Monarch Casino & Resort Inc. (MCRI) Trading 3.9% Higher
Monarch Casino & Resort Inc. (NASDAQ:MCRI) shares traded up 3.9% on Wednesday . The company traded as high as $23.03 and last traded at $23.03, with a volume of 51,004 shares changing hands. The stock had previously closed at $22.17.
The firm’s 50-day moving average price is $21.87 and its 200 day moving average price is $20.45. The stock has a market capitalization of $396.88 million and a PE ratio of 19.05.
Monarch Casino & Resort (NASDAQ:MCRI) last posted its quarterly earnings results on Wednesday, April 20th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by $0.01. Equities research analysts forecast that Monarch Casino & Resort Inc. will post $1.29 EPS for the current year.
Other hedge funds have recently bought and sold shares of the company. EAM Investors LLC purchased a new stake in Monarch Casino & Resort during the fourth quarter valued at $1,061,000. Oxford Asset Management purchased a new stake in Monarch Casino & Resort during the fourth quarter valued at $1,102,000. Finally, Russell Frank Co boosted its stake in Monarch Casino & Resort by 22.4% in the fourth quarter. Russell Frank Co now owns 66,515 shares of the company’s stock valued at $1,536,000 after buying an additional 12,170 shares during the period.
Monarch Casino & Resort, Inc (Monarch), through its subsidiary, owns and operates the Atlantis Casino Resort Spa (the Atlantis), a hotel/casino facility in Reno, Nevada. The Company also owns and operates Monarch Casino Black Hawk. The Company’s operating segments include Atlantis and Monarch Casino Black Hawk.
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