Morgan Dempsey Capital Management Decreased Monarch Casino & Resort (MCRI) Position By $352,677; Nuveen Ohio Quality Income Municipal Fund (NUO) Has 1.08 Sentiment

February 15, 2018 - By Stephen Andrade

Morgan Dempsey Capital Management Llc decreased Monarch Casino & Resort Inc. (MCRI) stake by 14.7% reported in 2017Q3 SEC filing. Morgan Dempsey Capital Management Llc sold 9,043 shares as Monarch Casino & Resort Inc. (MCRI)’s stock rose 24.24%. The Morgan Dempsey Capital Management Llc holds 52,487 shares with $2.05M value, down from 61,530 last quarter. Monarch Casino & Resort Inc. now has $774.57 million valuation. The stock increased 0.41% or $0.18 during the last trading session, reaching $43.76. About 4,950 shares traded. Monarch Casino & Resort, Inc. (NASDAQ:MCRI) has risen 53.31% since February 15, 2017 and is uptrending. It has outperformed by 36.61% the S&P500.

The stock increased 0.04% or $0.005 during the last trading session, reaching $13.985. About 9,023 shares traded. Nuveen Ohio Quality Municipal I (NUO) has declined 6.50% since February 15, 2017 and is downtrending. It has underperformed by 23.20% the S&P500.

Karpus Management Inc. holds 0.34% of its portfolio in Nuveen Ohio Quality Municipal I for 441,921 shares. Mariner Investment Group Llc owns 34,898 shares or 0.33% of their US portfolio. Moreover, Investors Asset Management Of Georgia Inc Ga Adv has 0.15% invested in the company for 13,300 shares. The Ohio-based Bartlett & Co. Llc has invested 0.06% in the stock. Landscape Capital Management L.L.C., a New Jersey-based fund reported 16,781 shares.

Morgan Dempsey Capital Management Llc increased Philip Morris International Inc. (NYSE:PM) stake by 3,002 shares to 49,197 valued at $5.46 million in 2017Q3. It also upped Digital Realty Trust Inc. (NYSE:DLR) stake by 2,858 shares and now owns 45,091 shares. Emerson Electric Co. (NYSE:EMR) was raised too.

Analysts await Monarch Casino & Resort, Inc. (NASDAQ:MCRI) to report earnings on February, 28. They expect $0.38 earnings per share, up 5.56% or $0.02 from last year’s $0.36 per share. MCRI’s profit will be $6.73M for 28.79 P/E if the $0.38 EPS becomes a reality. After $0.49 actual earnings per share reported by Monarch Casino & Resort, Inc. for the previous quarter, Wall Street now forecasts -22.45% negative EPS growth.

Investors sentiment increased to 1.34 in 2017 Q3. Its up 0.20, from 1.14 in 2017Q2. It increased, as 6 investors sold MCRI shares while 32 reduced holdings. 18 funds opened positions while 33 raised stakes. 10.01 million shares or 1.93% more from 9.82 million shares in 2017Q2 were reported. Goldman Sachs Incorporated stated it has 55,264 shares. Rhumbline Advisers holds 23,147 shares or 0% of its portfolio. Morgan Stanley owns 45,506 shares for 0% of their portfolio. Ubs Asset Management Americas owns 0% invested in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) for 52 shares. Schwab Charles Investment Mgmt has invested 0% in Monarch Casino & Resort, Inc. (NASDAQ:MCRI). Barclays Public Ltd Com has 5,574 shares. Susquehanna Ltd Liability Partnership holds 0% or 23,098 shares in its portfolio. Credit Suisse Ag owns 0% invested in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) for 24,917 shares. Meeder Asset invested in 0% or 41 shares. Moreover, Quantum Capital Mngmt has 0.23% invested in Monarch Casino & Resort, Inc. (NASDAQ:MCRI). Gemmer Asset Mngmt Ltd Liability Co reported 0% stake. State Teachers Retirement reported 36,893 shares. Wellington Mgmt Group Llp holds 0% or 524,461 shares in its portfolio. Metropolitan Life Insurance Ny invested in 7,871 shares. Nationwide Fund Advsr invested in 0% or 6,835 shares.

Among 4 analysts covering Monarch Casino & Resort (NASDAQ:MCRI), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Monarch Casino & Resort had 4 analyst reports since December 8, 2015 according to SRatingsIntel. On Tuesday, December 8 the stock rating was initiated by Sidoti with “Buy”. Union Gaming upgraded Monarch Casino & Resort, Inc. (NASDAQ:MCRI) on Wednesday, October 25 to “Buy” rating. The firm has “Hold” rating by Gabelli given on Friday, October 14.

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By1 Stephen Andrade

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