Monarch Casino & Resort (MCRI) is Initiated by Gabelli & Co to Hold, Price Target at $27

Monarch Casino & Resort (MCRI) was Initiated by Gabelli & Co to “Hold” and the brokerage firm has set the Price Target at $27. Gabelli & Co advised their investors in a research report released on Oct 14, 2016.

Monarch Casino & Resort closed down -0.49 points or -1.94% at $24.79 with 17,282 shares getting traded on Tuesday. Post opening the session at $25.28, the shares hit an intraday low of $24.7 and an intraday high of $25.4 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Aug 22, 2016, Bob Farahi (President) sold 10,000 shares at $24.22 per share price. According to the SEC, on Jun 15, 2015, Ronald Rowan (Chief Financial Officer) sold 6,575 shares at $19.78 per share price.

Monarch Casino & Resort Inc. (Monarch) through its wholly owned subsidiaries owns and operates the Atlantis Casino Resort Spa (the Atlantis) a hotel/casino facility in Reno Nevada (the Atlantis); the Monarch Casino Black Hawk in Black Hawk Colorado (the Monarch Casino Black Hawk) and real estate proximate to the Atlantis and Monarch Casino Black Hawk. The Atlantis is located approximately three miles south of downtown in the area of Reno Nevada. The Monarch Casino Black Hawk is located approximately 40 miles west of Denver Colorado. The Company’s wholly owned subsidiaries include Golden Road Motor Inn Inc. (Golden Road) Monarch Growth Inc. (Monarch Growth) Monarch Black Hawk Inc. (Monarch Black Hawk) High Desert Sunshine Inc. (High Desert) Golden East Inc. (Golden East) and Golden North Inc.

Monarch Casino & Resort

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