Yousif Capital Management LLC Sells 322 Shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

Yousif Capital Management LLC trimmed its holdings in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRIFree Report) by 5.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,134 shares of the company’s stock after selling 322 shares during the quarter. Yousif Capital Management LLC’s holdings in Monarch Casino & Resort were worth $319,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. BlackRock Inc. increased its stake in Monarch Casino & Resort by 3.2% during the 2nd quarter. BlackRock Inc. now owns 2,337,231 shares of the company’s stock worth $164,658,000 after purchasing an additional 72,857 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Monarch Casino & Resort by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 929,878 shares of the company’s stock worth $52,203,000 after acquiring an additional 33,408 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Monarch Casino & Resort by 1.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 812,265 shares of the company’s stock worth $57,224,000 after acquiring an additional 10,754 shares in the last quarter. Macquarie Group Ltd. grew its stake in shares of Monarch Casino & Resort by 2.5% during the 2nd quarter. Macquarie Group Ltd. now owns 578,861 shares of the company’s stock worth $33,962,000 after acquiring an additional 14,291 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Monarch Casino & Resort by 925.0% during the 1st quarter. Invesco Ltd. now owns 570,410 shares of the company’s stock worth $49,757,000 after acquiring an additional 514,761 shares in the last quarter. 61.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Truist Financial cut shares of Monarch Casino & Resort from a “buy” rating to a “hold” rating and decreased their price target for the stock from $90.00 to $65.00 in a research note on Thursday, October 19th. StockNews.com raised shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research note on Saturday, January 13th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $70.00 price target on shares of Monarch Casino & Resort in a research note on Friday, January 5th.

View Our Latest Analysis on MCRI

Monarch Casino & Resort Trading Down 0.7 %

NASDAQ MCRI opened at $68.93 on Thursday. The company has a market cap of $1.31 billion, a PE ratio of 15.63 and a beta of 1.67. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 0.02. Monarch Casino & Resort, Inc. has a 12 month low of $56.25 and a 12 month high of $83.42. The stock has a 50 day moving average of $66.85 and a 200-day moving average of $65.64.

Monarch Casino & Resort Company Profile

(Free Report)

Monarch Casino & Resort, Inc, through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada. It also owns and operates the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado. The company was founded in 1972 and is based in Reno, Nevada.

Read More

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.