Monarch Casino & Resort Stock News

RENO, Nev., Feb. 09, 2022 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (Nasdaq: MCRI) (“Monarch” or “the Company”) today reported record operating results for the fourth quarter and full year ended December 31, 2021, as summarized below:

Monarch Casino (MCRI) delivered earnings and revenue surprises of 13.33% and 14.46%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Monarch Casino (MCRI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Monarch Casino (MCRI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Monarch Casino (MCRI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

New York State Teachers Retirement System lessened its position in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 1.6% during the third quarter, Holdings Channel reports. The institutional investor owned 30,781 shares of the companys stock after selling 500 shares during the quarter. New York State Teachers Retirement Systems holdings in Monarch Casino & []

Equities research analysts expect that Monarch Casino & Resort, Inc. (NASDAQ:MCRI) will announce earnings of $0.91 per share for the current quarter, Zacks reports. Three analysts have issued estimates for Monarch Casino & Resorts earnings. The lowest EPS estimate is $0.81 and the highest is $1.01. Monarch Casino & Resort posted earnings per share of []

Assenagon Asset Management S.A. decreased its stake in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 45.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,186 shares of the companys stock after selling 11,990 shares during the period. Assenagon Asset Management S.A.s []

Morgan Stanley raised its position in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 36.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 56,946 shares of the companys stock after acquiring an additional 15,182 shares during the period. Morgan Stanleys holdings in Monarch Casino & Resort were worth $3,768,000 as of its []

Hillsdale Investment Management Inc. acquired a new position in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 13,500 shares of the companys stock, valued at approximately $904,000. Other institutional investors also recently made changes to []

Invesco Ltd. increased its stake in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 19.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,718 shares of the companys stock after purchasing an additional 5,628 shares during the quarter. Invesco Ltd. owned about 0.19% of []

Is Monarch Casino & Resort (MCRI) a great pick from the value investor's perspective right now? Read on to know more.

Is Monarch Casino & Resort (MCRI) a great pick from the value investor's perspective right now? Read on to know more.

Millennium Management LLC cut its holdings in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 73.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 56,432 shares of the companys stock after selling 157,764 shares during the quarter. Millennium Management LLC owned about 0.30% of Monarch []

UBS Asset Management Americas Inc. lifted its stake in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 9.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,585 shares of the companys stock after acquiring an additional 921 shares during the quarter. UBS Asset []