Assenagon Asset Management S.A. Reduces Position in Monarch Casino & Resort, Inc. $MCRI
The Lincolnian Online
Assenagon Asset Management cut its stake in Monarch Casino & Resort by 57% in Q1, selling 22,538 shares.Summary
Assenagon Asset Management S.A. trimmed its holdings in Monarch Casino & Resort, Inc. by 57.0% in Q1, selling 22,538 shares and leaving 16,995 shares worth $1.625 million. Other hedge funds adjusted positions, with Qube Research & Technologies boosting its stake by 77.1% and Arrowstreet Capital increasing by 64.5%. Monarch’s stock traded down 1.2%, with a market cap of $2.31 billion and a 12‑month high of $135.93. The company reported earnings of $1.52 EPS, beating estimates, and paid a $0.30 quarterly dividend. CEO John Farahi sold 5,000 shares, reducing his holding by 0.80%. Analyst ratings are mixed, with two "buy" and four "hold" ratings, and a consensus "hold" target of $109.50.
(Source：The Lincolnian Online)