Northern Trust Corp Purchases 10,697 Shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

Northern Trust Corp lifted its position in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 8.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 133,734 shares of the company’s stock after buying an additional 10,697 shares during the period. Northern Trust Corp owned about 0.73% of Monarch Casino & Resort worth $10,552,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Voya Investment Management LLC lifted its stake in shares of Monarch Casino & Resort by 128.4% in the fourth quarter. Voya Investment Management LLC now owns 38,057 shares of the company’s stock worth $3,003,000 after buying an additional 21,391 shares in the last quarter. Orvieto Partners L.P. bought a new position in shares of Monarch Casino & Resort in the fourth quarter worth approximately $4,994,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of Monarch Casino & Resort in the fourth quarter worth approximately $19,346,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Monarch Casino & Resort by 28.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,075 shares of the company’s stock worth $2,848,000 after buying an additional 7,933 shares in the last quarter. Finally, Dark Forest Capital Management LP bought a new position in shares of Monarch Casino & Resort in the fourth quarter worth approximately $325,000. Institutional investors own 62.37% of the company’s stock.

Monarch Casino & Resort Trading Up 0.6%

MCRI opened at $82.78 on Friday. The company has a market capitalization of $1.53 billion, a PE ratio of 16.72 and a beta of 1.59. Monarch Casino & Resort, Inc. has a 1-year low of $64.58 and a 1-year high of $96.11. The firm’s 50 day simple moving average is $78.51 and its two-hundred day simple moving average is $82.35.

Monarch Casino & Resort (NASDAQ:MCRI) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $1.04 by $0.01. The firm had revenue of $125.39 million during the quarter, compared to analyst estimates of $122.70 million. Monarch Casino & Resort had a return on equity of 18.27% and a net margin of 18.01%. Equities analysts forecast that Monarch Casino & Resort, Inc. will post 5.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Truist Financial dropped their target price on shares of Monarch Casino & Resort from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company boosted their target price on shares of Monarch Casino & Resort from $79.00 to $82.00 and gave the company an “underweight” rating in a research note on Wednesday, February 12th. StockNews.com cut Monarch Casino & Resort from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 12th. Stifel Nicolaus reduced their price objective on Monarch Casino & Resort from $90.00 to $81.00 and set a “hold” rating for the company in a research report on Wednesday, April 23rd. Finally, Macquarie reiterated a “neutral” rating and set a $92.00 price objective on shares of Monarch Casino & Resort in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Monarch Casino & Resort has an average rating of “Hold” and a consensus target price of $88.60.

About Monarch Casino & Resort

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.