First National Bank of Omaha Acquires New Holdings in Monarch Casino & Resort, Inc. $MCRI

First National Bank of Omaha bought a new position in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 6,083 shares of the company’s stock, valued at approximately $644,000.

Other hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in shares of Monarch Casino & Resort by 36.0% in the first quarter. AQR Capital Management LLC now owns 57,731 shares of the company’s stock worth $4,489,000 after buying an additional 15,295 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Monarch Casino & Resort by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,618 shares of the company’s stock valued at $592,000 after purchasing an additional 316 shares in the last quarter. Yousif Capital Management LLC purchased a new position in shares of Monarch Casino & Resort during the 2nd quarter valued at about $212,000. AlphaQuest LLC increased its holdings in Monarch Casino & Resort by 11.3% in the 2nd quarter. AlphaQuest LLC now owns 8,895 shares of the company’s stock worth $769,000 after acquiring an additional 904 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of Monarch Casino & Resort by 28.3% in the second quarter. Nisa Investment Advisors LLC now owns 1,903 shares of the company’s stock worth $164,000 after purchasing an additional 420 shares during the period. Hedge funds and other institutional investors own 62.37% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MCRI. Wall Street Zen downgraded shares of Monarch Casino & Resort from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Zacks Research upgraded Monarch Casino & Resort from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. Wells Fargo & Company upped their price objective on Monarch Casino & Resort from $92.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 5th. Jefferies Financial Group reissued a “hold” rating and set a $112.00 target price on shares of Monarch Casino & Resort in a research note on Wednesday, December 24th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Monarch Casino & Resort in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Monarch Casino & Resort presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.80.

Insiders Place Their Bets

In other Monarch Casino & Resort news, CEO John Farahi sold 1,000 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $100.63, for a total transaction of $100,630.00. Following the transaction, the chief executive officer directly owned 553,110 shares in the company, valued at $55,659,459.30. This represents a 0.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 25.52% of the stock is currently owned by company insiders.

Monarch Casino & Resort Stock Up 1.5%

NASDAQ MCRI opened at $96.10 on Friday. Monarch Casino & Resort, Inc. has a 52 week low of $69.99 and a 52 week high of $113.88. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 17.70 and a beta of 1.34. The company has a fifty day moving average of $94.72 and a two-hundred day moving average of $97.26.

Monarch Casino & Resort (NASDAQ:MCRI) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.12). The firm had revenue of $140.00 million during the quarter, compared to analysts’ expectations of $139.39 million. Monarch Casino & Resort had a return on equity of 18.68% and a net margin of 18.60%.The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the company earned $0.22 earnings per share. Equities research analysts anticipate that Monarch Casino & Resort, Inc. will post 5.13 EPS for the current year.

Monarch Casino & Resort Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Monday, March 2nd. Monarch Casino & Resort’s payout ratio is presently 22.10%.

About Monarch Casino & Resort

Monarch Casino & Resort, Inc is a publicly traded owner and operator of an integrated casino resort in Reno, Nevada. The company’s flagship property, the Atlantis Casino Resort Spa, features a full-service casino floor with table games, slot machines, and sports betting, complemented by a diverse portfolio of amenities. Guests can choose from over 800 rooms and suites, dine at multiple on-site restaurants and bars, unwind at the full-service spa and salon, or enjoy live entertainment in the property’s showroom.

Monarch’s revenue streams are diversified across gaming operations, hotel accommodations, food and beverage services, and convention and meeting facilities.