Twin River Worldwide (NYSE:TRWH) Price Target Lowered to $24.00 at SunTrust Banks

Twin River Worldwide (NYSE:TRWH) had its price target reduced by SunTrust Banks to $24.00 in a report released on Tuesday, The Fly reports. SunTrust Banks currently has a hold rating on the stock. SunTrust Banks also issued estimates for Twin River Worldwide’s Q4 2019 earnings at $0.34 EPS.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research upgraded Twin River Worldwide from a strong sell rating to a hold rating in a research report on Thursday, July 18th. Union Gaming Research initiated coverage on Twin River Worldwide in a research report on Thursday, June 20th. They set a buy rating and a $38.00 target price for the company. Finally, Stifel Nicolaus initiated coverage on Twin River Worldwide in a research report on Wednesday, April 24th. They set a buy rating and a $43.00 target price for the company.

Twin River Worldwide stock opened at $21.07 on Tuesday. 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 one year low of $20.35 and a one year high of $33.98. The stock’s 50 day moving average is $27.39.

Twin River Worldwide (NYSE:TRWH) last posted its earnings results on Monday, August 12th. The company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). The company had revenue of $143.22 million during the quarter, compared to analyst estimates of $157.45 million. On average, equities research analysts forecast that Twin River Worldwide will post 1.83 EPS for the current fiscal year.

The business also recently announced a special dividend, which was paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th were given a dividend of $0.10 per share. The ex-dividend date was Monday, July 8th.

In related news, major shareholder Chatham Asset Management, Llc sold 438,085 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $30.55, for a total transaction of $13,383,496.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 1,830,782 shares of company stock valued at $53,883,657 in the last 90 days. 35.00% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of TRWH. Apollo Management Holdings L.P. bought a new position in Twin River Worldwide in the 1st quarter valued at $55,687,000. BlackRock Inc. raised its position in Twin River Worldwide by 3,889.9% in the 2nd quarter. BlackRock Inc. now owns 1,512,639 shares of the company’s stock valued at $45,001,000 after purchasing an additional 1,474,727 shares during the last quarter. Kennedy Capital Management Inc. bought a new position in Twin River Worldwide in the 1st quarter valued at $3,815,000. Northern Trust Corp bought a new position in Twin River Worldwide in the 2nd quarter valued at $2,869,000. Finally, Bank of New York Mellon Corp bought a new position in Twin River Worldwide in the 2nd quarter valued at $2,310,000. Hedge funds and other institutional investors own 63.08% of the company’s stock.

Twin River Worldwide Company Profile

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

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