Whittier Trust Co. Has $2.40 Million Position in Monarch Casino & Resort, Inc. (MCRI)

Whittier Trust Co. increased its position in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 4.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,734 shares of the company’s stock after acquiring an additional 2,413 shares during the period. Whittier Trust Co. owned approximately 0.30% of Monarch Casino & Resort worth $2,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of MCRI. BlackRock Inc. grew its position in shares of Monarch Casino & Resort by 3.0% during the 3rd quarter. BlackRock Inc. now owns 1,705,125 shares of the company’s stock valued at $77,498,000 after acquiring an additional 50,260 shares during the period. Vanguard Group Inc boosted its holdings 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 buying an additional 35,341 shares during the last quarter. Vanguard Group Inc. boosted its holdings 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 buying an additional 35,341 shares during the last quarter. Icon Advisers Inc. Co. acquired a new stake in Monarch Casino & Resort in the 4th quarter worth about $461,000. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Monarch Casino & Resort by 87.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 24,917 shares of the company’s stock worth $1,094,000 after purchasing an additional 11,600 shares during the last quarter. Institutional investors own 59.32% of the company’s stock.

MCRI has been the topic of several recent research reports. ValuEngine cut Monarch Casino & Resort from a “buy” rating to a “hold” rating in a report on Saturday, February 2nd. Citigroup lowered 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 lowered shares of Monarch Casino & Resort from a “hold” rating to a “sell” rating in a research report on Saturday, March 16th. Six equities research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus price target of $50.00.

Shares of MCRI stock traded down $0.73 during trading on Thursday, hitting $43.66. 53,500 shares of the stock traded hands, compared to its average volume of 44,406. The firm has a market cap of $796.77 million, a PE ratio of 23.86, a PEG ratio of 1.85 and a beta of 1.17. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.56 and a current ratio of 0.62. Monarch Casino & Resort, Inc. has a 52-week low of $34.45 and a 52-week high of $49.63.

Monarch Casino & Resort (NASDAQ:MCRI) last announced its earnings results on Wednesday, April 24th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The company had revenue of $58.74 million for the quarter, compared to analyst estimates of $56.40 million. Monarch Casino & Resort had a return on equity of 11.61% and a net margin of 14.16%. Equities research analysts predict that Monarch Casino & Resort, Inc. will post 1.91 EPS for the current fiscal year.

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Monarch Casino & Resort 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 February 20, 2019, 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.

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

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