SG Americas Securities LLC Sells 3,015 Shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

SG Americas Securities LLC lowered its holdings in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 38.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,829 shares of the company’s stock after selling 3,015 shares during the quarter. SG Americas Securities LLC’s holdings in Monarch Casino & Resort were worth $381,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in Monarch Casino & Resort by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 175,378 shares of the company’s stock worth $11,949,000 after acquiring an additional 9,990 shares during the period. Sei Investments Co. raised its holdings in Monarch Casino & Resort by 1.4% in the 2nd quarter. Sei Investments Co. now owns 19,697 shares of the company’s stock worth $1,342,000 after acquiring an additional 271 shares during the period. Marshall Wace LLP bought a new position in shares of Monarch Casino & Resort during the 2nd quarter worth about $298,000. Squarepoint Ops LLC bought a new position in shares of Monarch Casino & Resort during the 2nd quarter worth about $516,000. Finally, Millennium Management LLC increased its holdings in shares of Monarch Casino & Resort by 376.1% during the 2nd quarter. Millennium Management LLC now owns 85,869 shares of the company’s stock worth $5,850,000 after purchasing an additional 67,833 shares during the period. Institutional investors own 62.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MCRI shares. Stifel Nicolaus boosted their price objective on shares of Monarch Casino & Resort from $72.00 to $77.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. Truist Financial upgraded shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $82.00 to $100.00 in a report on Tuesday, January 14th. Wells Fargo & Company started coverage on shares of Monarch Casino & Resort in a report on Monday, December 16th. They set an “underweight” rating and a $79.00 price objective on the stock. Jefferies Financial Group boosted their price objective on shares of Monarch Casino & Resort from $73.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, January 3rd. Finally, StockNews.com lowered shares of Monarch Casino & Resort from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Monarch Casino & Resort has a consensus rating of “Hold” and an average price target of $84.00.

Insider Buying and Selling at Monarch Casino & Resort

In other Monarch Casino & Resort news, CEO John Farahi sold 1,000 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $77.70, for a total value of $77,700.00. Following the transaction, the chief executive officer now directly owns 528,436 shares in the company, valued at $41,059,477.20. The trade was a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 24.94% of the company’s stock.

Monarch Casino & Resort Stock Performance

Shares of Monarch Casino & Resort stock opened at $84.83 on Tuesday. The firm’s 50-day simple moving average is $82.46 and its 200-day simple moving average is $78.79. Monarch Casino & Resort, Inc. has a twelve month low of $64.50 and a twelve month high of $89.06. The firm has a market cap of $1.56 billion, a P/E ratio of 18.77 and a beta of 1.74.

Monarch Casino & Resort 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.