Jane Street Group LLC Increases Holdings in Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

Jane Street Group LLC lifted its position in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 518.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 117,072 shares of the company’s stock after purchasing an additional 98,153 shares during the quarter. Jane Street Group LLC owned about 0.64% of Monarch Casino & Resort worth $9,280,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Trust Point Inc. raised its stake in shares of Monarch Casino & Resort by 1.5% in the third 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. GAMMA Investing LLC raised its stake in shares of Monarch Casino & Resort by 61.0% in the third quarter. GAMMA Investing LLC now owns 470 shares of the company’s stock worth $37,000 after purchasing an additional 178 shares during the last quarter. Sei Investments Co. raised its stake in shares of Monarch Casino & Resort by 1.4% in the second quarter. Sei Investments Co. now owns 19,697 shares of the company’s stock worth $1,342,000 after purchasing an additional 271 shares during the last quarter. Financial Management Professionals Inc. purchased a new position in shares of Monarch Casino & Resort in the third quarter worth about $30,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Monarch Casino & Resort by 13.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,851 shares of the company’s stock worth $289,000 after purchasing an additional 443 shares during the last quarter. 62.37% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. 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 price objective on Monarch Casino & Resort from $75.00 to $82.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Finally, Stifel Nicolaus raised their price objective on Monarch Casino & Resort from $72.00 to $77.00 and gave the company a “hold” rating in a report on Thursday, October 24th.

Monarch Casino & Resort Trading Up 0.6 %

Shares of MCRI opened at $87.56 on Friday. Monarch Casino & Resort, Inc. has a 12 month low of $64.50 and a 12 month high of $89.06. The stock’s 50 day moving average is $81.08 and its two-hundred day moving average is $75.09. The firm has a market cap of $1.61 billion, a P/E ratio of 19.37 and a beta of 1.72.

Monarch Casino & Resort (NASDAQ:MCRI) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.10. The firm had revenue of $137.87 million for the quarter, compared to analyst estimates 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 period in the previous year, the company posted $1.38 earnings per share. Equities research analysts forecast that Monarch Casino & Resort, Inc. will post 4.72 EPS for the current 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.