AQR Capital Management LLC Has $4.12 Million Position in Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

AQR Capital Management LLC cut its stake in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 30.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,407 shares of the company’s stock after selling 26,015 shares during the period. AQR Capital Management LLC owned approximately 0.32% of Monarch Casino & Resort worth $4,116,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Annex Advisory Services LLC raised its stake in Monarch Casino & Resort by 9.2% in the first quarter. Annex Advisory Services LLC now owns 14,078 shares of the company’s stock valued at $1,056,000 after purchasing an additional 1,189 shares in the last quarter. Diversified Trust Co acquired a new position in shares of Monarch Casino & Resort in the 1st quarter valued at approximately $203,000. Principal Financial Group Inc. lifted its holdings in shares of Monarch Casino & Resort by 0.7% during the 1st quarter. Principal Financial Group Inc. now owns 72,531 shares of the company’s stock worth $5,439,000 after acquiring an additional 491 shares during the period. Vest Financial LLC acquired a new stake in shares of Monarch Casino & Resort during the 1st quarter worth approximately $872,000. Finally, BNP Paribas Financial Markets boosted its position in shares of Monarch Casino & Resort by 11.9% during the 1st quarter. BNP Paribas Financial Markets now owns 14,818 shares of the company’s stock worth $1,111,000 after acquiring an additional 1,581 shares in the last quarter. 62.37% of the stock is currently owned by institutional investors.

Monarch Casino & Resort Price Performance

MCRI stock opened at $77.96 on Friday. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 18.43 and a beta of 1.73. The company has a 50 day simple moving average of $75.42 and a 200 day simple moving average of $71.26. Monarch Casino & Resort, Inc. has a 1 year low of $56.25 and a 1 year high of $80.22.

Monarch Casino & Resort (NASDAQ:MCRI) last released its quarterly earnings data on Wednesday, July 24th. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.08. Monarch Casino & Resort had a return on equity of 17.05% and a net margin of 16.31%. The company had revenue of $128.14 million for the quarter, compared to the consensus estimate of $126.03 million. On average, equities research analysts anticipate that Monarch Casino & Resort, Inc. will post 4.62 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on MCRI shares. Macquarie restated a “neutral” rating and set a $76.00 price objective on shares of Monarch Casino & Resort in a research report on Thursday, July 25th. Truist Financial upped their price objective on Monarch Casino & Resort from $74.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th.

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.