The stock of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) is a huge mover today! About 176,958 shares traded hands or 220.88% up from the average. Monarch Casino & Resort, Inc. (NASDAQ:MCRI) has risen 24.32% since April 20, 2016 and is uptrending. It has outperformed by 19.76% the S&P500.
The move comes after 7 months positive chart setup for the $439.04 million company. It was reported on Nov, 22 by Barchart.com. We have $27.62 PT which if reached, will make NASDAQ:MCRI worth $30.73 million more.
Monarch Casino & Resort, Inc. (NASDAQ:MCRI) Ratings Coverage
Out of 2 analysts covering Monarch Casino & Resort (NASDAQ:MCRI), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Monarch Casino & Resort has been the topic of 2 analyst reports since December 8, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Friday, October 14 by Gabelli. The stock of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) has “Buy” rating given on Tuesday, December 8 by Sidoti.
According to Zacks Investment Research, “Monarch Casino & Resort, Inc., through its wholly-owned subsidiary Golden Road Motor Inn, Inc., owns and operates the tropically-themed Atlantis Casino Resort in Reno, Nevada.”
Insitutional Activity: The institutional sentiment increased to 1.15 in 2016 Q2. Its up 0.05, from 1.1 in 2016Q1. The ratio increased, as 9 funds sold all Monarch Casino & Resort, Inc. shares owned while 32 reduced positions. 14 funds bought stakes while 31 increased positions. They now own 9.22 million shares or 0.77% less from 9.30 million shares in 2016Q1.
Ameriprise Incorporated accumulated 143,290 shares or 0% of the stock. Park West Asset Mgmt Limited Liability Corporation has 0.67% invested in the company for 300,271 shares. Morgan Stanley reported 45,644 shares or 0% of all its holdings. State Board Of Administration Of Florida Retirement holds 12,758 shares or 0% of its portfolio. Amp Limited last reported 14,500 shares in the company. The New York-based Cornerstone Capital Holding Llc has invested 0% in Monarch Casino & Resort, Inc. (NASDAQ:MCRI). Renaissance Ltd Co owns 192,000 shares or 0.01% of their US portfolio. Sg Cap Mgmt Limited reported 38,192 shares or 0.21% of all its holdings. Moreover, Northern Corporation has 0% invested in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) for 133,072 shares. State Teachers Retirement Systems accumulated 35,293 shares or 0% of the stock. Alliancebernstein Limited Partnership has 13,900 shares for 0% of their US portfolio. Metropolitan Life Insurance reported 7,871 shares or 0% of all its holdings. Davenport And Limited Liability Com has 0% invested in the company for 790,101 shares. Gsa Cap Prtnrs Llp last reported 22,231 shares in the company. California Public Employees Retirement System holds 38,000 shares or 0% of its portfolio.
Insider Transactions: Since August 17, 2016, the stock had 0 insider buys, and 2 insider sales for $366,160 net activity. 10,000 shares were sold by FARAHI BOB, worth $242,360 on Wednesday, August 17. Another trade for 5,000 shares valued at $123,800 was sold by Farahi David-Jacques.
More news for Monarch Casino & Resort, Inc. (NASDAQ:MCRI) were recently published by: Nasdaq.com, which released: “Zacks.com featured highlights: Monarch Casino & Resort, EnerSys, Ingredion …” on November 16, 2016. Equitiesfocus.com‘s article titled: “Monarch Casino & Resort, Inc. (NASDAQ:MCRI) Stock Gets Revised Target Of $27.67” and published on November 19, 2016 is yet another important article.
MCRI Company Profile
Monarch Casino & Resort, Inc. (Monarch), incorporated on June 11, 1993, through its subsidiary, owns and operates the Atlantis Casino Resort Spa (the Atlantis), a hotel/casino facility in Reno, Nevada. The Firm also owns and operates Monarch Casino Black Hawk. The Company’s divisions include Atlantis and Monarch Casino Black Hawk. The Atlantis is located approximately three miles south of downtown in the area of Reno, Nevada. The Atlantis includes three contiguous hotel towers. It features approximately 61,000 square feet of casino space; over 820 guest rooms and suites; approximately eight food outlets; over two espresso and pastry bars; approximately 30,000 square foot health spa and salon with an enclosed year-round pool; approximately two retail outlets offering clothing and traditional gift shop merchandise; approximately 8,000 square-foot family entertainment center, and over 52,000 square feet of banquet, convention and meeting room space. The casino features approximately 1,450 slot and video poker machines; over 40 table games, including blackjack, craps, roulette, and others; a race and sports book; a 24-hour live keno lounge, and a poker room. The Atlantis comprises a range of restaurants, including Toucan Charlie’s Buffet & Grill, Atlantis Steakhouse, Bistro Napa, Oyster Bar on the Sky Terrace, Sushi Bar and Chicago Dogs Eatery.
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