New York State Teachers Retirement System Has $1.94 Million Stock Holdings in Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

New York State Teachers Retirement System decreased its position in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 5.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,496 shares of the company’s stock after selling 1,445 shares during the quarter. New York State Teachers Retirement System owned about 0.13% of Monarch Casino & Resort worth $1,942,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. bought a new stake in shares of Monarch Casino & Resort in the 3rd quarter valued at $30,000. Trust Point Inc. increased its stake in shares of Monarch Casino & Resort by 1.5% in the 3rd quarter. Trust Point Inc. now owns 11,008 shares of the company’s stock valued at $873,000 after acquiring an additional 162 shares in the last quarter. Heritage Family Offices LLP bought a new stake in shares of Monarch Casino & Resort in the 3rd quarter valued at $222,000. Exchange Traded Concepts LLC increased its stake in shares of Monarch Casino & Resort by 96.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 9,698 shares of the company’s stock valued at $769,000 after acquiring an additional 4,762 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Monarch Casino & Resort by 61.0% in the 3rd quarter. GAMMA Investing LLC now owns 470 shares of the company’s stock valued at $37,000 after acquiring an additional 178 shares in the last quarter. Institutional investors own 62.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Truist Financial lifted their price objective on shares of Monarch Casino & Resort from $75.00 to $82.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus boosted their price target on shares of Monarch Casino & Resort from $72.00 to $77.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. StockNews.com lowered shares of Monarch Casino & Resort from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Finally, Macquarie restated a “neutral” rating and set a $76.00 price target on shares of Monarch Casino & Resort in a research note on Thursday, July 25th.

Monarch Casino & Resort Stock Performance

Shares of NASDAQ:MCRI opened at $82.84 on Friday. The company’s 50-day moving average is $77.07 and its 200 day moving average is $72.26. The company has a market capitalization of $1.53 billion, a P/E ratio of 18.33 and a beta of 1.73. Monarch Casino & Resort, Inc. has a fifty-two week low of $61.96 and a fifty-two week high of $83.91.

Monarch Casino & Resort (NASDAQ:MCRI) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.10. Monarch Casino & Resort had a return on equity of 17.06% and a net margin of 16.82%. The business had revenue of $137.87 million for the quarter, compared to analysts’ expectations of $134.50 million. During the same period in the previous year, the business posted $1.38 EPS. As a group, research analysts predict that Monarch Casino & Resort, Inc. will post 4.72 earnings per share for the current year.

About Monarch Casino & Resort

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.