Jane Street Group LLC Acquires 98,153 Shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

Jane Street Group LLC lifted its stake in Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) by 518.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 117,072 shares of the company's stock after buying an additional 98,153 shares during the period. Jane Street Group LLC owned about 0.64% of Monarch Casino & Resort worth $9,280,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of MCRI. Janus Henderson Group PLC boosted its stake in shares of Monarch Casino & Resort by 0.9% in the 3rd quarter. Janus Henderson Group PLC now owns 388,658 shares of the company's stock valued at $30,809,000 after purchasing an additional 3,488 shares in the last quarter. American Century Companies Inc. boosted its position in Monarch Casino & Resort by 17.3% in the second quarter. American Century Companies Inc. now owns 313,682 shares of the company's stock valued at $21,371,000 after buying an additional 46,323 shares in the last quarter. Tributary Capital Management LLC grew its stake in Monarch Casino & Resort by 0.3% during the second quarter. Tributary Capital Management LLC now owns 276,426 shares of the company's stock worth $18,833,000 after buying an additional 827 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Monarch Casino & Resort by 3.9% during the third quarter. Wellington Management Group LLP now owns 219,625 shares of the company's stock worth $17,410,000 after buying an additional 8,283 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Monarch Casino & Resort by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 178,727 shares of the company's stock valued at $12,177,000 after acquiring an additional 1,400 shares during the last quarter. 62.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MCRI shares. StockNews.com raised Monarch Casino & Resort from a "buy" rating to a "strong-buy" rating in a report on Thursday, November 28th. Truist Financial raised their target price on Monarch Casino & Resort from $75.00 to $82.00 and gave the company a "hold" rating in a research note on Wednesday, October 23rd. Finally, Stifel Nicolaus increased their price objective on shares of Monarch Casino & Resort from $72.00 to $77.00 and gave the stock a "hold" rating in a report on Thursday, October 24th.

Monarch Casino & Resort Stock Performance

MCRI traded down $1.12 during mid-day trading on Friday, reaching $86.44. The stock had a trading volume of 66,906 shares, compared to its average volume of 119,941. The firm's fifty day simple moving average is $81.08 and its two-hundred day simple moving average is $75.09. The stock has a market capitalization of $1.59 billion, a P/E ratio of 19.37 and a beta of 1.72. Monarch Casino & Resort, Inc. has a 52 week low of $64.50 and a 52 week high of $89.06.

Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.47 EPS for the quarter, topping 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 firm had revenue of $137.87 million during the quarter, compared to analyst estimates of $134.50 million. During the same period last year, the company earned $1.38 earnings per share. As a group, 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.