Monarch Casino & Resort, Inc. (NASDAQ:MCRI) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. lifted its holdings in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 18.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,405 shares of the company’s stock after purchasing an additional 26,183 shares during the quarter. American Century Companies Inc. owned about 0.89% of Monarch Casino & Resort worth $12,561,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Arizona State Retirement System boosted its position in shares of Monarch Casino & Resort by 3.9% in the 4th quarter. Arizona State Retirement System now owns 3,997 shares of the company’s stock worth $307,000 after purchasing an additional 150 shares in the last quarter. Credit Suisse AG boosted its position in shares of Monarch Casino & Resort by 1.0% in the 4th quarter. Credit Suisse AG now owns 18,228 shares of the company’s stock worth $1,402,000 after purchasing an additional 177 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of Monarch Casino & Resort by 0.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 36,495 shares of the company’s stock worth $3,183,000 after purchasing an additional 185 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Monarch Casino & Resort by 0.6% in the 2nd quarter. Legal & General Group Plc now owns 31,231 shares of the company’s stock worth $1,832,000 after purchasing an additional 195 shares in the last quarter. Finally, Eagle Asset Management Inc. boosted its position in shares of Monarch Casino & Resort by 0.5% in the 1st quarter. Eagle Asset Management Inc. now owns 68,164 shares of the company’s stock worth $5,054,000 after purchasing an additional 344 shares in the last quarter. Institutional investors and hedge funds own 61.92% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Monarch Casino & Resort from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 29th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Monarch Casino & Resort currently has an average rating of “Moderate Buy” and a consensus target price of $89.00.

Monarch Casino & Resort Stock Performance

Shares of MCRI stock opened at $67.37 on Friday. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 14.68 and a beta of 1.65. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.58 and a quick ratio of 0.51. The business has a fifty day moving average of $68.93 and a 200 day moving average of $70.62. Monarch Casino & Resort, Inc. has a 1 year low of $54.21 and a 1 year high of $85.67.

Monarch Casino & Resort (NASDAQ:MCRI) last issued its earnings results on Wednesday, July 19th. The company reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.04). The firm had revenue of $123.68 million during the quarter, compared to analysts’ expectations of $123.57 million. Monarch Casino & Resort had a return on equity of 18.01% and a net margin of 18.20%. During the same quarter last year, the business earned $1.11 EPS. As a group, research analysts expect that Monarch Casino & Resort, Inc. will post 4.57 earnings per share for the current year.

Monarch Casino & Resort Company Profile

Monarch Casino & Resort, Inc, through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada. It also owns and operates the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado. The company was founded in 1972 and is based in Reno, Nevada.