Monarch Casino & Resort, Inc. (NASDAQ:MCRI) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lowered its position in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 384,720 shares of the company’s stock after selling 3,938 shares during the period. Janus Henderson Group PLC’s holdings in Monarch Casino & Resort were worth $30,354,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. DAVENPORT & Co LLC increased its position in shares of Monarch Casino & Resort by 1.6% during the fourth quarter. DAVENPORT & Co LLC now owns 1,256,305 shares of the company’s stock worth $98,696,000 after purchasing an additional 19,845 shares in the last quarter. Vanguard Group Inc. increased its position in Monarch Casino & Resort by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 1,003,709 shares of the company’s stock valued at $79,193,000 after acquiring an additional 9,234 shares during the period. JPMorgan Chase & Co. increased its position in Monarch Casino & Resort by 8.6% in the 4th quarter. JPMorgan Chase & Co. now owns 918,734 shares of the company’s stock valued at $72,488,000 after acquiring an additional 72,764 shares during the period. American Century Companies Inc. increased its position in Monarch Casino & Resort by 9.3% in the 4th quarter. American Century Companies Inc. now owns 404,073 shares of the company’s stock valued at $31,881,000 after acquiring an additional 34,384 shares during the period. Finally, Fuller & Thaler Asset Management Inc. acquired a new position in Monarch Casino & Resort in the 4th quarter valued at about $19,346,000. Institutional investors and hedge funds own 62.37% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on MCRI shares. Truist Financial dropped their price target on Monarch Casino & Resort from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company boosted their price target on Monarch Casino & Resort from $79.00 to $82.00 and gave the company an “underweight” rating in a research report on Wednesday, February 12th. StockNews.com cut Monarch Casino & Resort from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 12th. Stifel Nicolaus dropped their price target on Monarch Casino & Resort from $90.00 to $81.00 and set a “hold” rating on the stock in a research report on Wednesday, April 23rd. Finally, Macquarie restated a “neutral” rating and issued a $92.00 price target on shares of Monarch Casino & Resort in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $88.60.

Monarch Casino & Resort Trading Up 0.2%

Shares of MCRI opened at $82.46 on Thursday. Monarch Casino & Resort, Inc. has a twelve month low of $64.58 and a twelve month high of $96.11. The stock’s 50 day moving average is $78.63 and its two-hundred day moving average is $82.29. The firm has a market capitalization of $1.52 billion, a PE ratio of 16.66 and a beta of 1.59.

Monarch Casino & Resort (NASDAQ:MCRI) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.01. Monarch Casino & Resort had a return on equity of 18.27% and a net margin of 18.01%. The company had revenue of $125.39 million for the quarter, compared to analyst estimates of $122.70 million. On average, sell-side analysts predict that Monarch Casino & Resort, Inc. will post 5.13 EPS for the current year.

About Monarch Casino & Resort

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.