Monarch Casino & Resort, Inc. (NASDAQ:MCRI) Position Reduced by Uniplan Investment Counsel Inc.

Uniplan Investment Counsel Inc. lowered its stake in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 43.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 181,442 shares of the company’s stock after selling 137,626 shares during the period. Uniplan Investment Counsel Inc. owned approximately 1.03% of Monarch Casino & Resort worth $7,172,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. TIAA CREF Investment Management LLC raised its holdings in shares of Monarch Casino & Resort by 26.2% in the 1st quarter. TIAA CREF Investment Management LLC now owns 37,873 shares of the company’s stock worth $1,119,000 after acquiring an additional 7,855 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Monarch Casino & Resort by 10.4% during the 1st quarter. Vanguard Group Inc. now owns 580,692 shares of the company’s stock valued at $17,153,000 after acquiring an additional 54,762 shares during the period. Geode Capital Management LLC boosted its holdings in Monarch Casino & Resort by 6.3% in the 1st quarter. Geode Capital Management LLC now owns 95,134 shares of the company’s stock worth $2,810,000 after buying an additional 5,677 shares during the period. Bank of America Corp DE boosted its holdings in Monarch Casino & Resort by 114.4% in the 1st quarter. Bank of America Corp DE now owns 18,904 shares of the company’s stock worth $558,000 after buying an additional 10,085 shares during the period. Finally, Russell Investments Group Ltd. bought a new position in Monarch Casino & Resort in the 2nd quarter worth approximately $173,000. Hedge funds and other institutional investors own 58.29% of the company’s stock.

In other Monarch Casino & Resort news, President Bob Farahi sold 12,242 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $46.13, for a total value of $564,723.46. Following the completion of the transaction, the president now directly owns 378,074 shares in the company, valued at $17,440,553.62. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Ben Farahi sold 35,000 shares of the company’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $42.99, for a total transaction of $1,504,650.00. Following the transaction, the insider now owns 1,125,772 shares of the company’s stock, valued at approximately $48,396,938.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 138,476 shares of company stock valued at $6,259,906. Company insiders own 27.56% of the company’s stock.

MCRI has been the subject of several analyst reports. Union Gaming Research raised shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating in a report on Wednesday, October 25th. UBS Group upgraded shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. Zacks Investment Research upgraded shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Wednesday, October 11th. ValuEngine upgraded shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Finally, BidaskClub lowered shares of Monarch Casino & Resort from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $53.25.

Monarch Casino & Resort, Inc. (NASDAQ MCRI) traded down $0.64 during trading hours on Friday, reaching $44.82. 48,877 shares of the company traded hands, compared to its average volume of 63,551. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 1.08. The company has a market capitalization of $804.66, a price-to-earnings ratio of 29.49 and a beta of 1.10. Monarch Casino & Resort, Inc. has a 1-year low of $23.10 and a 1-year high of $47.92.

Monarch Casino & Resort (NASDAQ:MCRI) last released its quarterly earnings data on Tuesday, October 24th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. Monarch Casino & Resort had a net margin of 11.99% and a return on equity of 11.25%. The firm had revenue of $63.03 million during the quarter, compared to analysts’ expectations of $60.05 million. analysts anticipate that Monarch Casino & Resort, Inc. will post 1.51 earnings per share for the current year.

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About Monarch Casino & Resort

Monarch Casino & Resort, Inc (Monarch), through its subsidiary, owns and operates the Atlantis Casino Resort Spa (the Atlantis), a hotel/casino facility in Reno, Nevada. The Company also owns and operates Monarch Casino Black Hawk. The Company’s segments include Atlantis and Monarch Casino Black Hawk.

Institutional Ownership by Quarter for Monarch Casino & Resort (NASDAQ:MCRI)

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