Monarch Casino & Resort, Inc. (MCRI) President Bob Farahi Sells 11,111 Shares

Monarch Casino & Resort, Inc. (NASDAQ:MCRI) President Bob Farahi sold 11,111 shares of Monarch Casino & Resort stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $46.17, for a total value of $512,994.87. Following the sale, the president now directly owns 435,959 shares in the company, valued at $20,128,227.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Bob Farahi also recently made the following trade(s):

  • On Friday, November 17th, Bob Farahi sold 3,000 shares of Monarch Casino & Resort stock. The shares were sold at an average price of $46.04, for a total value of $138,120.00.
  • On Wednesday, November 15th, Bob Farahi sold 4,101 shares of Monarch Casino & Resort stock. The shares were sold at an average price of $45.51, for a total value of $186,636.51.
  • On Friday, November 10th, Bob Farahi sold 2,020 shares of Monarch Casino & Resort stock. The shares were sold at an average price of $45.53, for a total value of $91,970.60.
  • On Wednesday, November 8th, Bob Farahi sold 91 shares of Monarch Casino & Resort stock. The shares were sold at an average price of $46.20, for a total value of $4,204.20.
  • On Monday, November 13th, Bob Farahi sold 10,111 shares of Monarch Casino & Resort stock. The shares were sold at an average price of $45.48, for a total value of $459,848.28.

Monarch Casino & Resort, Inc. (NASDAQ:MCRI) traded up $0.44 during midday trading on Tuesday, hitting $46.48. The stock had a trading volume of 88,187 shares, compared to its average volume of 45,330. The company has a market capitalization of $814.26, a P/E ratio of 30.17 and a beta of 1.09. Monarch Casino & Resort, Inc. has a 52-week low of $23.10 and a 52-week high of $46.51. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.08 and a current ratio of 1.17.

Monarch Casino & Resort (NASDAQ:MCRI) last released its quarterly earnings data on Tuesday, October 24th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The firm had revenue of $63.03 million during the quarter, compared to the consensus estimate of $60.05 million. Monarch Casino & Resort had a return on equity of 11.25% and a net margin of 11.99%. equities analysts expect that Monarch Casino & Resort, Inc. will post 1.51 EPS for the current year.

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Several large investors have recently made changes to their positions in MCRI. Uniplan Investment Counsel Inc. boosted its position in shares of Monarch Casino & Resort by 40.3% during the second quarter. Uniplan Investment Counsel Inc. now owns 319,068 shares of the company’s stock valued at $9,651,000 after buying an additional 91,659 shares during the last quarter. EAM Investors LLC purchased a new position in Monarch Casino & Resort in the third quarter worth $2,200,000. Vanguard Group Inc. lifted its position in shares of Monarch Casino & Resort by 10.4% during the 1st quarter. Vanguard Group Inc. now owns 580,692 shares of the company’s stock valued at $17,153,000 after buying an additional 54,762 shares during the last quarter. Intrinsic Edge Capital Management LLC purchased a new position in shares of Monarch Casino & Resort during the 2nd quarter valued at $1,500,000. Finally, AJO LP purchased a new position in shares of Monarch Casino & Resort during the 2nd quarter valued at $1,416,000. 56.60% of the stock is currently owned by institutional investors.

A number of brokerages have recently issued reports on MCRI. Stifel Nicolaus restated a “hold” rating and set a $33.00 price objective on shares of Monarch Casino & Resort in a research report on Friday, July 28th. BidaskClub upgraded Monarch Casino & Resort from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Zacks Investment Research downgraded Monarch Casino & Resort from a “buy” rating to a “hold” rating in a research report on Saturday, July 29th. UBS AG upgraded Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. Finally, ValuEngine upgraded Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $53.25.

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 segments include Atlantis and Monarch Casino Black Hawk.

Insider Buying and Selling by Quarter for Monarch Casino & Resort (NASDAQ:MCRI)

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