Posted by admin on Jul 26th, 2022 
Calamos Advisors LLC bought a new stake in Monarch Casino & Resort, Inc. (NASDAQ:MCRI – Get Rating) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 8,282 shares of the company’s stock, valued at approximately $722,000.
A number of other institutional investors also recently bought and sold shares of the company. DAVENPORT & Co LLC lifted its holdings in Monarch Casino & Resort by 7.4% in the first quarter. DAVENPORT & Co LLC now owns 1,069,515 shares of the company’s stock valued at $93,322,000 after acquiring an additional 73,574 shares during the period. JPMorgan Chase & Co. lifted its holdings in Monarch Casino & Resort by 1.5% in the fourth quarter. JPMorgan Chase & Co. now owns 919,604 shares of the company’s stock valued at $68,005,000 after acquiring an additional 13,594 shares during the period. Brown Advisory Inc. raised its stake in shares of Monarch Casino & Resort by 0.6% in the fourth quarter. Brown Advisory Inc. now owns 321,273 shares of the company’s stock worth $23,759,000 after buying an additional 1,799 shares during the period. Lodge Hill Capital LLC raised its stake in shares of Monarch Casino & Resort by 29.5% in the fourth quarter. Lodge Hill Capital LLC now owns 208,561 shares of the company’s stock worth $15,423,000 after buying an additional 47,513 shares during the period. Finally, Epoch Investment Partners Inc. raised its stake in shares of Monarch Casino & Resort by 0.6% in the fourth quarter. Epoch Investment Partners Inc. now owns 156,897 shares of the company’s stock worth $11,603,000 after buying an additional 865 shares during the period. Institutional investors own 62.45% of the company’s stock.
Several research firms have recently commented on MCRI. Stifel Nicolaus downgraded Monarch Casino & Resort from a “buy” rating to a “hold” rating in a research note on Thursday, April 21st. StockNews.com downgraded Monarch Casino & Resort from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 14th. Jefferies Financial Group downgraded Monarch Casino & Resort from a “buy” rating to a “hold” rating and raised their price objective for the stock from $85.00 to $90.00 in a research note on Thursday, April 21st. Finally, Truist Financial decreased their price objective on Monarch Casino & Resort from $100.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, July 20th.
Shares of MCRI opened at $62.34 on Tuesday. The business’s 50 day moving average is $61.95 and its 200 day moving average is $70.97. The company has a market capitalization of $1.18 billion, a PE ratio of 15.29 and a beta of 1.69. Monarch Casino & Resort, Inc. has a 12-month low of $54.01 and a 12-month high of $94.26. The company has a current ratio of 0.59, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13.
Monarch Casino & Resort (NASDAQ:MCRI – Get Rating) last issued its earnings results on Wednesday, July 20th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.07). Monarch Casino & Resort had a net margin of 17.87% and a return on equity of 18.42%. Research analysts expect that Monarch Casino & Resort, Inc. will post 4.39 earnings per share for the current fiscal year.
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Monarch Casino & Resort, Inc, through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada. The company also owns and operates the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado. As of December 31, 2021, its Atlantis Casino Resort Spa featured approximately 61,000 square feet of casino space; 818 guest rooms and suites; 8 food outlets; 2 gourmet coffee and pastry bars; a 30,000 square-foot health spa and salon with an enclosed pool; 2 retail outlets offering clothing and gift shop merchandise; an 8,000 square-foot family entertainment center; and approximately 52,000 square feet of banquet, convention, and meeting room space.
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