Lafitte Capital Management Lp buys $17,042,989 stake in Monarch Casino & Resort (MCRI)

Monarch Casino & Resort (MCRI) : Lafitte Capital Management Lp scooped up 45,718 additional shares in Monarch Casino & Resort during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 686,387 shares of Monarch Casino & Resort which is valued at $17,042,989.Monarch Casino & Resort makes up approximately 9.97% of Lafitte Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Gsa Capital Partners Llp boosted its stake in MCRI in the latest quarter, The investment management firm added 11,237 additional shares and now holds a total of 33,468 shares of Monarch Casino & Resort which is valued at $831,010. Monarch Casino & Resort makes up approx 0.04% of Gsa Capital Partners Llp’s portfolio.Alliancebernstein boosted its stake in MCRI in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 14,500 shares of Monarch Casino & Resort which is valued at $349,160. Capital One National Association added MCRI to its portfolio by purchasing 17,969 company shares during the most recent quarter which is valued at $424,967. Monarch Casino & Resort makes up approx 0.03% of Capital One National Association’s portfolio. Texas Permanent School Fund added MCRI to its portfolio by purchasing 8,311 company shares during the most recent quarter which is valued at $194,810.Strs Ohio reduced its stake in MCRI by selling 2,400 shares or 8.6% in the most recent quarter. The Hedge Fund company now holds 25,500 shares of MCRI which is valued at $597,720.

Monarch Casino & Resort opened for trading at $24.8 and hit $25.23 on the upside on Monday, eventually ending the session at $25.21, with a gain of 1.20% or 0.3 points. The heightened volatility saw the trading volume jump to 63,172 shares. Company has a market cap of $438 M.

Many Wall Street Analysts have commented on Monarch Casino & Resort. Gabelli & Co Initiated Monarch Casino & Resort on Oct 14, 2016 to “Hold”, Price Target of the shares are set at $27.

Monarch Casino & Resort Inc. (Monarch) through its wholly owned subsidiaries owns and operates the Atlantis Casino Resort Spa (the Atlantis) a hotel/casino facility in Reno Nevada (the Atlantis); the Monarch Casino Black Hawk in Black Hawk Colorado (the Monarch Casino Black Hawk) and real estate proximate to the Atlantis and Monarch Casino Black Hawk. The Atlantis is located approximately three miles south of downtown in the area of Reno Nevada. The Monarch Casino Black Hawk is located approximately 40 miles west of Denver Colorado. The Company’s wholly owned subsidiaries include Golden Road Motor Inn Inc. (Golden Road) Monarch Growth Inc. (Monarch Growth) Monarch Black Hawk Inc. (Monarch Black Hawk) High Desert Sunshine Inc. (High Desert) Golden East Inc. (Golden East) and Golden North Inc.

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