Exchange Traded Concepts LLC Has $769,000 Stock Holdings in Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

Exchange Traded Concepts LLC lifted its stake in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 96.5% in the 3rd quarter, Holdings Channel reports. The fund owned 9,698 shares of the company’s stock after acquiring an additional 4,762 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Monarch Casino & Resort were worth $769,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MCRI. Annex Advisory Services LLC increased its position in shares of Monarch Casino & Resort by 9.2% during the first quarter. Annex Advisory Services LLC now owns 14,078 shares of the company’s stock worth $1,056,000 after acquiring an additional 1,189 shares in the last quarter. Diversified Trust Co bought a new position in Monarch Casino & Resort in the first quarter valued at $203,000. Principal Financial Group Inc. grew its position in Monarch Casino & Resort by 0.7% in the first quarter. Principal Financial Group Inc. now owns 72,531 shares of the company’s stock valued at $5,439,000 after purchasing an additional 491 shares in the last quarter. Vest Financial LLC bought a new position in Monarch Casino & Resort in the first quarter valued at $872,000. Finally, BNP Paribas Financial Markets grew its position in Monarch Casino & Resort by 11.9% in the first quarter. BNP Paribas Financial Markets now owns 14,818 shares of the company’s stock valued at $1,111,000 after purchasing an additional 1,581 shares in the last quarter. Institutional investors own 62.37% of the company’s stock.

Monarch Casino & Resort Price Performance

Shares of MCRI opened at $75.92 on Friday. The firm has a 50-day moving average of $75.73 and a 200-day moving average of $71.44. Monarch Casino & Resort, Inc. has a one year low of $56.25 and a one year high of $80.22. The company has a market cap of $1.42 billion, a PE ratio of 17.95 and a beta of 1.73.

Monarch Casino & Resort (NASDAQ:MCRI) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. Monarch Casino & Resort had a net margin of 16.31% and a return on equity of 17.05%. The company had revenue of $128.14 million during the quarter, compared to the consensus estimate of $126.03 million. Analysts expect that Monarch Casino & Resort, Inc. will post 4.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Truist Financial raised their target price on shares of Monarch Casino & Resort from $74.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Macquarie reaffirmed a “neutral” rating and issued a $76.00 target price on shares of Monarch Casino & Resort in a research report on Thursday, July 25th.

Monarch Casino & Resort Company 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.