Today, DUPONT CAPITAL MANAGEMENT Corp decides to keep it stake in Monarch Casino & Resort Inc. (MCRI) to the level of $332,000

Today, DUPONT CAPITAL MANAGEMENT Corp decides to keep it stake in Monarch Casino & Resort Inc. (MCRI) to the level of $332,000
DUPONT CAPITAL MANAGEMENT Corp cut its stake in Monarch Casino & Resort Inc. (NASDAQ:MCRI) by 70.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,172 shares of the company’s stock after selling 31,119 shares during the period. DUPONT CAPITAL MANAGEMENT Corp owned 0.08% of Monarch Casino & Resort worth $332,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Argent Capital Management LLC bought a new stake in shares of Monarch Casino & Resort during the second quarter worth approximately $1,247,000. Numeric Investors LLC bought a new stake in shares of Monarch Casino & Resort during the second quarter worth approximately $851,000. Coe Capital Management LLC bought a new stake in shares of Monarch Casino & Resort during the second quarter worth approximately $835,000. BlackRock Fund Advisors raised its stake in shares of Monarch Casino & Resort by 5.6% in the second quarter. BlackRock Fund Advisors now owns 700,605 shares of the company’s stock worth $15,392,000 after buying an additional 36,888 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Monarch Casino & Resort by 6.9% in the second quarter. Vanguard Group Inc. now owns 463,968 shares of the company’s stock worth $10,193,000 after buying an additional 30,137 shares during the last quarter. Institutional investors own 55.22% of the company’s stock.

Shares of Monarch Casino & Resort Inc. (NASDAQ:MCRI) opened at 26.08 on Friday. The firm has a market capitalization of $452.96 million, a price-to-earnings ratio of 19.76 and a beta of 0.98. Monarch Casino & Resort Inc. has a one year low of $17.29 and a one year high of $26.15. The company’s 50 day moving average is $24.16 and its 200-day moving average is $23.11.

Monarch Casino & Resort (NASDAQ:MCRI) last posted its earnings results on Tuesday, October 25th. The company reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.07. Monarch Casino & Resort had a net margin of 10.91% and a return on equity of 10.88%. Equities analysts expect that Monarch Casino & Resort Inc. will post $1.36 EPS for the current year.

A number of equities research analysts recently commented on MCRI shares. Zacks Investment Research upgraded shares of Monarch Casino & Resort from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective on the stock in a report on Friday, October 28th. Gabelli started coverage on shares of Monarch Casino & Resort in a report on Friday, October 14th. They set a “hold” rating and a $27.00 price objective on the stock.

In other Monarch Casino & Resort news, COO David-Jacques Farahi sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $24.76, for a total transaction of $123,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 27.91% of the company’s stock.

About Monarch Casino & Resort

Monarch Casino & Resort, Inc (Monarch), through its subsidiary, owns and operates the Atlantis Casino Resort Spa (the Atlantis), a hotel/casino facility in Reno, Nevada. The Company also owns and operates Monarch Casino Black Hawk. The Company’s operating segments include Atlantis and Monarch Casino Black Hawk.

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