Monarch Casino & Resort Inc (NASDAQ:MCRI) 2018 Q1 Sentiment

September 8, 2018 - By Carolyn Hewitt

Sentiment for Monarch Casino & Resort Inc (NASDAQ:MCRI)

Monarch Casino & Resort Inc (NASDAQ:MCRI) institutional sentiment decreased to 0.74 in 2018 Q1. Its down -0.90, from 1.64 in 2017Q4. The ratio dived, as 45 institutional investors increased and opened new stock positions, while 61 sold and trimmed holdings in Monarch Casino & Resort Inc. The institutional investors in our partner’s database now possess: 10.44 million shares, up from 10.37 million shares in 2017Q4. Also, the number of institutional investors holding Monarch Casino & Resort Inc in their top 10 stock positions was flat from 2 to 2 for the same number . Sold All: 21 Reduced: 40 Increased: 34 New Position: 11.

Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada; and the Monarch Casino Black Hawk in Black Hawk, Colorado. The company has market cap of $802.67 million. As of February 22, 2017, its Atlantis Casino Resort Spa featured approximately 61,000 square feet of casino space; 824 guest rooms and suites; 8 food outlets; 2 espresso and pastry bars; a 30,000 square foot health spa and salon with an enclosed year-round pool; 2 retail outlets offering clothing and traditional gift shop merchandise; an 8,000 square-foot family entertainment center; and approximately 52,000 square feet of banquet, convention, and meeting room space. It has a 28.42 P/E ratio. The companyÂ’s Atlantis Casino Resort Spa also featured approximately 1,450 slot and video poker machines; approximately 38 table games, including blackjack, craps, roulette, and others; a race and sports book; a 24-hour live keno lounge; and a poker room.

The stock increased 0.02% or $0.01 during the last trading session, reaching $44.88. About 29,524 shares traded. Monarch Casino & Resort, Inc. (NASDAQ:MCRI) has risen 49.02% since September 8, 2017 and is uptrending. It has outperformed by 36.45% the S&P500.

Analysts await Monarch Casino & Resort, Inc. (NASDAQ:MCRI) to report earnings on October, 23. They expect $0.56 EPS, up 14.29 % or $0.07 from last year’s $0.49 per share. MCRI’s profit will be $10.02 million for 20.04 P/E if the $0.56 EPS becomes a reality. After $0.50 actual EPS reported by Monarch Casino & Resort, Inc. for the previous quarter, Wall Street now forecasts 12.00 % EPS growth.

Lafitte Capital Management Lp holds 16.62% of its portfolio in Monarch Casino & Resort, Inc. for 959,061 shares. Park West Asset Management Llc owns 1.53 million shares or 2.88% of their US portfolio. Moreover, Venator Capital Management Ltd. has 2.52% invested in the company for 71,401 shares. The California-based Eam Investors Llc has invested 0.16% in the stock. Argent Capital Management Llc, a Missouri-based fund reported 56,277 shares.

Monarch Casino & Resort, Inc. (NASDAQ:MCRI) Ratings Coverage

Ratings analysis reveals 0 of Monarch Casino \u0026 Resort’s analysts are positive. Out of 2 Wall Street analysts rating Monarch Casino \u0026 Resort, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. MCRI was included in 2 notes of analysts from July 25, 2018. On Wednesday, July 25 the stock rating was upgraded by Jefferies to “Hold”. Stifel Nicolaus maintained it with “Hold” rating and $49 target in Wednesday, July 25 report.

Another recent and important Monarch Casino & Resort, Inc. (NASDAQ:MCRI) news was published by Globenewswire.com which published an article titled: “Factors of Influence in 2018, Key Indicators and Opportunity within Rambus, Monarch Casino & Resort, Photronics …” on August 24, 2018.

Monarch Casino & Resort, Inc. (NASDAQ:MCRI) Institutional Positions Chart

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