6,083 Shares in Monarch Casino & Resort, Inc. $MCRI Bought by First National Bank of Omaha

First National Bank of Omaha purchased a new stake in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,083 shares of the company’s stock, valued at approximately $644,000.

Other large investors have also recently modified their holdings of the company. Tributary Capital Management LLC lifted its holdings in shares of Monarch Casino & Resort by 57.8% during the 3rd quarter. Tributary Capital Management LLC now owns 389,306 shares of the company’s stock valued at $41,204,000 after purchasing an additional 142,621 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Monarch Casino & Resort by 20.0% during the second quarter. Geode Capital Management LLC now owns 391,868 shares of the company’s stock worth $33,877,000 after buying an additional 65,272 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Monarch Casino & Resort by 211.5% during the third quarter. Assenagon Asset Management S.A. now owns 68,092 shares of the company’s stock valued at $7,207,000 after buying an additional 46,235 shares during the last quarter. Norges Bank acquired a new position in shares of Monarch Casino & Resort in the 2nd quarter valued at $3,682,000. Finally, Lazard Asset Management LLC increased its position in shares of Monarch Casino & Resort by 1,483.4% in the 2nd quarter. Lazard Asset Management LLC now owns 42,561 shares of the company’s stock valued at $3,678,000 after acquiring an additional 39,873 shares during the period. Institutional investors own 62.37% of the company’s stock.

Insider Activity

In related news, CEO John Farahi sold 1,000 shares of Monarch Casino & Resort stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $100.63, for a total value of $100,630.00. Following the completion of the transaction, the chief executive officer directly owned 553,110 shares in the company, valued at approximately $55,659,459.30. This trade represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 25.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Wells Fargo & Company increased their price target on Monarch Casino & Resort from $92.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. Jefferies Financial Group restated a “hold” rating and set a $112.00 price target on shares of Monarch Casino & Resort in a research report on Wednesday, December 24th. Wall Street Zen lowered shares of Monarch Casino & Resort from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings restated a “buy (b-)” rating on shares of Monarch Casino & Resort in a research report on Monday, December 29th. Finally, Zacks Research raised shares of Monarch Casino & Resort from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Monarch Casino & Resort has an average rating of “Moderate Buy” and an average target price of $99.80.

Monarch Casino & Resort Trading Up 1.5%

MCRI stock opened at $96.10 on Friday. The company has a market capitalization of $1.75 billion, a PE ratio of 17.70 and a beta of 1.34. The business’s fifty day moving average price is $94.72 and its 200 day moving average price is $97.26. Monarch Casino & Resort, Inc. has a 12-month low of $69.99 and a 12-month high of $113.88.

Monarch Casino & Resort (NASDAQ:MCRI) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.12). The business had revenue of $140.00 million during the quarter, compared to analysts’ expectations of $139.39 million. Monarch Casino & Resort had a net margin of 18.60% and a return on equity of 18.68%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.22 EPS. Research analysts predict that Monarch Casino & Resort, Inc. will post 5.13 EPS for the current fiscal year.

Monarch Casino & Resort Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.2%. Monarch Casino & Resort’s dividend payout ratio is currently 22.10%.

Monarch Casino & Resort Company Profile

Monarch Casino & Resort, Inc is a publicly traded owner and operator of an integrated casino resort in Reno, Nevada. The company’s flagship property, the Atlantis Casino Resort Spa, features a full-service casino floor with table games, slot machines, and sports betting, complemented by a diverse portfolio of amenities. Guests can choose from over 800 rooms and suites, dine at multiple on-site restaurants and bars, unwind at the full-service spa and salon, or enjoy live entertainment in the property’s showroom.

Monarch’s revenue streams are diversified across gaming operations, hotel accommodations, food and beverage services, and convention and meeting facilities.