Monarch Casino & Resort, Inc. $MCRI Shares Acquired by American Century Companies Inc.

American Century Companies Inc. lifted its position in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 4.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 491,400 shares of the company’s stock after purchasing an additional 20,328 shares during the quarter. American Century Companies Inc. owned approximately 2.69% of Monarch Casino & Resort worth $52,010,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its holdings in shares of Monarch Casino & Resort by 36.0% in the 1st quarter. AQR Capital Management LLC now owns 57,731 shares of the company’s stock valued at $4,489,000 after acquiring an additional 15,295 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Monarch Casino & Resort by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,618 shares of the company’s stock worth $592,000 after purchasing an additional 316 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Monarch Casino & Resort by 51.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 64,444 shares of the company’s stock worth $5,571,000 after purchasing an additional 21,807 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Monarch Casino & Resort in the second quarter valued at $689,000. Finally, Versor Investments LP purchased a new stake in shares of Monarch Casino & Resort in the second quarter valued at about $321,000. Hedge funds and other institutional investors own 62.37% of the company’s stock.

Insider Buying and Selling at Monarch Casino & Resort

In related news, CEO John Farahi sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $100.63, for a total value of $100,630.00. Following the completion of the transaction, the chief executive officer directly owned 553,110 shares of the company’s stock, valued at $55,659,459.30. This trade represents a 0.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 25.52% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MCRI shares. Jefferies Financial Group reiterated a “hold” rating and set a $112.00 target price on shares of Monarch Casino & Resort in a research note on Wednesday, December 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Monarch Casino & Resort in a research note on Monday, December 29th. Wells Fargo & Company increased their price objective on Monarch Casino & Resort from $92.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. Finally, Zacks Research raised Monarch Casino & Resort from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.80.

Monarch Casino & Resort Stock Up 0.1%

NASDAQ:MCRI opened at $98.63 on Friday. The firm’s fifty day simple moving average is $94.22 and its 200-day simple moving average is $97.05. The stock has a market cap of $1.76 billion, a PE ratio of 18.16 and a beta of 1.29. Monarch Casino & Resort, Inc. has a fifty-two week low of $69.99 and a fifty-two week high of $113.88.

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

Monarch Casino & Resort Announces Dividend

The company also recently declared 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. The ex-dividend date is Monday, March 2nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.2%. Monarch Casino & Resort’s dividend payout ratio is currently 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.