Craig F. Sullivan Sells 4,883 Shares of Monarch Casino & Resort, Inc. (MCRI) Stock

Monarch Casino & Resort, Inc. (NASDAQ:MCRI) Director Craig F. Sullivan sold 4,883 shares of the stock in a transaction that occurred on Friday, June 8th. The stock was sold at an average price of $31.04, for a total value of $151,568.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Craig F. Sullivan also recently made the following trade(s):

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  • On Saturday, October 27th, Craig F. Sullivan sold 3,000 shares of Monarch Casino & Resort stock. The stock was sold at an average price of $43.75, for a total value of $131,250.00.

NASDAQ:MCRI opened at $42.29 on Friday. Monarch Casino & Resort, Inc. has a 52 week low of $28.47 and a 52 week high of $47.92. The company has a market capitalization of $751.71, a P/E ratio of 28.77 and a beta of 1.20. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.08 and a current ratio of 1.17.

Monarch Casino & Resort (NASDAQ:MCRI) last announced its earnings results on Wednesday, February 21st. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.10). The company had revenue of $56.06 million for the quarter, compared to the consensus estimate of $57.95 million. Monarch Casino & Resort had a return on equity of 10.65% and a net margin of 11.07%. sell-side analysts anticipate that Monarch Casino & Resort, Inc. will post 1.86 EPS for the current year.

MCRI has been the topic of a number of research reports. BidaskClub upgraded Monarch Casino & Resort from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. ValuEngine upgraded Monarch Casino & Resort from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded Monarch Casino & Resort from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a report on Friday, February 23rd. Finally, Jefferies Group initiated coverage on Monarch Casino & Resort in a report on Thursday, January 18th. They issued an “underperform” rating and a $39.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $50.80.

Institutional investors have recently made changes to their positions in the business. LS Investment Advisors LLC bought a new stake in Monarch Casino & Resort during the fourth quarter worth approximately $100,000. SG Americas Securities LLC bought a new stake in Monarch Casino & Resort during the fourth quarter worth approximately $136,000. Macquarie Group Ltd. bought a new stake in Monarch Casino & Resort during the third quarter worth approximately $171,000. Louisiana State Employees Retirement System bought a new stake in Monarch Casino & Resort during the fourth quarter worth approximately $220,000. Finally, BNP Paribas Arbitrage SA boosted its position in Monarch Casino & Resort by 74.1% during the third quarter. BNP Paribas Arbitrage SA now owns 5,662 shares of the company’s stock worth $224,000 after purchasing an additional 2,409 shares during the period. 60.84% of the stock is owned by hedge funds and other institutional investors.

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Monarch Casino & Resort Company Profile

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.

Insider Buying and Selling by Quarter for Monarch Casino & Resort (NASDAQ:MCRI)

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