23,559 Shares in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC purchased a new stake in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 23,559 shares of the company’s stock, valued at approximately $1,868,000. Segall Bryant & Hamill LLC owned approximately 0.13% of Monarch Casino & Resort as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Financial Management Professionals Inc. purchased a new stake in Monarch Casino & Resort in the third quarter valued at approximately $30,000. GAMMA Investing LLC raised its position in shares of Monarch Casino & Resort by 61.0% during the 3rd quarter. GAMMA Investing LLC now owns 470 shares of the company’s stock valued at $37,000 after buying an additional 178 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Monarch Casino & Resort during the 2nd quarter worth $53,000. Canada Pension Plan Investment Board purchased a new position in Monarch Casino & Resort in the second quarter worth $102,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Monarch Casino & Resort by 81.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,712 shares of the company’s stock valued at $185,000 after acquiring an additional 1,221 shares during the last quarter. Institutional investors own 62.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MCRI. StockNews.com lowered Monarch Casino & Resort from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 6th. Stifel Nicolaus lifted their price target on shares of Monarch Casino & Resort from $72.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. Finally, Truist Financial upped their price objective on shares of Monarch Casino & Resort from $75.00 to $82.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd.

Monarch Casino & Resort Price Performance

Shares of MCRI stock opened at $84.42 on Friday. The business has a 50-day moving average of $78.72 and a 200 day moving average of $73.29. The stock has a market capitalization of $1.55 billion, a PE ratio of 18.68 and a beta of 1.73. Monarch Casino & Resort, Inc. has a 1-year low of $62.03 and a 1-year high of $85.10.

Monarch Casino & Resort (NASDAQ:MCRI) last issued its earnings results on Wednesday, October 23rd. The company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.10. Monarch Casino & Resort had a net margin of 16.82% and a return on equity of 17.06%. The firm had revenue of $137.87 million for the quarter, compared to analysts’ expectations of $134.50 million. During the same quarter last year, the business earned $1.38 earnings per share. Analysts anticipate that Monarch Casino & Resort, Inc. will post 4.72 EPS 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 incorporated in 1993 and is based in Reno, Nevada.