Swiss National Bank Has $1.17 Million Stock Position in Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

Swiss National Bank increased its stake in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 3.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,111 shares of the company’s stock after purchasing an additional 800 shares during the quarter. Swiss National Bank owned approximately 0.13% of Monarch Casino & Resort worth $1,171,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of MCRI. Nisa Investment Advisors LLC purchased a new stake in Monarch Casino & Resort during the fourth quarter valued at about $53,000. SG Americas Securities LLC acquired a new stake in shares of Monarch Casino & Resort during the fourth quarter valued at approximately $105,000. Russell Investments Group Ltd. acquired a new stake in shares of Monarch Casino & Resort during the third quarter valued at approximately $150,000. State of Tennessee Treasury Department raised its holdings in shares of Monarch Casino & Resort by 8.5% during the third quarter. State of Tennessee Treasury Department now owns 4,507 shares of the company’s stock valued at $188,000 after acquiring an additional 354 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of Monarch Casino & Resort by 32.9% in the 4th quarter. Victory Capital Management Inc. now owns 6,009 shares of the company’s stock valued at $323,000 after acquiring an additional 1,486 shares in the last quarter. 61.64% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on MCRI shares. Jefferies Financial Group upgraded shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $46.00 to $58.00 in a research report on Monday, January 6th. BidaskClub cut Monarch Casino & Resort from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Zacks Investment Research raised Monarch Casino & Resort from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 1st.

Shares of MCRI traded down $3.98 during trading hours on Monday, reaching $34.48. The company’s stock had a trading volume of 16,877 shares, compared to its average volume of 223,895. The company has a 50 day moving average of $52.32 and a two-hundred day moving average of $46.92. The company has a quick ratio of 0.67, a current ratio of 0.75 and a debt-to-equity ratio of 0.47. The firm has a market cap of $707.55 million, a price-to-earnings ratio of 19.48 and a beta of 1.02. Monarch Casino & Resort, Inc. has a 1-year low of $37.07 and a 1-year high of $57.57.

Monarch Casino & Resort Profile

Monarch Casino & Resort, Inc, through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada. It also owns and operates the Monarch Casino Black Hawk in Black Hawk, Colorado. As of February 20, 2019, the company's Atlantis Casino Resort Spa featured approximately 61,000 square feet of casino space; 824 guest rooms; 8 food outlets; 2 espresso and pastry bars; a 30,000 square-foot health spa and salon with an enclosed pool; 2 retail outlets offering clothing and gift shop merchandise; an 8,000 square-foot family entertainment center; and approximately 52,000 square feet of banquet, convention, and meeting room space.

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

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