Calamos Advisors LLC buys shares of 8,282 Monarch Casino & Resort, Inc. (NASDAQ: MCRI)


Calamos Advisors LLC has acquired a new stake in Monarch Casino & Resort, Inc. (NASDAQ: MCRIGet a rating) during the first trimester, HoldingsChannel.com reports. The institutional investor purchased 8,282 shares of the company, valued at around $722,000.

A number of other institutional investors have also recently bought and sold shares of the company. DAVENPORT & Co LLC increased its stake in Monarch Casino & Resort by 7.4% in the first quarter. DAVENPORT & Co LLC now owns 1,069,515 shares of the company valued at $93,322,000 after acquiring an additional 73,574 shares during the period. JPMorgan Chase & Co. increased its stake in Monarch Casino & Resort by 1.5% in the fourth quarter. JPMorgan Chase & Co. now owns 919,604 shares of the company valued at $68,005,000 after acquiring an additional 13,594 shares during the period. Brown Advisory Inc. increased its stake in shares of Monarch Casino & Resort by 0.6% in the fourth quarter. Brown Advisory Inc. now owns 321,273 shares of the company worth $23,759,000 after purchasing an additional 1,799 shares during the period. Lodge Hill Capital LLC increased its stake in shares of Monarch Casino & Resort by 29.5% in the fourth quarter. Lodge Hill Capital LLC now owns 208,561 shares of the company worth $15,423,000 after purchasing an additional 47,513 shares during the period. Finally, Epoch Investment Partners Inc. increased its stake in shares of Monarch Casino & Resort by 0.6% in the fourth quarter. Epoch Investment Partners Inc. now owns 156,897 shares of the company worth $11,603,000 after purchasing an additional 865 shares during the period. Institutional investors hold 62.45% of the company’s shares.

Analyst upgrades and downgrades

Several research companies have recently commented on the MCRI. Stifel Nicolaus downgraded Monarch Casino & Resort from a “buy” rating to a “hold” rating in a Thursday, April 21 research note. StockNews.com downgraded Monarch Casino & Resort from a “strong buy” rating to a “buy” rating in a Thursday, April 14 research rating. Jefferies Financial Group downgraded Monarch Casino & Resort from a “buy” rating to a “hold” rating and raised its price target for the stock from $85.00 to $90.00 in a Thursday research note April 21th. Finally, Truist Financial reduced its price target on Monarch Casino & Resort from $100.00 to $85.00 and placed a “buy” rating on the stock in a Wednesday, July 20 research note.

Monarch Casino & Resort Stock Up 1.6%

Shares of MCRI opened at $62.34 on Tuesday. The company’s 50-day moving average is $61.95 and its 200-day moving average is $70.97. The company has a market capitalization of $1.18 billion, a PE ratio of 15.29 and a beta of 1.69. Monarch Casino & Resort, Inc. has a 12-month low of $54.01 and a 12-month high of $94.26. The company has a current ratio of 0.59, a quick ratio of 0.54 and a debt ratio of 0.13.

Monarch Casino & Resort (NASDAQ: MCRIGet a rating) last reported results on Wednesday, July 20. The company reported earnings per share (EPS) of $0.99 for the quarter, missing the consensus estimate of $1.06 per ($0.07). Monarch Casino & Resort posted a net margin of 17.87% and a return on equity of 18.42%. Research analysts expect Monarch Casino & Resort, Inc. to post earnings per share of 4.39 for the current fiscal year.

Monarch Casino & Resort Company Profile

(Get a rating)

Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada. The company also owns and operates Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado. As of December 31, 2021, its Atlantis Casino Resort Spa had approximately 61,000 square feet of casino space; 818 rooms and suites; 8 food outlets; 2 gourmet cafés and pastry bars; a 30,000-square-foot spa and health salon with an enclosed pool; 2 retail outlets offering clothing and gift shop items; an 8,000 square foot family entertainment center; and approximately 52,000 square feet of banquet, convention and meeting space.

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Want to see which other hedge funds hold MCRIs? Visit HoldingsChannel.com to get the latest 13F deposits and insider transactions for Monarch Casino & Resort, Inc. (NASDAQ: MCRIGet a rating).

Institutional ownership by quarter for Monarch Casino & Resort (NASDAQ:MCRI)



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