3,898 Shares in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new position in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,898 shares of the company’s stock, valued at approximately $309,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MCRI. Russell Investments Group Ltd. grew its holdings in Monarch Casino & Resort by 68,100.0% in the 1st quarter. Russell Investments Group Ltd. now owns 10,230 shares of the company’s stock worth $767,000 after buying an additional 10,215 shares in the last quarter. US Bancorp DE grew its holdings in Monarch Casino & Resort by 8.6% in the 1st quarter. US Bancorp DE now owns 6,124 shares of the company’s stock worth $459,000 after buying an additional 483 shares in the last quarter. ProShare Advisors LLC bought a new position in Monarch Casino & Resort in the 1st quarter worth approximately $204,000. State Board of Administration of Florida Retirement System grew its holdings in Monarch Casino & Resort by 22.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 15,551 shares of the company’s stock worth $1,153,000 after buying an additional 2,866 shares in the last quarter. Finally, UniSuper Management Pty Ltd bought a new position in Monarch Casino & Resort in the 1st quarter worth approximately $536,000. 62.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MCRI shares. Truist Financial upped their target price on Monarch Casino & Resort from $75.00 to $82.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. StockNews.com downgraded Monarch Casino & Resort from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus upped their target price on Monarch Casino & Resort from $72.00 to $77.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th.

Monarch Casino & Resort Price Performance

MCRI opened at $84.42 on Friday. Monarch Casino & Resort, Inc. has a 1-year low of $62.03 and a 1-year high of $85.10. The business has a 50 day moving average price of $78.54 and a two-hundred day moving average price of $73.18. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 18.68 and a beta of 1.73.

Monarch Casino & Resort (NASDAQ:MCRI) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.10. Monarch Casino & Resort had a return on equity of 17.06% and a net margin of 16.82%. The company had revenue of $137.87 million during the quarter, compared to the consensus estimate of $134.50 million. During the same quarter in the prior year, the firm earned $1.38 EPS. Equities analysts expect that Monarch Casino & Resort, Inc. will post 4.72 EPS for the current fiscal year.

Monarch Casino & Resort Profile

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.