The Monarch Casino & Resort, Inc. (MCRI) Stock Rating Reaffirmed by Stifel Nicolaus

Paterniano Del Favero
Luglio 29, 2017

Imperial Capital analyst G. Klein expects that the company will post earnings of $0.45 per share for the quarter. The Covalent Partners Llc holds 189,919 shares with $4.90 million value, down from 361,215 last quarter. Cleararc Capital accumulated 26,351 shares or 0.06% of the stock. It has underperformed by 14.13% the S&P500. It improved, as 7 investors sold Monarch Casino & Resort, Inc. shares while 23 reduced holdings. They now have a United States dollars 38 price target on the stock. The 9 months bullish chart indicates low risk for the $579.30M company. It was reported on Jul, 26 by Barchart.com. The company now has an average rating of "Hold" and a consensus target price of $45.00.

About 3,036 shares traded. It is positive, as 7 investors sold Monarch Casino & Resort, Inc. shares while 23 reduced holdings. (NASDAQ:MCRI) has risen 53.31% since July 28, 2016 and is uptrending. It has outperformed by 36.61% the S&P500.

Investors sentiment increased to 1.87 in Q4 2016. Its up 0.72, from 1.15 in 2016Q3. (Monarch), launched on June 11, 1993, through its subsidiary, owns and operates the Atlantis Casino Resort Spa (the Atlantis), a hotel/casino facility in Reno, Nevada. 16 funds opened positions while 40 raised stakes. (NASDAQ:MCRI). Park West Asset Management Ltd Liability Company owns 450,000 shares or 0.9% of their USA portfolio. Apg Asset Mgmt Nv invested in 0.01% or 288,700 shares. Wetherby Asset Management holds 18,469 shares or 0.05% of its portfolio. (NASDAQ:MCRI). The Washington-based Parametric Assoc Ltd Llc has invested 0% in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) for 14,791 shares. Texas Permanent School Fund increased its position in Monarch Casino & Resort by 1.1% in the second quarter.

Monarch Casino & Resort (NASDAQ:MCRI) last issued its quarterly earnings data on Tuesday, July 25th. Advisors Preferred LLC acquired a new position in Monarch Casino & Resort during the first quarter valued at $208,000. (NASDAQ:MCRI). Nationwide Fund Advsr invested in 0% or 7,169 shares. (NASDAQ:MCRI). Comerica National Bank reported 0% of its portfolio in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) is a huge mover today! Zacks Investment Research downgraded shares of Monarch Casino & Resort from a "buy" rating to a "hold" rating in a report on Tuesday, July 11th. Therefore 50% are positive.

Covalent Partners Llc decreased Monarch Casino & Resort Inc (MCRI) stake by 47.42% reported in 2016Q4 SEC filing. The Company's divisions include Atlantis and Monarch Casino Black Hawk. It has a 17.77 P/E ratio. Its up 0.04, from 1.05 in 2016Q3. 61 funds opened positions while 244 raised stakes. 679.60 million shares or 1.99% more from 666.34 million shares in 2016Q3 were reported. Hennessy has 0.55% invested in Exelon Corporation (NYSE:EXC) for 518,531 shares. Sg Americas Limited Liability Company reported 151,164 shares. Tudor Corporation Et Al holds 0.11% or 123,280 shares. Blackrock Advsrs Ltd Liability Corporation owns 5,938 shares for 0% of their portfolio. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Huntington Bancshares Incorporated had 50 analyst reports since August 6, 2015 according to SRatingsIntel. On Wednesday, September 9 the stock rating was initiated by BMO Capital Markets with "Market Perform". The rating was downgraded by Robert W. Baird to "Neutral" on Thursday, May 26. Howard Weil upgraded Spectra Energy Corp. The rating was maintained by Bernstein on Thursday, April 21 with "Market Perform". Jefferies maintained Spectra Energy Corp. Jefferies has "Hold" rating and $30 target. Deutsche Bank has "Hold" rating and $42 target. It also upped Penn Natl Gaming Inc (NASDAQ:PENN) stake by 31,908 shares and now owns 635,962 shares. Nxp Semiconductors N V (Call) (NASDAQ:NXPI) was raised too.

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