Venator Capital Management LTD Has Increased Its Monarch Casino & Resort (MCRI) Holding by $860,244; Facebook (FB) Market Valuation Declined While Bank Pictet & Cie Asia LTD Lowered Holding

May 12, 2018 - By Peter Mason

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Venator Capital Management Ltd increased its stake in Monarch Casino & Resort Inc (MCRI) by 44.23% based on its latest 2017Q4 regulatory filing with the SEC. Venator Capital Management Ltd bought 19,551 shares as the company’s stock declined 9.15% with the market. The institutional investor held 63,755 shares of the consumer services company at the end of 2017Q4, valued at $2.86M, up from 44,204 at the end of the previous reported quarter. Venator Capital Management Ltd who had been investing in Monarch Casino & Resort Inc for a number of months, seems to be bullish on the $774.50M market cap company. The stock decreased 0.98% or $0.43 during the last trading session, reaching $43.53. About 27,723 shares traded. Monarch Casino & Resort, Inc. (NASDAQ:MCRI) has risen 43.57% since May 12, 2017 and is uptrending. It has outperformed by 32.02% the S&P500.

Bank Pictet & Cie Asia Ltd decreased its stake in Facebook Inc (FB) by 24.62% based on its latest 2017Q4 regulatory filing with the SEC. Bank Pictet & Cie Asia Ltd sold 8,036 shares as the company’s stock declined 14.10% with the market. The institutional investor held 24,610 shares of the technology company at the end of 2017Q4, valued at $4.34 million, down from 32,646 at the end of the previous reported quarter. Bank Pictet & Cie Asia Ltd who had been investing in Facebook Inc for a number of months, seems to be less bullish one the $541.27B market cap company. The stock increased 0.79% or $1.46 during the last trading session, reaching $186.99. About 20.57 million shares traded. Facebook, Inc. (NASDAQ:FB) has risen 8.48% since May 12, 2017 and is uptrending. It has underperformed by 3.07% the S&P500.

Since December 7, 2017, it had 0 buys, and 49 insider sales for $1.86 billion activity. $2.88 million worth of Facebook, Inc. (NASDAQ:FB) shares were sold by Stretch Colin. Zuckerberg Mark sold $44.94M worth of stock. Another trade for 1.25 million shares valued at $221.33 million was sold by Koum Jan. 17,830 shares were sold by FISCHER DAVID B., worth $3.29 million on Tuesday, February 27. $9.18M worth of stock was sold by Sandberg Sheryl on Wednesday, April 18. Cox Christopher K sold 16,000 shares worth $2.83 million.

Among 55 analysts covering Facebook (NASDAQ:FB), 51 have Buy rating, 2 Sell and 2 Hold. Therefore 93% are positive. Facebook had 269 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained Facebook, Inc. (NASDAQ:FB) on Wednesday, January 31 with “Buy” rating. On Thursday, November 5 the stock rating was maintained by Jefferies with “Buy”. Cantor Fitzgerald maintained it with “Buy” rating and $190.0 target in Tuesday, September 26 report. The stock of Facebook, Inc. (NASDAQ:FB) earned “Buy” rating by Jefferies on Monday, June 5. On Wednesday, September 27 the stock rating was maintained by Cowen & Co with “Buy”. The stock of Facebook, Inc. (NASDAQ:FB) earned “Buy” rating by Pivotal Research on Thursday, April 28. Piper Jaffray maintained Facebook, Inc. (NASDAQ:FB) rating on Thursday, July 30. Piper Jaffray has “Overweight” rating and $146 target. As per Thursday, April 26, the company rating was maintained by Morgan Stanley. On Friday, April 1 the stock rating was maintained by Citigroup with “Buy”. Piper Jaffray maintained Facebook, Inc. (NASDAQ:FB) rating on Monday, September 4. Piper Jaffray has “Buy” rating and $195.0 target.

Bank Pictet & Cie Asia Ltd, which manages about $230.78 million US Long portfolio, upped its stake in Icici Bk Ltd (NYSE:IBN) by 150,000 shares to 326,572 shares, valued at $1.61M in 2017Q4, according to the filing. It also increased its holding in Ishares Tr (INDA) by 12,630 shares in the quarter, for a total of 49,380 shares, and has risen its stake in Colgate Palmolive Co (NYSE:CL).

More notable recent Facebook, Inc. (NASDAQ:FB) news were published by: Seekingalpha.com which released: “Sharp replies from Match, IAC on Facebook’s dating play” on May 01, 2018, also 247Wallst.com with their article: “How Facebook Is Breaking Into the Crypto Trade” published on May 12, 2018, Bizjournals.com published: “What Facebook’s massive deal means for San Francisco’s — and Oakland’s — office market” on May 11, 2018. More interesting news about Facebook, Inc. (NASDAQ:FB) were released by: Investorplace.com and their article: “How Will Facebook Dating Impact Match Group Inc Stock?” published on May 07, 2018 as well as Seekingalpha.com‘s news article titled: “Thoughts On Facebook’s Valuation After Earnings” with publication date: April 26, 2018.

Investors sentiment increased to 1.21 in Q4 2017. Its up 0.06, from 1.15 in 2017Q3. It increased, as 57 investors sold FB shares while 621 reduced holdings. 147 funds opened positions while 670 raised stakes. 1.61 billion shares or 1.26% less from 1.63 billion shares in 2017Q3 were reported. Planning Advsr Limited Liability Co owns 3.46% invested in Facebook, Inc. (NASDAQ:FB) for 55,751 shares. Crystal Rock Capital reported 72,516 shares stake. Asset Mgmt holds 0.97% in Facebook, Inc. (NASDAQ:FB) or 334,944 shares. Lombard Odier Asset Mgmt (Europe) Limited stated it has 0.29% in Facebook, Inc. (NASDAQ:FB). Shelton Capital Management reported 266,733 shares. Ruane Cunniff And Goldfarb Incorporated holds 0.44% or 304,624 shares. Fulton Breakefield Broenniman Ltd Company accumulated 36,426 shares. Fayez Sarofim, a Texas-based fund reported 2.80 million shares. Tru Of Vermont has invested 0.97% in Facebook, Inc. (NASDAQ:FB). Central Asset Invs And (Hk) reported 20,890 shares. Conatus Capital Mngmt LP invested in 24,466 shares or 4.68% of the stock. Klingenstein Fields And Ltd Co invested in 200,381 shares. Caprock Grp Inc holds 0.59% or 16,954 shares. Bailard has 172,259 shares. Hanson Mcclain holds 4,009 shares or 0.06% of its portfolio.

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. Union Gaming upgraded the stock to “Buy” rating in Wednesday, October 25 report. The stock of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) has “Buy” rating given on Tuesday, December 8 by Sidoti. Gabelli initiated it with “Hold” rating and $27 target in Friday, October 14 report.

More recent Monarch Casino & Resort, Inc. (NASDAQ:MCRI) news were published by: Nasdaq.com which released: “Monarch Casino & Resort to Participate at 2018 Wells Fargo Gaming, Hospitality and Leisure Conference” on May 08, 2018. Also Globenewswire.com published the news titled: “Detailed Research: Economic Perspectives on Great Western, Texas Roadhouse, Home BancShares, Monarch Casino …” on April 24, 2018. Nasdaq.com‘s news article titled: “Monarch Casino & Resort Reports Record First Quarter With Net Revenue of $56.3 Million, Net Income of $6.7 Million …” with publication date: April 26, 2018 was also an interesting one.

Investors sentiment increased to 1.64 in 2017 Q4. Its up 0.30, from 1.34 in 2017Q3. It increased, as 10 investors sold MCRI shares while 32 reduced holdings. 32 funds opened positions while 37 raised stakes. 10.37 million shares or 3.66% more from 10.01 million shares in 2017Q3 were reported. Stevens Capital Limited Partnership holds 0.01% in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) or 4,569 shares. Jpmorgan Chase Commerce stated it has 1.07 million shares. Virtu Fin Llc stated it has 7,369 shares. Sg Americas Securities Limited Liability Com reported 3,030 shares. Renaissance Techs Llc reported 238,700 shares or 0.01% of all its holdings. 14,826 were reported by Great West Life Assurance Com Can. 8,083 are held by State Of Tennessee Treasury Department. Argent Capital Management Ltd Llc accumulated 0.09% or 56,015 shares. Davenport Co Ltd Liability Corp reported 790,798 shares. Wells Fargo & Mn, a California-based fund reported 51,425 shares. Cap One Natl Association reported 16,987 shares. Venator Mngmt Limited invested 2.44% in Monarch Casino & Resort, Inc. (NASDAQ:MCRI). National Bank Of New York Mellon Corp holds 0% or 135,307 shares in its portfolio. Employees Retirement Systems Of Texas invested in 16,000 shares or 0.01% of the stock. Louisiana State Employees Retirement System stated it has 4,900 shares.

Since November 30, 2017, it had 0 insider purchases, and 3 insider sales for $2.47 million activity. FARAHI JOHN also sold $1.16M worth of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) shares.

Venator Capital Management Ltd, which manages about $116.96 million US Long portfolio, decreased its stake in Gap Inc Del (NYSE:GPS) by 163,000 shares to 117,235 shares, valued at $3.99M in 2017Q4, according to the filing. It also reduced its holding in Callidus Software Inc (NASDAQ:CALD) by 12,344 shares in the quarter, leaving it with 90,131 shares, and cut its stake in Sp Plus Corp (NASDAQ:SP).

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

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