Monarch Casino & Resort Inc. (NASDAQ:MCRI) COO David-Jacques Farahi sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $24.76, for a total value of $123,800.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Monarch Casino & Resort Inc. (NASDAQ:MCRI) opened at 24.91 on Friday. Monarch Casino & Resort Inc. has a 12-month low of $17.29 and a 12-month high of $26.13. The firm has a market capitalization of $432.64 million, a price-to-earnings ratio of 18.87 and a beta of 0.98. The company’s 50-day moving average price is $24.11 and its 200-day moving average price is $22.86.

Monarch Casino & Resort (NASDAQ:MCRI) last released its quarterly earnings data on Tuesday, October 25th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.07. Monarch Casino & Resort had a return on equity of 10.88% and a net margin of 10.91%. Equities analysts expect that Monarch Casino & Resort Inc. will post $1.36 EPS for the current fiscal year.

A number of brokerages have recently commented on MCRI. Zacks Investment Research lowered Monarch Casino & Resort from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 21st. Gabelli began coverage on Monarch Casino & Resort in a report on Friday, October 14th. They set a “hold” rating and a $27.00 price target on the stock.

Several hedge funds have recently added to or reduced their stakes in MCRI. BlackRock Advisors LLC boosted its stake in Monarch Casino & Resort by 1.8% in the third quarter. BlackRock Advisors LLC now owns 5,792 shares of the company’s stock worth $146,000 after buying an additional 102 shares in the last quarter. American International Group Inc. boosted its stake in Monarch Casino & Resort by 1.1% in the second quarter. American International Group Inc. now owns 7,942 shares of the company’s stock worth $174,000 after buying an additional 90 shares in the last quarter. Texas Permanent School Fund purchased a new stake in Monarch Casino & Resort during the third quarter worth about $209,000. BlackRock Group LTD boosted its stake in Monarch Casino & Resort by 12.6% in the second quarter. BlackRock Group LTD now owns 9,548 shares of the company’s stock worth $210,000 after buying an additional 1,070 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in Monarch Casino & Resort during the third quarter worth about $214,000. Institutional investors and hedge funds own 55.89% of the company’s stock.

Monarch Casino & Resort Company Profile

Monarch Casino & Resort, Inc (Monarch), through its subsidiary, owns and operates the Atlantis Casino Resort Spa (the Atlantis), a hotel/casino facility in Reno, Nevada. The Company also owns and operates Monarch Casino Black Hawk. The Company’s operating segments include Atlantis and Monarch Casino Black Hawk.

5 Day Chart for NASDAQ:MCRI

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