Thrivent Financial for Lutherans Sells 190 Shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

Thrivent Financial for Lutherans cut its position in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,808 shares of the company’s stock after selling 190 shares during the quarter. Thrivent Financial for Lutherans owned about 0.05% of Monarch Casino & Resort worth $774,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in Monarch Casino & Resort during the fourth quarter valued at $53,000. KBC Group NV increased its stake in shares of Monarch Casino & Resort by 67.8% in the 4th quarter. KBC Group NV now owns 980 shares of the company’s stock worth $77,000 after acquiring an additional 396 shares in the last quarter. Independence Bank of Kentucky purchased a new position in Monarch Casino & Resort during the 4th quarter valued at about $93,000. Nisa Investment Advisors LLC boosted its stake in Monarch Casino & Resort by 30.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,693 shares of the company’s stock worth $134,000 after acquiring an additional 400 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in Monarch Casino & Resort by 49.8% in the fourth quarter. Pacer Advisors Inc. now owns 2,760 shares of the company’s stock worth $218,000 after purchasing an additional 917 shares during the period. 62.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Truist Financial upgraded shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating and lifted their target price for the company from $82.00 to $100.00 in a report on Tuesday, January 14th. StockNews.com cut Monarch Casino & Resort from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 12th. Stifel Nicolaus increased their target price on Monarch Casino & Resort from $80.00 to $90.00 and gave the stock a “hold” rating in a research note on Wednesday, February 12th. Wells Fargo & Company lifted their price target on 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, 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 report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Monarch Casino & Resort presently has a consensus rating of “Hold” and a consensus price target of $87.20.

Insider Activity

In related news, CEO John Farahi sold 1,000 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $77.70, for a total transaction of $77,700.00. Following the completion of the sale, the chief executive officer now owns 528,436 shares in the company, valued at approximately $41,059,477.20. This represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 24.94% of the company’s stock.

Monarch Casino & Resort Trading Up 0.7 %

Monarch Casino & Resort stock opened at $79.22 on Thursday. Monarch Casino & Resort, Inc. has a 12 month low of $64.50 and a 12 month high of $96.11. The stock has a fifty day simple moving average of $86.16 and a two-hundred day simple moving average of $82.33. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 16.00 and a beta of 1.74.

Monarch Casino & Resort (NASDAQ:MCRI) last released its quarterly earnings data on Tuesday, February 11th. The company reported $1.36 EPS for the quarter, topping 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 business posted $1.03 earnings per share. On average, equities research analysts forecast that Monarch Casino & Resort, Inc. will post 5.13 EPS for the current fiscal year.

About Monarch Casino & Resort

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.