Twin River Worldwide (NYSE:TRWH) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of Twin River Worldwide (NYSE:TRWH) from a strong sell rating to a hold rating in a research note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “Twin River Worldwide Holdings Inc. owns and manages casinos, primarily in Rhode Island, Mississippi and Delaware, as well as a Colorado horse race track which possesses licenses. The company’s properties include Twin River Casino Hotel, Tiverton Casino Hotel, Hard Rock Hotel & Casino, Dover Downs Hotel Casino and Arapahoe Park. Twin River Worldwide Holdings Inc. is based in RI, United States. “

A number of other research firms have also recently issued reports on TRWH. SunTrust Banks cut shares of Wageworks from a buy rating to a hold rating in a research note on Friday, June 28th. Union Gaming Research began coverage on shares of Twin River Worldwide in a research note on Thursday, June 20th. They set a buy rating and a $38.00 target price for the company. Finally, Stifel Nicolaus cut shares of Owens Corning from a buy rating to a hold rating and set a $52.45 target price for the company. in a research note on Wednesday, April 24th.

NYSE TRWH opened at $27.94 on Thursday. The business’s 50-day moving average is $29.73. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. Twin River Worldwide has a 52-week low of $27.21 and a 52-week high of $33.98.

Twin River Worldwide (NYSE:TRWH) last posted its earnings results on Tuesday, May 14th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. The company had revenue of $120.63 million for the quarter, compared to analyst estimates of $119.10 million. As a group, equities research analysts expect that Twin River Worldwide will post 1.85 earnings per share for the current year.

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

In other news, major shareholder Chatham Asset Management, Llc sold 529,542 shares of the firm’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $27.95, for a total transaction of $14,800,698.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 1,830,782 shares of company stock valued at $53,883,657. 35.00% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Gabelli Funds LLC acquired a new stake in Twin River Worldwide in the 1st quarter worth about $336,000. Gamco Investors INC. ET AL acquired a new stake in Twin River Worldwide in the 1st quarter worth about $500,000. Teton Advisors Inc. acquired a new stake in Twin River Worldwide in the 1st quarter worth about $1,779,000. Kennedy Capital Management Inc. acquired a new stake in Twin River Worldwide in the 1st quarter worth about $3,815,000. Finally, Apollo Management Holdings L.P. acquired a new stake in Twin River Worldwide in the 1st quarter worth about $55,687,000. Institutional investors own 62.73% of the company’s stock.

About Twin River Worldwide

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

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