Segall Bryant & Hamill LLC Acquires Shares of 12,738 Monarch Casino & Resort, Inc. $MCRI

Segall Bryant & Hamill LLC bought a new position in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 12,738 shares of the company’s stock, valued at approximately $1,348,000.

A number of other large investors have also modified their holdings of the business. AQR Capital Management LLC lifted its stake 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake 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 valued at $592,000 after acquiring an additional 316 shares in the last quarter. Envestnet Asset Management Inc. grew its stake 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 valued at $5,571,000 after acquiring an additional 21,807 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Monarch Casino & Resort in the 2nd quarter valued at about $262,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Monarch Casino & Resort by 29.7% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,353 shares of the company’s stock worth $463,000 after purchasing an additional 1,225 shares in the last quarter. Hedge funds and other institutional investors own 62.37% of the company’s stock.

Monarch Casino & Resort Stock Performance

Monarch Casino & Resort stock opened at $98.54 on Friday. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 18.15 and a beta of 1.29. The company’s 50 day simple moving average is $94.22 and its 200-day simple moving average is $97.04. Monarch Casino & Resort, Inc. has a 1 year low of $69.99 and a 1 year high of $113.88.

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

Monarch Casino & Resort Dividend Announcement

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

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Monarch Casino & Resort news, CEO John Farahi sold 1,000 shares of the business’s 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 25.52% of the stock is currently owned by corporate insiders.

Monarch Casino & Resort Company Profile

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.