Monarch Casino & ResortMCRI
Market Cap: $1.41B
About: Monarch Casino & Resort Inc is engaged in providing the latest gaming, dining, and hospitality amenities. It owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada, and the Monarch Black Hawk Casino in Black Hawk. The company generates the majority of its revenue from Casinos, followed by Food & Beverage and Hotel Operations.
Employees: 2,900
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
586% more call options, than puts
Call options by funds: $48K | Put options by funds: $7K
16% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 25
2% more funds holding
Funds holding: 171 [Q1] → 175 (+4) [Q2]
7% more repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 59
2.9% less ownership
Funds ownership: 65.57% [Q1] → 62.67% (-2.9%) [Q2]
14% less capital invested
Capital invested by funds: $932M [Q1] → $800M (-$132M) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Macquarie Chad Beynon 58% 1-year accuracy 15 / 26 met price target | 1%upside $76 | Neutral Maintained | 25 Jul 2024 |
Truist Securities Barry Jonas 61% 1-year accuracy 27 / 44 met price target | 0%downside $75 | Hold Maintained | 25 Jul 2024 |
Financial journalist opinion
Based on 8 articles about MCRI published over the past 30 days