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

Atom Investors LP acquired a new stake in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,806 shares of the company's stock, valued at approximately $1,174,000. Atom Investors LP owned about 0.08% of Monarch Casino & Resort as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Millennium Management LLC grew its position in Monarch Casino & Resort by 376.1% in the 2nd quarter. Millennium Management LLC now owns 85,869 shares of the company's stock worth $5,850,000 after purchasing an additional 67,833 shares during the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of Monarch Casino & Resort in the 2nd quarter worth approximately $3,307,000. American Century Companies Inc. lifted its stake in shares of Monarch Casino & Resort by 17.3% in the 2nd quarter. American Century Companies Inc. now owns 313,682 shares of the company's stock worth $21,371,000 after acquiring an additional 46,323 shares during the period. Verition Fund Management LLC acquired a new stake in shares of Monarch Casino & Resort in the 3rd quarter worth approximately $2,349,000. Finally, Segall Bryant & Hamill LLC acquired a new stake in shares of Monarch Casino & Resort in the 3rd quarter worth approximately $1,868,000. Institutional investors own 62.37% of the company's stock.

Monarch Casino & Resort Trading Up 1.5 %

MCRI traded up $1.30 on Wednesday, reaching $86.97. The stock had a trading volume of 89,156 shares, compared to its average volume of 120,260. Monarch Casino & Resort, Inc. has a fifty-two week low of $62.93 and a fifty-two week high of $87.11. The firm has a 50-day moving average of $79.93 and a 200-day moving average of $74.21. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 18.95 and a beta of 1.72.

Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $1.47 EPS for the quarter, topping the consensus estimate 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 business had revenue of $137.87 million during the quarter, compared to analysts' expectations of $134.50 million. During the same quarter last year, the firm posted $1.38 earnings per share. Sell-side analysts anticipate that Monarch Casino & Resort, Inc. will post 4.72 EPS for the current fiscal year.

Analyst Ratings Changes

MCRI has been the topic of a number of recent analyst reports. Stifel Nicolaus boosted their price target on shares of Monarch Casino & Resort from $72.00 to $77.00 and gave the company a "hold" rating in a report on Thursday, October 24th. Truist Financial increased their price target on shares of Monarch Casino & Resort from $75.00 to $82.00 and gave the stock a "hold" rating in a research note on Wednesday, October 23rd. Finally, StockNews.com upgraded shares of Monarch Casino & Resort from a "buy" rating to a "strong-buy" rating in a research note on Thursday, November 28th.

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.