Balyasny Asset Management L.P. Has $1.01 Million Stock Position in Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

Balyasny Asset Management L.P. reduced its stake in Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) by 82.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,744 shares of the company's stock after selling 60,355 shares during the period. Balyasny Asset Management L.P. owned approximately 0.07% of Monarch Casino & Resort worth $1,006,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MCRI. Golden State Wealth Management LLC acquired a new stake in shares of Monarch Casino & Resort in the fourth quarter valued at approximately $53,000. KBC Group NV increased 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 buying an additional 396 shares in the last quarter. Independence Bank of Kentucky purchased a new position in shares of Monarch Casino & Resort in the fourth quarter valued at $93,000. Nisa Investment Advisors LLC boosted its stake in shares of Monarch Casino & Resort by 30.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,693 shares of the company's stock valued at $134,000 after acquiring an additional 400 shares during the last quarter. Finally, Bank of Montreal Can acquired a new stake in Monarch Casino & Resort in the 4th quarter worth about $202,000. 62.37% of the stock is owned by institutional investors and hedge funds.

Monarch Casino & Resort Trading Down 1.1%

Shares of Monarch Casino & Resort stock traded down $0.90 on Tuesday, reaching $81.72. 8,091 shares of the company were exchanged, compared to its average volume of 102,642. The stock has a fifty day moving average price of $78.47 and a 200-day moving average price of $82.41. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 16.51 and a beta of 1.59. Monarch Casino & Resort, Inc. has a fifty-two week low of $64.58 and a fifty-two week high of $96.11.

Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.01. The firm had revenue of $125.39 million for the quarter, compared to analyst estimates of $122.70 million. Monarch Casino & Resort had a return on equity of 18.27% and a net margin of 18.01%. On average, equities analysts anticipate that Monarch Casino & Resort, Inc. will post 5.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Truist Financial dropped their target price on Monarch Casino & Resort from $105.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Stifel Nicolaus reduced their price objective on Monarch Casino & Resort from $90.00 to $81.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. Macquarie reiterated a "neutral" rating and set a $92.00 price target on shares of Monarch Casino & Resort in a research report on Wednesday, April 23rd. Wells Fargo & Company boosted their price target on Monarch Casino & Resort from $79.00 to $82.00 and gave the stock an "underweight" rating in a research report on Wednesday, February 12th. Finally, StockNews.com downgraded Monarch Casino & Resort from a "strong-buy" rating to a "buy" rating in a research note 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 issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $88.60.

About Monarch Casino & Resort

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.