14,806 Shares in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) Acquired by Atom Investors LP

Atom Investors LP bought a new stake in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) in the 3rd quarter, Holdings Channel.com reports. The fund bought 14,806 shares of the company’s stock, valued at approximately $1,174,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in shares of Monarch Casino & Resort by 17.3% during the second quarter. American Century Companies Inc. now owns 313,682 shares of the company’s stock worth $21,371,000 after buying an additional 46,323 shares during the period. Tributary Capital Management LLC grew its position in Monarch Casino & Resort by 0.3% in the 2nd quarter. Tributary Capital Management LLC now owns 276,426 shares of the company’s stock valued at $18,833,000 after acquiring an additional 827 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Monarch Casino & Resort by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 178,727 shares of the company’s stock worth $12,177,000 after purchasing an additional 1,400 shares during the period. Dimensional Fund Advisors LP increased its stake in Monarch Casino & Resort by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 175,378 shares of the company’s stock worth $11,949,000 after purchasing an additional 9,990 shares during the period. Finally, FMR LLC lifted its position in shares of Monarch Casino & Resort by 1.1% during the third quarter. FMR LLC now owns 134,098 shares of the company’s stock worth $10,630,000 after purchasing an additional 1,396 shares in the last quarter. Hedge funds and other institutional investors own 62.37% of the company’s stock.

Monarch Casino & Resort Stock Up 0.4 %

Shares of NASDAQ:MCRI opened at $85.67 on Wednesday. Monarch Casino & Resort, Inc. has a fifty-two week low of $62.93 and a fifty-two week high of $86.68. The firm’s 50 day moving average price is $79.93 and its 200 day moving average price is $74.21. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 18.95 and a beta of 1.72.

Monarch Casino & Resort (NASDAQ:MCRI) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.10. The business had revenue of $137.87 million for the quarter, compared to analyst estimates of $134.50 million. Monarch Casino & Resort had a net margin of 16.82% and a return on equity of 17.06%. During the same period last year, the business earned $1.38 EPS. On average, equities analysts anticipate that Monarch Casino & Resort, Inc. will post 4.72 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MCRI shares. Truist Financial lifted their price objective on shares of Monarch Casino & Resort from $75.00 to $82.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. StockNews.com raised Monarch Casino & Resort from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 28th. Finally, Stifel Nicolaus increased their price objective on Monarch Casino & Resort from $72.00 to $77.00 and gave the company a “hold” rating in a research note on Thursday, October 24th.

About Monarch Casino & Resort

Monarch Casino & Resort, Inc, through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada. It also owns and operates the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado. The company was incorporated in 1993 and is based in Reno, Nevada.