5,595 Shares in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) Purchased by Intech Investment Management LLC

Intech Investment Management LLC acquired a new stake in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,595 shares of the company’s stock, valued at approximately $444,000.

Several other large investors have also made changes to their positions in the business. Financial Management Professionals Inc. purchased a new stake in shares of Monarch Casino & Resort in the third quarter worth about $30,000. GAMMA Investing LLC boosted its holdings in Monarch Casino & Resort by 61.0% during the third quarter. GAMMA Investing LLC now owns 470 shares of the company’s stock worth $37,000 after buying an additional 178 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Monarch Casino & Resort during the second quarter valued at $53,000. Canada Pension Plan Investment Board acquired a new position in shares of Monarch Casino & Resort in the second quarter worth about $102,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position 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 worth $185,000 after purchasing an additional 1,221 shares in the last quarter. 62.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on MCRI shares. Truist Financial upped their price target on shares of Monarch Casino & Resort from $75.00 to $82.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus lifted their target price on shares of Monarch Casino & Resort from $72.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. Finally, StockNews.com raised shares of Monarch Casino & Resort from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 28th.

Monarch Casino & Resort Stock Up 1.5 %

Shares of NASDAQ MCRI opened at $85.30 on Tuesday. Monarch Casino & Resort, Inc. has a 52-week low of $62.93 and a 52-week high of $86.68. The business’s 50 day moving average is $79.58 and its two-hundred day moving average is $73.95. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 18.86 and a beta of 1.73.

Monarch Casino & Resort (NASDAQ:MCRI) last released its earnings results on Wednesday, October 23rd. The company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.10. The company had revenue of $137.87 million during the quarter, compared to the consensus estimate of $134.50 million. Monarch Casino & Resort had a return on equity of 17.06% and a net margin of 16.82%. During the same period in the previous year, the company posted $1.38 EPS. Analysts anticipate that Monarch Casino & Resort, Inc. will post 4.72 EPS for the current fiscal year.

Monarch Casino & Resort Company Profile

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.