Pacer Advisors Inc. Has $218,000 Stock Position in Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

Pacer Advisors Inc. lifted its stake in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 49.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,760 shares of the company’s stock after purchasing an additional 917 shares during the quarter. Pacer Advisors Inc.’s holdings in Monarch Casino & Resort were worth $218,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. HighTower Advisors LLC bought a new position in Monarch Casino & Resort in the third quarter worth approximately $258,000. Barclays PLC lifted its holdings in shares of Monarch Casino & Resort by 108.2% in the 3rd quarter. Barclays PLC now owns 33,508 shares of the company’s stock worth $2,656,000 after purchasing an additional 17,413 shares in the last quarter. Wellington Management Group LLP grew its position in Monarch Casino & Resort by 3.9% in the 3rd quarter. Wellington Management Group LLP now owns 219,625 shares of the company’s stock valued at $17,410,000 after purchasing an additional 8,283 shares during the period. Versor Investments LP bought a new stake in Monarch Casino & Resort during the 3rd quarter valued at $230,000. Finally, Ritholtz Wealth Management acquired a new position in Monarch Casino & Resort during the fourth quarter worth $254,000. 62.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Monarch Casino & Resort news, CEO John Farahi sold 1,000 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $77.70, for a total value of $77,700.00. Following the completion of the sale, the chief executive officer now directly owns 528,436 shares of the company’s stock, valued at $41,059,477.20. This trade represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 24.94% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

Monarch Casino & Resort Price Performance

NASDAQ MCRI opened at $85.90 on Wednesday. The business’s fifty day moving average is $82.47 and its 200-day moving average is $78.91. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 19.00 and a beta of 1.74. Monarch Casino & Resort, Inc. has a one year low of $64.50 and a one year high of $89.06.

Monarch Casino & Resort Company 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.