Versor Investments LP Invests $230,000 in Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

Versor Investments LP purchased a new stake in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,906 shares of the company’s stock, valued at approximately $230,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Texas Permanent School Fund Corp lifted its position in shares of Monarch Casino & Resort by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 11,682 shares of the company’s stock worth $876,000 after acquiring an additional 152 shares in the last quarter. Trust Point Inc. lifted its holdings in Monarch Casino & Resort by 1.5% during 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 in the last quarter. GAMMA Investing LLC lifted its holdings in Monarch Casino & Resort by 61.0% during the 3rd quarter. GAMMA Investing LLC now owns 470 shares of the company’s stock worth $37,000 after purchasing an additional 178 shares in the last quarter. Pitcairn Co. boosted its stake in Monarch Casino & Resort by 4.3% in the 1st quarter. Pitcairn Co. now owns 5,698 shares of the company’s stock worth $427,000 after purchasing an additional 235 shares during the period. Finally, Sei Investments Co. grew its holdings in Monarch Casino & Resort by 1.4% during the 2nd quarter. Sei Investments Co. now owns 19,697 shares of the company’s stock valued at $1,342,000 after buying an additional 271 shares in the last quarter. 62.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on MCRI shares. Macquarie restated a “neutral” rating and issued a $76.00 price objective on shares of Monarch Casino & Resort in a research report on Thursday, July 25th. 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 note on Wednesday, October 23rd. Stifel Nicolaus lifted their price target on Monarch Casino & Resort from $72.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. Finally, StockNews.com cut shares of Monarch Casino & Resort from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 6th.

Monarch Casino & Resort Stock Down 0.4 %

Shares of MCRI stock opened at $83.18 on Friday. The business has a 50-day moving average price of $77.87 and a two-hundred day moving average price of $72.80. Monarch Casino & Resort, Inc. has a 12-month low of $62.03 and a 12-month high of $84.43. The firm has a market cap of $1.53 billion, a P/E ratio of 18.40 and a beta of 1.73.

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

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.