Aviva PLC Cuts Stock Position in Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

Aviva PLC lessened its stake in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI – Get Rating) by 53.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,501 shares of the company’s stock after selling 14,192 shares during the quarter. Aviva PLC owned about 0.07% of Monarch Casino & Resort worth $961,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Citigroup Inc. raised its stake in shares of Monarch Casino & Resort by 33.8% during the fourth quarter. Citigroup Inc. now owns 9,034 shares of the company’s stock worth $695,000 after purchasing an additional 2,282 shares during the last quarter. UBS Group AG raised its position in Monarch Casino & Resort by 212.3% in the fourth quarter. UBS Group AG now owns 4,554 shares of the company’s stock worth $350,000 after acquiring an additional 3,096 shares in the last quarter. Swiss National Bank raised its position in Monarch Casino & Resort by 1.8% in the fourth quarter. Swiss National Bank now owns 34,211 shares of the company’s stock worth $2,630,000 after acquiring an additional 600 shares in the last quarter. Russell Investments Group Ltd. raised its position in Monarch Casino & Resort by 113.3% in the fourth quarter. Russell Investments Group Ltd. now owns 14,443 shares of the company’s stock worth $1,111,000 after acquiring an additional 7,673 shares in the last quarter. Finally, Arizona State Retirement System raised its position in Monarch Casino & Resort by 3.9% in the fourth quarter. Arizona State Retirement System now owns 3,997 shares of the company’s stock worth $307,000 after acquiring an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 61.47% of the company’s stock.

Monarch Casino & Resort Trading Up 0.5 %

Shares of MCRI stock opened at $67.67 on Friday. Monarch Casino & Resort, Inc. has a fifty-two week low of $54.01 and a fifty-two week high of $85.67. The stock has a market cap of $1.30 billion, a P/E ratio of 15.24 and a beta of 1.67. The business has a fifty day simple moving average of $71.29 and a 200-day simple moving average of $76.12. The company has a quick ratio of 0.44, a current ratio of 0.50 and a debt-to-equity ratio of 0.11.

Wall Street Analyst Weigh In

MCRI has been the subject of several research analyst reports. StockNews.com initiated coverage on Monarch Casino & Resort in a research report on Thursday. They issued a “buy” rating for the company. TheStreet cut Monarch Casino & Resort from a “b” rating to a “c+” rating in a research report on Thursday, February 16th. Finally, Stifel Nicolaus increased their price objective on Monarch Casino & Resort from $85.00 to $91.00 in a research report on Wednesday, February 15th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Monarch Casino & Resort presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.00.

Insider Activity

In related news, President Bob Farahi sold 3,509 shares of the stock in a transaction on Monday, May 8th. The stock was sold at an average price of $67.05, for a total transaction of $235,278.45. Following the sale, the president now owns 223,487 shares of the company’s stock, valued at $14,984,803.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 24.56% of the company’s stock.

About Monarch Casino & Resort

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Monarch Casino & Resort, Inc engages in the ownership and operation of the Atlantis Casino Resort Spa, a hotel and casino facility in Reno, Nevada, and the Monarch Black Hawk Casino in Black Hawk, Colorado. The company was founded in 1993 and is headquartered in Reno, NV.