Uniplan Investment Counsel Inc. Has $7.17 Million Stake in Monarch Casino & Resort, Inc. (MCRI)

Uniplan Investment Counsel Inc. trimmed its position in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 43.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 181,442 shares of the company’s stock after selling 137,626 shares during the quarter. Uniplan Investment Counsel Inc. owned approximately 1.03% of Monarch Casino & Resort worth $7,172,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in MCRI. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Monarch Casino & Resort in the 2nd quarter valued at $156,000. Macquarie Group Ltd. acquired a new stake in shares of Monarch Casino & Resort in the 3rd quarter valued at $171,000. Russell Investments Group Ltd. acquired a new stake in shares of Monarch Casino & Resort in the 2nd quarter valued at $173,000. Thrivent Financial For Lutherans purchased a new position in shares of Monarch Casino & Resort in the 2nd quarter valued at $201,000. Finally, Nationwide Fund Advisors grew its position in shares of Monarch Casino & Resort by 6.6% in the 2nd quarter. Nationwide Fund Advisors now owns 7,156 shares of the company’s stock valued at $216,000 after buying an additional 446 shares during the last quarter. Institutional investors and hedge funds own 58.29% of the company’s stock.

In other Monarch Casino & Resort news, major shareholder Ben Farahi sold 18,600 shares of the firm’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $43.76, for a total transaction of $813,936.00. Following the transaction, the insider now directly owns 1,107,172 shares of the company’s stock, valued at approximately $48,449,846.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Bob Farahi sold 2,020 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $45.53, for a total transaction of $91,970.60. Following the transaction, the president now directly owns 472,405 shares in the company, valued at $21,508,599.65. The disclosure for this sale can be found here. Insiders have sold a total of 110,234 shares of company stock worth $4,949,262 over the last three months. 27.56% of the stock is currently owned by insiders.

Monarch Casino & Resort, Inc. (NASDAQ MCRI) opened at $46.36 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 1.08. The company has a market cap of $809.80, a price-to-earnings ratio of 30.10 and a beta of 1.10. Monarch Casino & Resort, Inc. has a 52-week low of $23.10 and a 52-week high of $47.92.

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

A number of research analysts recently commented on the stock. BidaskClub raised shares of Monarch Casino & Resort from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. ValuEngine downgraded shares of Monarch Casino & Resort from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research raised shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Wednesday, October 11th. UBS raised shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. Finally, Union Gaming Research raised shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Monarch Casino & Resort has a consensus rating of “Buy” and an average target price of $53.25.

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About Monarch Casino & Resort

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.

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

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