch Casino & Resort by 81.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,712 shares of the company’s stock valued at $185,000 after buying an additional 1,221 shares during the last quarter. Diversified Trust Co bought a new stake in Monarch Casino & Resort in the first quarter worth $203,000. Finally, ProShare Advisors LLC purchased a new stake in shares of Monarch Casino & Resort in the first quarter worth $204,000. Hedge funds and other institutional investors own 62.37% of the company’s stock.

Monarch Casino & Resort Trading Up 0.3 %

Monarch Casino & Resort stock opened at $76.46 on Tuesday. Monarch Casino & Resort, Inc. has a 12 month low of $56.25 and a 12 month high of $80.22. The stock has a fifty day simple moving average of $74.22 and a two-hundred day simple moving average of $70.81. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 18.08 and a beta of 1.73.

Monarch Casino & Resort (NASDAQ:MCRI) last released its quarterly earnings data on Wednesday, July 24th. The company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. The company had revenue of $128.14 million during the quarter, compared to the consensus estimate of $126.03 million. Monarch Casino & Resort had a return on equity of 17.05% and a net margin of 16.31%. On average, equities research analysts forecast that Monarch Casino & Resort, Inc. will post 4.62 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MCRI shares. Macquarie reaffirmed a “neutral” rating and issued a $76.00 price target on shares of Monarch Casino & Resort in a research report on Thursday, July 25th. Truist Financial lifted their target price on shares of Monarch Casino & Resort from $74.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, July 25th.

About Monarch Casino & Resort

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.