New York State Teachers Retirement System Purchases 210 Shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

New York State Teachers Retirement System grew its stake in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,706 shares of the company’s stock after buying an additional 210 shares during the quarter. New York State Teachers Retirement System owned approximately 0.13% of Monarch Casino & Resort worth $1,949,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC raised its position in shares of Monarch Casino & Resort by 1.6% during the fourth quarter. DAVENPORT & Co LLC now owns 1,256,305 shares of the company’s stock valued at $98,696,000 after buying an additional 19,845 shares during the last quarter. Janus Henderson Group PLC lifted its position in Monarch Casino & Resort by 0.9% in the third quarter. Janus Henderson Group PLC now owns 388,658 shares of the company’s stock worth $30,809,000 after buying an additional 3,488 shares during the last quarter. Wellington Management Group LLP raised 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 worth $17,410,000 after purchasing an additional 8,283 shares during the period. FMR LLC lifted its stake in shares of Monarch Casino & Resort by 1.1% during the 3rd quarter. FMR LLC now owns 134,098 shares of the company’s stock worth $10,630,000 after acquiring an additional 1,396 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of Monarch Casino & Resort by 518.8% in the third quarter. Jane Street Group LLC now owns 117,072 shares of the company’s stock worth $9,280,000 after purchasing an additional 98,153 shares during the last quarter. Institutional investors own 62.37% of the company’s stock.

Insider Activity

In other news, CEO John Farahi sold 1,000 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was 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. This trade represents a 0.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 24.94% of the company’s stock.

Monarch Casino & Resort Stock Performance

Shares of NASDAQ MCRI opened at $89.40 on Friday. Monarch Casino & Resort, Inc. has a fifty-two week low of $64.50 and a fifty-two week high of $96.11. The firm has a market capitalization of $1.64 billion, a PE ratio of 18.06 and a beta of 1.74. The stock’s 50-day simple moving average is $83.60 and its 200-day simple moving average is $80.34.

Monarch Casino & Resort (NASDAQ:MCRI) last announced its earnings results on Tuesday, February 11th. The company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.23. Monarch Casino & Resort had a return on equity of 18.27% and a net margin of 18.01%. During the same period in the prior year, the company posted $1.03 EPS. On average, sell-side analysts forecast that Monarch Casino & Resort, Inc. will post 5.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MCRI. Jefferies Financial Group increased their price objective on shares of Monarch Casino & Resort from $73.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, January 3rd. Truist Financial upgraded Monarch Casino & Resort from a “hold” rating to a “buy” rating and boosted their price target for the company from $82.00 to $100.00 in a research note on Tuesday, January 14th. StockNews.com downgraded Monarch Casino & Resort from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 12th. Wells Fargo & Company upped their price objective on shares of Monarch Casino & Resort from $79.00 to $82.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 12th. Finally, Stifel Nicolaus lifted their target price on shares of Monarch Casino & Resort from $80.00 to $90.00 and gave the company a “hold” rating in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $87.20.

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.