Sei Investments Co. Acquires 2,664 Shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

Sei Investments Co. boosted its holdings in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 13.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,837 shares of the company’s stock after buying an additional 2,664 shares during the quarter. Sei Investments Co. owned 0.12% of Monarch Casino & Resort worth $1,723,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of MCRI. DAVENPORT & Co LLC raised its holdings 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 purchasing an additional 19,845 shares during the last quarter. American Century Companies Inc. grew its position in Monarch Casino & Resort by 9.3% in the 4th quarter. American Century Companies Inc. now owns 404,073 shares of the company’s stock worth $31,881,000 after purchasing an additional 34,384 shares during the period. Janus Henderson Group PLC grew its position 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 worth $30,809,000 after purchasing an additional 3,488 shares during the period. Wellington Management Group LLP raised its stake in Monarch Casino & Resort by 3.9% during the 3rd quarter. Wellington Management Group LLP now owns 219,625 shares of the company’s stock valued at $17,410,000 after buying an additional 8,283 shares during the last quarter. Finally, FMR LLC lifted its holdings 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 valued at $10,630,000 after buying an additional 1,396 shares during the period. Institutional investors own 62.37% of the company’s stock.

Monarch Casino & Resort Stock Down 2.3 %

NASDAQ MCRI opened at $72.99 on Friday. Monarch Casino & Resort, Inc. has a twelve month low of $64.50 and a twelve month high of $96.11. The business has a 50-day moving average price of $85.76 and a 200-day moving average price of $82.30. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 14.75 and a beta of 1.74.

Monarch Casino & Resort (NASDAQ:MCRI) last posted 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 net margin of 18.01% and a return on equity of 18.27%. During the same quarter in the previous year, the business earned $1.03 earnings per share. Research analysts expect that Monarch Casino & Resort, Inc. will post 5.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MCRI. Jefferies Financial Group upped their price objective on Monarch Casino & Resort from $73.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, January 3rd. Truist Financial upgraded shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating and increased their price objective for the stock from $82.00 to $100.00 in a research note on Tuesday, January 14th. Stifel Nicolaus lifted their target price on Monarch Casino & Resort from $80.00 to $90.00 and gave the company a “hold” rating in a research report on Wednesday, February 12th. StockNews.com cut Monarch Casino & Resort from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company raised their target price on shares of Monarch Casino & Resort from $79.00 to $82.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 12th. One investment 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.com, the stock presently has an average rating of “Hold” and a consensus price target of $87.20.

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.