Legal & General Group Plc boosted its position in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 0.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,412 shares of the company’s stock after buying an additional 136 shares during the period. Legal & General Group Plc owned 0.11% of Monarch Casino & Resort worth $544,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. TIAA CREF Investment Management LLC raised its position in shares of Monarch Casino & Resort by 26.2% in the first quarter. TIAA CREF Investment Management LLC now owns 37,873 shares of the company’s stock worth $1,119,000 after buying an additional 7,855 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Monarch Casino & Resort by 3.0% in the first quarter. Wellington Management Group LLP now owns 726,961 shares of the company’s stock worth $21,474,000 after buying an additional 21,394 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Monarch Casino & Resort by 4.1% in the first quarter. Principal Financial Group Inc. now owns 85,910 shares of the company’s stock worth $2,538,000 after buying an additional 3,398 shares during the period. Argent Capital Management LLC increased its stake in shares of Monarch Casino & Resort by 6.4% in the first quarter. Argent Capital Management LLC now owns 116,137 shares of the company’s stock worth $3,431,000 after buying an additional 7,025 shares during the period. Finally, Prudential Financial Inc. increased its stake in shares of Monarch Casino & Resort by 2.6% in the first quarter. Prudential Financial Inc. now owns 33,152 shares of the company’s stock worth $980,000 after buying an additional 830 shares during the period. Institutional investors own 57.08% of the company’s stock.

Shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) traded up 1.86% during mid-day trading on Friday, hitting $33.47. The company’s stock had a trading volume of 17,707 shares. The company has a market cap of $587.57 million, a PE ratio of 22.66 and a beta of 1.06. The stock has a 50-day moving average of $30.82 and a 200-day moving average of $28.64. Monarch Casino & Resort, Inc. has a 12-month low of $21.13 and a 12-month high of $34.59.

Monarch Casino & Resort (NASDAQ:MCRI) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.03. Monarch Casino & Resort had a return on equity of 11.16% and a net margin of 11.77%. The business had revenue of $58.23 million for the quarter, compared to the consensus estimate of $58 million. On average, equities research analysts forecast that Monarch Casino & Resort, Inc. will post $1.51 EPS for the current year.

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MCRI has been the subject of a number of recent research reports. Zacks Investment Research raised Monarch Casino & Resort from a “sell” rating to a “hold” rating in a research note on Friday, May 5th. Deutsche Bank AG raised their target price on Monarch Casino & Resort from $95.00 to $97.00 and gave the stock a “buy” rating in a research note on Monday, May 1st. Imperial Capital raised their target price on Monarch Casino & Resort from $27.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, April 13th. Finally, Stifel Nicolaus raised their target price on Monarch Casino & Resort from $27.00 to $29.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Monarch Casino & Resort presently has an average rating of “Hold” and an average price target of $46.60.

Monarch Casino & Resort Company Profile

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 segments include Atlantis and Monarch Casino Black Hawk.

Institutional Ownership by Quarter for Monarch Casino & Resort (NASDAQ:MCRI)

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