Shares of Monarch Casino & Resort Inc. (NASDAQ:MCRI) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $24.02 and last traded at $23.51, with a volume of 113,598 shares traded. The stock had previously closed at $23.36.

The stock has a 50 day moving average of $22.11 and a 200-day moving average of $20.46. The stock has a market cap of $403.08 million and a price-to-earnings ratio of 19.35.

Monarch Casino & Resort (NASDAQ:MCRI) last released 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 earnings per share for the current fiscal year.

Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. EAM Investors LLC purchased a new position in Monarch Casino & Resort during the fourth quarter valued at $1,061,000. Oxford Asset Management purchased 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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