Balyasny Asset Management L.P. cut its holdings in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) by 82.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,744 shares of the company's stock after selling 60,355 shares during the quarter. Balyasny Asset Management L.P. owned 0.07% of Monarch Casino & Resort worth $1,006,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. LPL Financial LLC increased its stake in shares of Monarch Casino & Resort by 47.0% in the fourth quarter. LPL Financial LLC now owns 6,737 shares of the company's stock worth $532,000 after buying an additional 2,155 shares during the period. Barclays PLC increased its stake in shares of Monarch Casino & Resort by 108.2% in the third quarter. Barclays PLC now owns 33,508 shares of the company's stock worth $2,656,000 after buying an additional 17,413 shares during the period. Jackson Creek Investment Advisors LLC purchased a new position in shares of Monarch Casino & Resort in the fourth quarter worth $1,516,000. Dark Forest Capital Management LP purchased a new position in shares of Monarch Casino & Resort in the fourth quarter worth $325,000. Finally, Ritholtz Wealth Management purchased a new position in shares of Monarch Casino & Resort in the fourth quarter worth $254,000. 62.37% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several brokerages recently commented on MCRI. Stifel Nicolaus decreased their target price on shares of Monarch Casino & Resort from $90.00 to $81.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. Macquarie reiterated a "neutral" rating and issued a $92.00 price target on shares of Monarch Casino & Resort in a report on Wednesday, April 23rd. StockNews.com cut shares of Monarch Casino & Resort from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 12th. Truist Financial cut their price target on shares of Monarch Casino & Resort from $105.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company lifted their price target 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 equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Monarch Casino & Resort has an average rating of "Hold" and a consensus target price of $88.60.
Read Our Latest Analysis on Monarch Casino & Resort
Monarch Casino & Resort Price Performance
NASDAQ:MCRI traded up $0.50 during trading hours on Friday, hitting $82.78. The company had a trading volume of 68,647 shares, compared to its average volume of 115,768. The company has a market capitalization of $1.53 billion, a PE ratio of 16.72 and a beta of 1.59. The stock has a 50-day moving average price of $78.51 and a 200 day moving average price of $82.35. Monarch Casino & Resort, Inc. has a 52 week low of $64.58 and a 52 week high of $96.11.
Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.01. Monarch Casino & Resort had a net margin of 18.01% and a return on equity of 18.27%. The firm had revenue of $125.39 million for the quarter, compared to analysts' expectations of $122.70 million. Analysts anticipate that Monarch Casino & Resort, Inc. will post 5.13 EPS for the current fiscal year.
Monarch Casino & Resort Profile
(
Free Report)
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.
Featured Articles
Before you consider Monarch Casino & Resort, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Monarch Casino & Resort wasn't on the list.
While Monarch Casino & Resort currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
