Twin River Worldwide Holdings Inc (NYSE:TRWH) Major Shareholder Chatham Asset Management, Llc Sells 529,542 Shares

Twin River Worldwide Holdings Inc (NYSE:TRWH) major shareholder Chatham Asset Management, Llc sold 529,542 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $27.95, for a total transaction of $14,800,698.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Chatham Asset Management, Llc also recently made the following trade(s):

  • On Tuesday, July 2nd, Chatham Asset Management, Llc sold 213,917 shares of Twin River Worldwide stock. The shares were sold at an average price of $29.30, for a total transaction of $6,267,768.10.
  • On Friday, June 28th, Chatham Asset Management, Llc sold 649,238 shares of Twin River Worldwide stock. The shares were sold at an average price of $29.93, for a total transaction of $19,431,693.34.
  • On Monday, June 24th, Chatham Asset Management, Llc sold 438,085 shares of Twin River Worldwide stock. The shares were sold at an average price of $30.55, for a total transaction of $13,383,496.75.
  • On Tuesday, April 16th, Chatham Asset Management, Llc acquired 8,169 shares of Twin River Worldwide stock. The shares were purchased at an average price of $33.15 per share, with a total value of $270,802.35.

TRWH traded down $1.33 during trading on Thursday, reaching $27.37. The company had a trading volume of 883,761 shares, compared to its average volume of 296,727. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.88 and a current ratio of 0.93. Twin River Worldwide Holdings Inc has a 12 month low of $27.21 and a 12 month high of $33.98. The company’s fifty day moving average price is $30.13.

Twin River Worldwide (NYSE:TRWH) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.06. The company had revenue of $120.63 million during the quarter, compared to the consensus estimate of $119.10 million. On average, sell-side analysts anticipate that Twin River Worldwide Holdings Inc will post 1.85 earnings per share for the current fiscal year.

The business also recently declared a special dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, July 8th.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Gabelli Funds LLC acquired a new position in shares of Twin River Worldwide during the 1st quarter worth approximately $336,000. Gamco Investors INC. ET AL acquired a new position in shares of Twin River Worldwide during the 1st quarter worth approximately $500,000. Teton Advisors Inc. acquired a new position in shares of Twin River Worldwide during the 1st quarter worth approximately $1,779,000. Kennedy Capital Management Inc. acquired a new position in shares of Twin River Worldwide during the 1st quarter worth approximately $3,815,000. Finally, Apollo Management Holdings L.P. acquired a new position in shares of Twin River Worldwide during the 1st quarter worth approximately $55,687,000. 62.73% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on TRWH shares. SunTrust Banks cut shares of Wageworks from a “buy” rating to a “hold” rating in a report on Friday, June 28th. Stifel Nicolaus cut shares of Owens Corning from a “buy” rating to a “hold” rating and set a $52.45 price objective for the company. in a report on Wednesday, April 24th. Union Gaming Research started coverage on shares of Twin River Worldwide in a report on Thursday, June 20th. They set a “buy” rating and a $38.00 price objective for the company. Finally, Zacks Investment Research cut shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th.

About Twin River Worldwide

There is no company description available for Twin River Worldwide Holdings Inc

Further Reading: Using the New Google Finance Tool

Insider Buying and Selling by Quarter for Twin River Worldwide (NYSE:TRWH)

Receive News & Ratings for Twin River Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twin River Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.