Victory Capital Management Inc. Acquires 3,138 Shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

Victory Capital Management Inc. lifted its holdings in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 58.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,462 shares of the company’s stock after purchasing an additional 3,138 shares during the quarter. Victory Capital Management Inc.’s holdings in Monarch Casino & Resort were worth $671,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MCRI. GSA Capital Partners LLP acquired a new position in Monarch Casino & Resort during the third quarter worth $309,000. Versor Investments LP acquired a new position in shares of Monarch Casino & Resort during the 3rd quarter valued at about $230,000. Financial Management Professionals Inc. bought a new position in shares of Monarch Casino & Resort in the 3rd quarter valued at approximately $30,000. Trust Point Inc. lifted its holdings in Monarch Casino & Resort by 1.5% in the 3rd quarter. Trust Point Inc. now owns 11,008 shares of the company’s stock worth $873,000 after purchasing an additional 162 shares during the last quarter. Finally, Heritage Family Offices LLP bought a new stake in Monarch Casino & Resort during the third quarter worth approximately $222,000. Institutional investors own 62.37% of the company’s stock.

Monarch Casino & Resort Trading Down 2.0 %

Shares of MCRI stock opened at $83.99 on Friday. The firm has a market capitalization of $1.54 billion, a P/E ratio of 18.58 and a beta of 1.73. Monarch Casino & Resort, Inc. has a 1 year low of $62.03 and a 1 year high of $86.68. The firm’s fifty day simple moving average is $79.28 and its 200 day simple moving average is $73.67.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. StockNews.com raised shares of Monarch Casino & Resort from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Stifel Nicolaus boosted their target price on shares of Monarch Casino & Resort from $72.00 to $77.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. Finally, Truist Financial upped their price target 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.

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.