State Street Corp Has $39.80 Million Stock Holdings in Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

State Street Corp cut its holdings in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 0.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 502,034 shares of the company’s stock after selling 3,969 shares during the period. State Street Corp owned approximately 2.73% of Monarch Casino & Resort worth $39,796,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Janus Henderson Group PLC grew its stake in Monarch Casino & Resort by 0.9% in the 3rd quarter. Janus Henderson Group PLC now owns 388,658 shares of the company’s stock valued at $30,809,000 after buying an additional 3,488 shares during the last quarter. HighTower Advisors LLC acquired a new stake in shares of Monarch Casino & Resort in the third quarter worth $258,000. Centiva Capital LP boosted its holdings in Monarch Casino & Resort by 97.6% in the 3rd quarter. Centiva Capital LP now owns 9,024 shares of the company’s stock valued at $715,000 after purchasing an additional 4,457 shares during the period. Atom Investors LP bought a new stake in Monarch Casino & Resort in the 3rd quarter valued at $1,174,000. Finally, Verition Fund Management LLC bought a new position in shares of Monarch Casino & Resort during the 3rd quarter worth about $2,349,000. Institutional investors and hedge funds own 62.37% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on MCRI. StockNews.com lowered Monarch Casino & Resort from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Stifel Nicolaus lifted their target price on shares of Monarch Casino & Resort from $72.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. Wells Fargo & Company assumed coverage on Monarch Casino & Resort in a report on Monday, December 16th. They set an “underweight” rating and a $79.00 price objective on the stock. Finally, Truist Financial upped their price target on Monarch Casino & Resort from $75.00 to $82.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $78.50.

Monarch Casino & Resort Stock Performance

Shares of NASDAQ:MCRI opened at $78.28 on Friday. The business has a fifty day moving average of $81.65 and a 200-day moving average of $75.64. The firm has a market cap of $1.44 billion, a PE ratio of 17.32 and a beta of 1.72. Monarch Casino & Resort, Inc. has a twelve month low of $64.50 and a twelve month high of $89.06.

Monarch Casino & Resort (NASDAQ:MCRI) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.10. The business had revenue of $137.87 million during the quarter, compared to analyst estimates of $134.50 million. Monarch Casino & Resort had a net margin of 16.82% and a return on equity of 17.06%. During the same quarter last year, the business posted $1.38 earnings per share. On average, 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.