Whittier Trust Co. Increases Holdings in Monarch Casino & Resort, Inc. (MCRI)

Share on StockTwits

Whittier Trust Co. raised its position in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 7.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,321 shares of the company’s stock after purchasing an additional 3,524 shares during the period. Whittier Trust Co. owned 0.29% of Monarch Casino & Resort worth $1,995,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MCRI. Assenagon Asset Management S.A. bought a new stake in shares of Monarch Casino & Resort during the 3rd quarter worth $3,154,000. BlackRock Inc. raised its position in Monarch Casino & Resort by 3.0% in the 3rd quarter. BlackRock Inc. now owns 1,705,125 shares of the company’s stock worth $77,498,000 after purchasing an additional 50,260 shares during the period. Vanguard Group Inc raised its position in Monarch Casino & Resort by 5.3% in the 3rd quarter. Vanguard Group Inc now owns 697,819 shares of the company’s stock worth $31,716,000 after purchasing an additional 35,341 shares during the period. Vanguard Group Inc. raised its position in Monarch Casino & Resort by 5.3% in the 3rd quarter. Vanguard Group Inc. now owns 697,819 shares of the company’s stock worth $31,716,000 after purchasing an additional 35,341 shares during the period. Finally, Brasada Capital Management LP raised its position in Monarch Casino & Resort by 20.1% in the 3rd quarter. Brasada Capital Management LP now owns 103,262 shares of the company’s stock worth $4,693,000 after purchasing an additional 17,309 shares during the period. 61.14% of the stock is owned by hedge funds and other institutional investors.

Shares of MCRI stock traded down $0.05 during mid-day trading on Thursday, reaching $43.31. The stock had a trading volume of 18,954 shares, compared to its average volume of 41,106. Monarch Casino & Resort, Inc. has a 52-week low of $34.45 and a 52-week high of $49.63. The stock has a market capitalization of $782.51 million, a price-to-earnings ratio of 23.67, a PEG ratio of 1.68 and a beta of 1.22. 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 (NASDAQ:MCRI) last released its quarterly earnings data on Wednesday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). Monarch Casino & Resort had a net margin of 14.19% and a return on equity of 11.92%. The firm had revenue of $59.78 million during the quarter, compared to analysts’ expectations of $56.40 million. Equities analysts predict that Monarch Casino & Resort, Inc. will post 2.08 EPS for the current year.

A number of equities analysts recently commented on MCRI shares. ValuEngine upgraded shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research report on Tuesday, December 18th. Citigroup cut shares of Monarch Casino & Resort from a “buy” rating to a “hold” rating in a research 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 research report on Wednesday, January 9th. Six investment analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average target price of $50.00.

TRADEMARK VIOLATION NOTICE: This report was first published by Fairfield Current and is the sole property of of Fairfield Current. If you are viewing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright and trademark law. The original version of this report can be read at https://www.fairfieldcurrent.com/news/2019/03/14/monarch-casino-resort-inc-mcri-holdings-boosted-by-whittier-trust-co.html.

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.

Further Reading: What is dollar cost averaging (DCA)?

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

Receive News & Ratings for Monarch Casino & Resort Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monarch Casino & Resort and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply