Monarch Casino & Resort Inc. (MCRI) Sees Large Volume Increase
Monarch Casino & Resort Inc. (NASDAQ:MCRI) shares saw unusually-high trading volume on Thursday . Approximately 68,797 shares traded hands during mid-day trading, an increase of 25% from the previous session’s volume of 54,905 shares.The stock last traded at $23.13 and had previously closed at $23.03.
The stock’s 50 day moving average is $22.01 and its 200 day moving average is $20.47. The stock has a market capitalization of $402.56 million and a P/E ratio of 19.32.
Monarch Casino & Resort (NASDAQ:MCRI) last released its earnings results on Wednesday, April 20th. The company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.01. On average, analysts forecast that Monarch Casino & Resort Inc. will post $1.29 EPS for the current fiscal year.
A number of institutional investors have added to or reduced their stakes in MCRI. EAM Investors LLC acquired a new position in Monarch Casino & Resort during the fourth quarter valued at $1,061,000. Oxford Asset Management acquired a new position in Monarch Casino & Resort during the fourth quarter valued at $1,102,000. Finally, Russell Frank Co boosted its position 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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