SG Americas Securities LLC buys 501 shares of Monarch Casino & Resort, Inc. (NASDAQ: MCRI)


SG Americas Securities LLC increased its stake in Monarch Casino & Resort, Inc. (NASDAQ: MCRIGet an assessment) by 27.3% in the first quarter, according to its most recent Form 13F filed with the Securities & Exchange Commission. The company held 2,336 shares of the company after acquiring an additional 501 shares during the quarter. SG Americas Securities LLC’s holdings in Monarch Casino & Resort were worth $204,000 when it last filed with the Securities & Exchange Commission.

A number of other large investors have also recently changed their positions in MCRI. Denali Advisors LLC purchased a new stake in Monarch Casino & Resort in the first quarter valued at $113,000. Allspring Global Investments Holdings LLC purchased a new equity stake in Monarch Casino & Resort during the fourth quarter valued at $188,000. ProShare Advisors LLC purchased a new stake in shares of Monarch Casino & Resort during the fourth quarter at a value of $242,000. Annex Advisory Services LLC purchased a new stake in Monarch Casino & Resort in the first quarter valued at approximately $307,000. Finally, Brinker Capital Investments LLC purchased a new stake in Monarch Casino & Resort in the fourth quarter worth approximately $314,000. 62.45% of the shares are currently held by institutional investors.

Monarch Casino & Resort Trading up 1.5%

Monarch Casino & Resort Stocks opened at $65.39 on Thursday. 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, Inc. has a 12-month low of $54.01 and a 12-month high of $94.26. The stock’s 50-day simple moving average is $61.40 and its two-hundred-day simple moving average is $70.59. The company has a market capitalization of $1.23 billion, a PE ratio of 16.03 and a beta of 1.66.

Monarch Casino & Resort (NASDAQ: MCRIGet an assessment) last released its quarterly earnings data on Wednesday, July 20. The company reported EPS of $1.11 for the quarter, beating the consensus estimate of $1.08 by $0.03. Monarch Casino & Resort achieved a return on equity of 18.42% and a net margin of 17.87%. The company posted revenue of $115.29 million for the quarter, versus analyst estimates of $116.17 million. Analysts expect Monarch Casino & Resort, Inc. to post earnings per share of 4.39 for the current year.

Changes to analyst ratings

Several equity analysts have recently released reports on MCRI shares. Jefferies Financial Group downgraded shares of Monarch Casino & Resort from a ‘buy’ rating to a ‘hold’ rating and raised its price target for the company from $85.00 to $90.00 in a Thursday report April 21th. Stifel Nicolaus downgraded shares of Monarch Casino & Resort from a “buy” rating to a “hold” rating in a Thursday, April 21 report. StockNews.com upgraded shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating in a Wednesday, Aug. 3, report. Finally, Truist Financial cut its price target on Monarch Casino & Resort shares from $100.00 to $85.00 and set a “buy” rating on the stock in a Wednesday, July 20 report.

About Monarch Casino & Resort

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



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