Voya Investment Management LLC Has $3 Million Stock Holdings in Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

Voya Investment Management LLC boosted its holdings in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 128.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,057 shares of the company’s stock after buying an additional 21,391 shares during the period. Voya Investment Management LLC owned approximately 0.21% of Monarch Casino & Resort worth $3,003,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Barclays PLC raised its holdings in shares of Monarch Casino & Resort by 108.2% in the 3rd quarter. Barclays PLC now owns 33,508 shares of the company’s stock worth $2,656,000 after acquiring an additional 17,413 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Monarch Casino & Resort by 7.3% in the third quarter. Franklin Resources Inc. now owns 8,822 shares of the company’s stock valued at $665,000 after purchasing an additional 597 shares in the last quarter. Heritage Family Offices LLP lifted its holdings in shares of Monarch Casino & Resort by 7.0% in the fourth quarter. Heritage Family Offices LLP now owns 2,993 shares of the company’s stock valued at $236,000 after purchasing an additional 196 shares in the last quarter. Ritholtz Wealth Management purchased a new position in shares of Monarch Casino & Resort during the fourth quarter valued at approximately $254,000. Finally, Annex Advisory Services LLC grew its holdings in Monarch Casino & Resort by 28.5% during the fourth quarter. Annex Advisory Services LLC now owns 15,953 shares of the company’s stock worth $1,259,000 after buying an additional 3,541 shares in the last quarter. 62.37% of the stock is owned by institutional investors.

Monarch Casino & Resort Trading Up 1.4 %

NASDAQ:MCRI opened at $79.26 on Friday. Monarch Casino & Resort, Inc. has a 12 month low of $64.58 and a 12 month high of $96.11. The firm’s 50 day moving average is $80.13 and its 200 day moving average is $82.06. The stock has a market capitalization of $1.46 billion, a PE ratio of 16.01 and a beta of 1.57.

Monarch Casino & Resort (NASDAQ:MCRI) last issued its earnings results on Tuesday, April 22nd. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.01. The firm had revenue of $125.39 million for the quarter, compared to analyst estimates of $122.70 million. Monarch Casino & Resort had a return on equity of 18.27% and a net margin of 18.01%. Research analysts predict that Monarch Casino & Resort, Inc. will post 5.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MCRI. Macquarie reiterated a “neutral” rating and issued a $92.00 target price on shares of Monarch Casino & Resort in a report on Wednesday, April 23rd. Wells Fargo & Company upped their price objective on shares of Monarch Casino & Resort from $79.00 to $82.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 12th. Truist Financial dropped their target price on shares of Monarch Casino & Resort from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Stifel Nicolaus decreased their price target on Monarch Casino & Resort from $90.00 to $81.00 and set a “hold” rating for the company in a research report on Wednesday, April 23rd. Finally, Jefferies Financial Group boosted their price objective on Monarch Casino & Resort from $73.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $88.60.

Monarch Casino & Resort Company Profile

Monarch Casino & Resort, Inc engages in the ownership and operation of the Atlantis Casino Resort Spa, a hotel and casino facility in Reno, Nevada, and the Monarch Black Hawk Casino in Black Hawk, Colorado. The company was founded in 1993 and is headquartered in Reno, NV.