Uniplan Investment Counsel Inc. Decreases Holdings in Monarch Casino & Resort, Inc. (MCRI)

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Uniplan Investment Counsel Inc. cut its holdings in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 4.2% during the 4th quarter, HoldingsChannel reports. The fund owned 141,469 shares of the company’s stock after selling 6,239 shares during the quarter. Uniplan Investment Counsel Inc.’s holdings in Monarch Casino & Resort were worth $5,395,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Oregon Public Employees Retirement Fund purchased a new position in shares of Monarch Casino & Resort during the fourth quarter worth approximately $171,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Monarch Casino & Resort by 11.6% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 6,255 shares of the company’s stock worth $238,000 after acquiring an additional 652 shares in the last quarter. Texas Permanent School Fund raised its stake in shares of Monarch Casino & Resort by 4.1% during the fourth quarter. Texas Permanent School Fund now owns 7,728 shares of the company’s stock worth $295,000 after acquiring an additional 301 shares in the last quarter. Virginia Retirement Systems ET AL purchased a new position in shares of Monarch Casino & Resort during the fourth quarter worth approximately $320,000. Finally, MetLife Investment Advisors LLC raised its stake in shares of Monarch Casino & Resort by 59.9% during the third quarter. MetLife Investment Advisors LLC now owns 8,417 shares of the company’s stock worth $383,000 after acquiring an additional 3,152 shares in the last quarter. 61.14% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Monarch Casino & Resort stock opened at $43.34 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 0.31. Monarch Casino & Resort, Inc. has a 52-week low of $34.45 and a 52-week high of $49.63. The company has a market capitalization of $775.53 million, a PE ratio of 23.68, a PEG ratio of 1.68 and a beta of 1.22.

Monarch Casino & Resort (NASDAQ:MCRI) last issued its earnings results on Wednesday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.03). Monarch Casino & Resort had a return on equity of 11.92% and a net margin of 14.19%. The firm had revenue of $59.78 million during the quarter, compared to the consensus estimate of $56.40 million. As a group, analysts predict that Monarch Casino & Resort, Inc. will post 2.08 EPS for the current year.

Several research analysts have recently issued reports on MCRI shares. ValuEngine upgraded shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating in a report on Tuesday, December 18th. Citigroup cut shares of Monarch Casino & Resort from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. They noted that the move was a valuation call. Finally, BidaskClub upgraded shares of Monarch Casino & Resort from a “sell” rating to a “hold” rating in a report on Wednesday, January 9th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $50.00.

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Monarch Casino & Resort Company Profile

Monarch Casino & Resort, Inc, through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada. It also owns and operates the Monarch Casino Black Hawk in Black Hawk, Colorado. As of March 5, 2018, the company's Atlantis Casino Resort Spa featured approximately 61,000 square feet of casino space; 824 guest rooms; 8 food outlets; 2 espresso and pastry bars; a 30,000 square-foot health spa and salon with an enclosed pool; 2 retail outlets offering clothing and gift shop merchandise; an 8,000 square-foot family entertainment center; and approximately 52,000 square feet of banquet, convention, and meeting room space.

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Want to see what other hedge funds are holding MCRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monarch Casino & Resort, Inc. (NASDAQ:MCRI).

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

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