Trexquant Investment LP Makes New $356,000 Investment in Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

Trexquant Investment LP acquired a new position in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 4,512 shares of the company's stock, valued at approximately $356,000.

A number of other hedge funds have also made changes to their positions in MCRI. Golden State Wealth Management LLC acquired a new position in Monarch Casino & Resort during the fourth quarter worth about $53,000. KBC Group NV grew its position in shares of Monarch Casino & Resort by 67.8% in the fourth quarter. KBC Group NV now owns 980 shares of the company's stock valued at $77,000 after purchasing an additional 396 shares in the last quarter. Independence Bank of Kentucky acquired a new stake in shares of Monarch Casino & Resort in the fourth quarter valued at approximately $93,000. Nisa Investment Advisors LLC lifted its position in Monarch Casino & Resort by 30.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,693 shares of the company's stock worth $134,000 after buying an additional 400 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in Monarch Casino & Resort by 49.8% during the fourth quarter. Pacer Advisors Inc. now owns 2,760 shares of the company's stock worth $218,000 after buying an additional 917 shares during the last quarter. Institutional investors and hedge funds own 62.37% of the company's stock.

Monarch Casino & Resort Trading Up 1.1 %

Monarch Casino & Resort stock traded up $0.84 during midday trading on Friday, reaching $75.63. 105,029 shares of the stock traded hands, compared to its average volume of 118,547. The firm has a market cap of $1.40 billion, a PE ratio of 15.28 and a beta of 1.57. The company has a 50-day simple moving average of $83.10 and a two-hundred day simple moving average of $82.01. Monarch Casino & Resort, Inc. has a 12-month low of $64.58 and a 12-month high of $96.11.

Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.23. Monarch Casino & Resort had a net margin of 18.01% and a return on equity of 18.27%. During the same quarter in the prior year, the company posted $1.03 EPS. Equities research analysts anticipate that Monarch Casino & Resort, Inc. will post 5.13 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MCRI shares. Jefferies Financial Group boosted their price target on shares of Monarch Casino & Resort from $73.00 to $88.00 and gave the company a "hold" rating in a research report on Friday, January 3rd. Stifel Nicolaus lifted their price target on shares of Monarch Casino & Resort from $80.00 to $90.00 and gave the company a "hold" rating in a research report on Wednesday, February 12th. Truist Financial raised Monarch Casino & Resort from a "hold" rating to a "buy" rating and raised their target price for the stock from $82.00 to $100.00 in a research note on Tuesday, January 14th. StockNews.com cut Monarch Casino & Resort from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 12th. Finally, Wells Fargo & Company boosted their price objective on shares of Monarch Casino & Resort from $79.00 to $82.00 and gave the company an "underweight" rating in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $87.20.

Monarch Casino & Resort Profile

Monarch Casino & Resort, Inc engages in the ownership and operation of the Atlantis Casino Resort Spa, a hotel and casino facility in Reno, Nevada, and the Monarch Black Hawk Casino in Black Hawk, Colorado. The company was founded in 1993 and is headquartered in Reno, NV.