Caesars (CZR), Monarch Casino (MCRI) and more

In this article, we discuss the 9 stocks in Bryant Regan’s Lafitte Capital Management portfolio based on the fund’s holdings in Q2. If you want to skip our detailed analysis of hedge fund history, investment philosophy and performance, go straight to the 5 Shares in the Lafitte Capital Management portfolio of Bryant Regan.

Bryant Jude Regan is the founder of Lafitte Capital Management, and he has been a member of Lafitte Capital Management since March 2005. Bryant Regan graduated from Louisiana State University with a bachelor’s degree. Based in Texas, Lafitte Capital Management focuses on small cap companies in the manufacturing, electronics technology, transportation and consumer services sectors. The hedge fund’s 13F public stock portfolio is worth $163.13 million in the second quarter of 2021.

Some of the top investments in Lafitte Capital Management’s portfolio at the end of the second quarter of 2021 were Caesars Entertainment, Inc. (NASDAQ: CZR), Red Rock Resorts, Inc. (NASDAQ: RRR) and ChampionX Corporation (NASDAQ:CHX), among others.

In Caesars Entertainment, Inc. (NASDAQ:CZR), Bryant Regan’s Lafitte Capital Management owns 540,170 shares. On September 14, Wells Fargo analyst Daniel Politzer maintained an “overweight” rating on Caesars Entertainment, Inc. (NASDAQ:CZR) stock with a price target of $137.

Bryant Regan’s Lafitte Capital Management also has a stake in Red Rock Resorts, Inc. (NASDAQ: RRR). The hedge fund owns 50,000 shares of the company, worth $2.13 million. On Sept. 14, Wells Fargo analyst Daniel Politzer maintained an “overweight” rating on Red Rock Resorts, Inc. (NASDAQ: RRR) stock with a price target of $62.

Bryant Regan also owns 100,633 shares of ChampionX Corporation (NASDAQ:CHX), worth $2.58 million. On Sept. 17, Goldman Sachs analyst Neil Mehta maintained a “Sell” rating on ChampionX Corporation (NASDAQ:CHX) stock with a price target of $22.

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Why should we care about Regan’s stock picks? Insider Monkey’s research has pre-identified a select group of hedge funds that have outperformed the S&P 500 ETFs by more than 86 percentage points since March 2017. Between March 2017 and July 2021, hedge fund picks shares in our monthly newsletter returned 186.1%, down from 186.1%. 100.1% for SPY. Our stock selections outperformed the market by more than 86 percentage points (see details here). This is why we believe that hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can sign up for our free newsletter on our homepage to get our stories delivered to your inbox.

Here is a list of 9 stocks from Bryant Regan’s Lafitte Capital Management portfolio in 2021. We used Regan’s Q2 2021 13F portfolio for this analysis.

Bryant Regan’s Lafitte Capital stock portfolio: Caesars, Monarch Casino, etc.

9. Tivity Health, Inc. (NASDAQ:TVTY)

Value of Regan’s stake: $1,316,000

Percentage of Bryant Regan’s 13F portfolio: 0.8%

Number of hedge fund holders: 22

Tivity Health, Inc. (NASDAQ: TVTY) primarily serves seniors and seniors in the United States with health-related products. It was founded in 1981 and is ranked ninth on Bryant Regan’s Lafitte Capital Management portfolio stock list. Shares of Tivity Health, Inc. (NASDAQ:TVTY) have jumped 52.94% in the past 12 months.

In August, Cantor Fitzgerald analyst Steven Halper lowered his price target on Tivity Health, Inc. (NASDAQ:TVTY) to $33 from $36 and maintained an “overweight” rating on the stock after the results. of the second trimester. However, in a research note to investors, Halper says he still expects to see a strong comeback from Tivity Health, Inc. (NASDAQ:TVTY) in the future.

The hedge fund chaired by Bryant Regan added Tivity Health, Inc. (NASDAQ:TVTY) to its portfolio in the second quarter by buying 50,000 shares.

8. Audacy, Inc. (NYSE:USD)

Value of Regan’s stake: $1,567,000

Percentage of Bryant Regan’s 13F portfolio: 0.96%

Number of hedge fund holders: 17

Audacy, Inc. (NYSE: AUD) is a multi-platform audio content and entertainment company in the broadcast industry. It was incorporated in 1968 and ranks eighth on Bryant Regan’s Lafitte Capital Management portfolio stock list.

The stock is a new addition to Bryant Regan’s Lafitte Capital Management portfolio, as his hedge fund bought about 363,500 shares of Audacy, Inc. (NYSE: AUD), worth $1.57 million . The company owns 0.96% of Lafitte Capital Management’s total portfolio.

Caesars Entertainment, Inc. (NASDAQ:CZR), Red Rock Resorts, Inc. (NASDAQ:RRR) and ChampionX Corporation (NASDAQ:CHX) are among the top stocks in Bryant Regan’s Lafitte Capital Management portfolio, along with Audacy, Inc. (NYSE:AUD).

7. Red Rock Resorts, Inc. (NASDAQ:RRR)

Value of Regan’s stake: $2,125,000

Percentage of Bryant Regan’s 13F portfolio: 1.3%

Number of hedge fund holders: 26

Red Rock Resorts, Inc. (NASDAQ: RRR) operates in the casino, gambling and entertainment industries in the United States. It was founded in 1976 and is ranked seventh on Bryant Regan’s Lafitte Capital Management portfolio stock list. Red Rock Resorts, Inc. (NASDAQ:RRR) stock has gained 203.49% over the past 12 months.

The hedge fund managed by Bryant Regan owns 50,000 shares of Red Rock Resorts, Inc. (NASDAQ: RRR), worth $2.13 million. In the second quarter of 2021, 26 hedge funds in the Insider Monkey database of 873 funds held stakes in Red Rock Resorts, Inc. (NASDAQ: RRR) compared to 28 funds in the previous quarter.

In its letter to investors for the second quarter of 2021, Diamond Hill Capital mentioned Red Rock Resorts, Inc. (NASDAQ: RRR). Here is what the fund said:

“Based on individual holdings, top contributors to performance included Red Rock Resorts, a casino operator controlling more than half of the local Las Vegas market. Red Rock is benefiting from pent-up demand, but it has also performed well during the pandemic – controlling costs by selectively reopening facilities, improving its balance sheet and achieving record margins.

6. ChampionX Corporation (NASDAQ:CHX)

Value of Regan’s stake: $2,581,000

Percentage of Bryant Regan’s 13F portfolio: 1.58%

Number of hedge fund holders: 30

ChampionX Corporation (NASDAQ:CHX) provides chemical solutions, engineering equipment and technology to oil and gas companies worldwide.

The hedge fund chaired by Bryant Regan owns 100,633 shares of ChampionX Corporation (NASDAQ:CHX) worth more than $2.58 million. In addition, the hedge fund reduced its stake in the company by 78% in the second quarter of 2021. ChampionX Corporation Inc (NASDAQ:CHX) is also attracting smart money’s attention, as 30 hedge funds tracked by Insider Monkey have reported owning stakes in the company in the second quarter, down from 28 funds a quarter earlier. Gates Capital Management is the largest shareholder of ChampionX Corporation (NASDAQ:CHX) with 4.74 million shares, worth $121.60 million.

Click to read on and see Bryant Regan’s top 5 Lafitte Capital stock picks.

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Disclosure: none. Bryant Regan’s Lafitte Capital stock portfolio: Caesars, Monarch Casino, etc. is originally published on Insider Monkey.

Sallie R. Loera