Wellington Management Group LLP Sells 9,122 Shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

Wellington Management Group LLP decreased its holdings in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 4.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 210,503 shares of the company’s stock after selling 9,122 shares during the period. Wellington Management Group LLP’s holdings in Monarch Casino & Resort were worth $16,609,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. FMR LLC boosted its stake in shares of Monarch Casino & Resort by 1.1% during the 3rd quarter. FMR LLC now owns 134,098 shares of the company’s stock worth $10,630,000 after buying an additional 1,396 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Monarch Casino & Resort by 39.7% during the third quarter. BNP Paribas Financial Markets now owns 7,446 shares of the company’s stock valued at $590,000 after purchasing an additional 2,117 shares during the last quarter. HighTower Advisors LLC bought a new position in Monarch Casino & Resort in the third quarter valued at approximately $258,000. Jane Street Group LLC increased its position in shares of Monarch Casino & Resort by 518.8% during the 3rd quarter. Jane Street Group LLC now owns 117,072 shares of the company’s stock worth $9,280,000 after purchasing an additional 98,153 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Monarch Casino & Resort by 108.2% during the 3rd quarter. Barclays PLC now owns 33,508 shares of the company’s stock worth $2,656,000 after purchasing an additional 17,413 shares in the last quarter. Institutional investors own 62.37% of the company’s stock.

Monarch Casino & Resort Trading Down 0.6 %

MCRI opened at $72.42 on Wednesday. The company’s 50 day moving average is $84.98 and its 200-day moving average is $82.22. The company has a market cap of $1.34 billion, a P/E ratio of 14.63 and a beta of 1.57. Monarch Casino & Resort, Inc. has a 1-year low of $64.50 and a 1-year high of $96.11.

Monarch Casino & Resort (NASDAQ:MCRI) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.23. Monarch Casino & Resort had a return on equity of 18.27% and a net margin of 18.01%. During the same quarter last year, the business earned $1.03 EPS. On average, equities analysts forecast that Monarch Casino & Resort, Inc. will post 5.13 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MCRI. Wells Fargo & Company boosted their target price on shares of Monarch Casino & Resort from $79.00 to $82.00 and gave the stock an “underweight” rating in a report on Wednesday, February 12th. Jefferies Financial Group upped their target price on shares of Monarch Casino & Resort from $73.00 to $88.00 and gave the company a “hold” rating in a report on Friday, January 3rd. StockNews.com downgraded Monarch Casino & Resort from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 12th. Truist Financial raised Monarch Casino & Resort from a “hold” rating to a “buy” rating and raised their price objective for the company from $82.00 to $100.00 in a research report on Tuesday, January 14th. Finally, Stifel Nicolaus boosted their target price on Monarch Casino & Resort from $80.00 to $90.00 and gave the stock a “hold” rating in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $87.20.

Monarch Casino & Resort Company Profile

Monarch Casino & Resort, Inc engages in the ownership and operation of the Atlantis Casino Resort Spa, a hotel and casino facility in Reno, Nevada, and the Monarch Black Hawk Casino in Black Hawk, Colorado. The company was founded in 1993 and is headquartered in Reno, NV.