4,804 Shares in Monarch Casino & Resort, Inc. $MCRI Bought by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC purchased a new position in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,804 shares of the company’s stock, valued at approximately $632,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hillsdale Investment Management Inc. acquired a new stake in shares of Monarch Casino & Resort in the 4th quarter valued at $7,244,000. Sei Investments Co. lifted its position in shares of Monarch Casino & Resort by 69.9% during the 1st quarter. Sei Investments Co. now owns 33,319 shares of the company’s stock worth $3,185,000 after buying an additional 13,712 shares during the last quarter. UBS Group AG boosted its stake in Monarch Casino & Resort by 26.9% in the fourth quarter. UBS Group AG now owns 46,451 shares of the company’s stock valued at $4,445,000 after buying an additional 9,855 shares in the last quarter. AlphaQuest LLC boosted its stake in Monarch Casino & Resort by 303.4% in the fourth quarter. AlphaQuest LLC now owns 21,701 shares of the company’s stock valued at $2,077,000 after buying an additional 16,321 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in Monarch Casino & Resort by 2,489.3% in the fourth quarter. Pacer Advisors Inc. now owns 50,311 shares of the company’s stock valued at $4,815,000 after acquiring an additional 48,368 shares during the last quarter. 62.37% of the stock is owned by institutional investors.

Monarch Casino & Resort Price Performance

MCRI opened at $122.57 on Friday. The company’s 50 day moving average price is $124.97 and its two-hundred day moving average price is $113.62. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 19.64 and a beta of 1.31. Monarch Casino & Resort, Inc. has a fifty-two week low of $88.13 and a fifty-two week high of $135.93.

Monarch Casino & Resort (NASDAQ:MCRI) last issued its quarterly earnings results on Monday, July 20th. The company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.10. The company had revenue of $142.60 million for the quarter, compared to analyst estimates of $142.85 million. Monarch Casino & Resort had a net margin of 20.40% and a return on equity of 20.63%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, equities research analysts predict that Monarch Casino & Resort, Inc. will post 6.98 EPS for the current year.

Monarch Casino & Resort Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Tuesday, September 1st. Monarch Casino & Resort’s payout ratio is 19.23%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Monarch Casino & Resort in a research note on Monday. Wall Street Zen downgraded shares of Monarch Casino & Resort from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Stifel Nicolaus lifted their price target on shares of Monarch Casino & Resort from $102.00 to $128.00 and gave the company a “hold” rating in a report on Tuesday, July 21st. Zacks Research cut shares of Monarch Casino & Resort from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 22nd. Finally, UBS Group set a $124.00 price objective on shares of Monarch Casino & Resort in a research note on Thursday, July 2nd. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $124.40.

About Monarch Casino & Resort

Monarch Casino & Resort, Inc is a publicly traded owner and operator of an integrated casino resort in Reno, Nevada. The company’s flagship property, the Atlantis Casino Resort Spa, features a full-service casino floor with table games, slot machines, and sports betting, complemented by a diverse portfolio of amenities. Guests can choose from over 800 rooms and suites, dine at multiple on-site restaurants and bars, unwind at the full-service spa and salon, or enjoy live entertainment in the property’s showroom.

Monarch’s revenue streams are diversified across gaming operations, hotel accommodations, food and beverage services, and convention and meeting facilities.