Yousif Capital Management LLC Trims Stock Position in Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

Yousif Capital Management LLC decreased its holdings in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 9.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,651 shares of the company’s stock after selling 483 shares during the quarter. Yousif Capital Management LLC’s holdings in Monarch Casino & Resort were worth $322,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in MCRI. Allspring Global Investments Holdings LLC grew its position in shares of Monarch Casino & Resort by 40.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 637 shares of the company’s stock valued at $40,000 after acquiring an additional 184 shares during the period. Manning & Napier Group LLC grew its holdings in Monarch Casino & Resort by 0.3% during the fourth quarter. Manning & Napier Group LLC now owns 70,304 shares of the company’s stock valued at $4,862,000 after purchasing an additional 200 shares during the period. Cambiar Investors LLC increased its position in Monarch Casino & Resort by 0.5% in the fourth quarter. Cambiar Investors LLC now owns 37,972 shares of the company’s stock worth $2,626,000 after buying an additional 202 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Monarch Casino & Resort by 0.7% in the third quarter. Rhumbline Advisers now owns 31,561 shares of the company’s stock worth $1,960,000 after buying an additional 228 shares during the period. Finally, First National Bank of Omaha lifted its position in shares of Monarch Casino & Resort by 3.5% during the 3rd quarter. First National Bank of Omaha now owns 11,422 shares of the company’s stock valued at $709,000 after buying an additional 387 shares in the last quarter. 62.37% of the stock is currently owned by institutional investors.

Monarch Casino & Resort Trading Down 0.6 %

MCRI stock opened at $68.60 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.51 and a quick ratio of 0.45. Monarch Casino & Resort, Inc. has a 1-year low of $56.25 and a 1-year high of $75.40. The business has a 50 day simple moving average of $70.66 and a two-hundred day simple moving average of $67.65. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 16.22 and a beta of 1.68.

Monarch Casino & Resort (NASDAQ:MCRI) last posted its earnings results on Wednesday, February 14th. The company reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.11). The company had revenue of $128.19 million for the quarter, compared to analysts’ expectations of $119.33 million. Monarch Casino & Resort had a net margin of 16.40% and a return on equity of 17.13%. Research analysts anticipate that Monarch Casino & Resort, Inc. will post 4.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Macquarie raised their target price on shares of Monarch Casino & Resort from $75.00 to $76.00 and gave the stock a “neutral” rating in a research note on Thursday, April 18th. Truist Financial raised their price objective on shares of Monarch Casino & Resort from $72.00 to $74.00 and gave the company a “hold” rating in a research report on Thursday, February 15th. Finally, StockNews.com raised shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating in a report on Saturday, March 9th.

Monarch Casino & Resort Profile

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 incorporated in 1993 and is based in Reno, Nevada.