New York State Teachers Retirement System Has $1.99 Million Stock Holdings in Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

New York State Teachers Retirement System lessened its holdings in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 7.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,700 shares of the company’s stock after selling 2,347 shares during the quarter. New York State Teachers Retirement System’s holdings in Monarch Casino & Resort were worth $1,985,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. State of Wyoming bought a new position in shares of Monarch Casino & Resort in the 4th quarter valued at $28,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Monarch Casino & Resort by 40.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 637 shares of the company’s stock valued at $40,000 after acquiring an additional 184 shares during the last quarter. UBS Group AG lifted its stake in shares of Monarch Casino & Resort by 214.2% in the 3rd quarter. UBS Group AG now owns 1,458 shares of the company’s stock valued at $82,000 after acquiring an additional 994 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of Monarch Casino & Resort by 30.0% in the 1st quarter. Captrust Financial Advisors now owns 1,593 shares of the company’s stock valued at $139,000 after acquiring an additional 368 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Monarch Casino & Resort by 29.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,367 shares of the company’s stock valued at $147,000 after acquiring an additional 537 shares during the last quarter. 62.37% of the stock is currently owned by institutional investors.

Monarch Casino & Resort Stock Performance

MCRI stock opened at $70.39 on Wednesday. The stock has a 50-day moving average price of $70.82 and a 200-day moving average price of $67.02. Monarch Casino & Resort, Inc. has a 1-year low of $56.25 and a 1-year high of $77.19. The company has a current ratio of 0.61, a quick ratio of 0.55 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.33 billion, a PE ratio of 16.76 and a beta of 1.66.

Monarch Casino & Resort (NASDAQ:MCRI) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.11). Monarch Casino & Resort had a return on equity of 17.41% and a net margin of 16.44%. The business had revenue of $128.19 million during the quarter, compared to the consensus estimate of $119.33 million. As a group, equities research analysts expect that Monarch Casino & Resort, Inc. will post 4.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MCRI has been the subject of a number of research reports. Stifel Nicolaus reiterated a “hold” rating and issued a $70.00 price target on shares of Monarch Casino & Resort in a research note on Friday, January 5th. Truist Financial raised their target price on Monarch Casino & Resort from $72.00 to $74.00 and gave the stock a “hold” rating in a research report on Thursday, February 15th. Finally, StockNews.com raised Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th.

About Monarch Casino & Resort

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 incorporated in 1993 and is based in Reno, Nevada.