Short Interest in Twin River Worldwide Holdings Inc (NYSE:TRWH) Declines By 14.7%

Twin River Worldwide Holdings Inc (NYSE:TRWH) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 2,388,700 shares, a decrease of 14.7% from the July 31st total of 2,799,300 shares. Approximately 6.7% of the company’s shares are sold short. Based on an average daily trading volume, of 482,100 shares, the short-interest ratio is presently 5.0 days.

NYSE TRWH traded up $0.06 during trading on Friday, hitting $24.14. The company had a trading volume of 198,300 shares, compared to its average volume of 374,824. The company has a current ratio of 4.46, a quick ratio of 4.39 and a debt-to-equity ratio of 1.67. Twin River Worldwide has a one year low of $20.35 and a one year high of $33.98. The stock has a fifty day simple moving average of $23.38.

Twin River Worldwide (NYSE:TRWH) last issued its quarterly earnings data 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 business had revenue of $143.22 million for the quarter, compared to analyst estimates of $157.45 million. On average, sell-side analysts predict that Twin River Worldwide will post 1.84 earnings per share for the current year.

Several equities research analysts have weighed in on TRWH shares. Zacks Investment Research raised shares of Twin River Worldwide from a “sell” rating to a “hold” rating in a research report on Thursday, August 29th. Union Gaming Research began coverage on shares of Twin River Worldwide in a research report on Thursday, June 20th. They set a “buy” rating and a $38.00 price target for the company. Finally, SunTrust Banks decreased their price objective on shares of Twin River Worldwide to $24.00 and set a “hold” rating for the company in a report on Tuesday, August 13th.

In other Twin River Worldwide news, major shareholder Chatham Asset Management, Llc sold 649,238 shares of the stock in a transaction on Friday, June 28th. The shares were sold at an average price of $29.93, for a total transaction of $19,431,693.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephen H. Capp purchased 9,000 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were purchased at an average cost of $21.95 per share, with a total value of $197,550.00. The disclosure for this purchase can be found here. Insiders have sold a total of 1,830,782 shares of company stock valued at $53,883,657 in the last three months. 35.00% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of TRWH. Morgan Stanley bought a new position in Twin River Worldwide in the 2nd quarter worth $41,000. Bank of Montreal Can bought a new position in Twin River Worldwide in the 2nd quarter worth $52,000. Tower Research Capital LLC TRC bought a new position in Twin River Worldwide in the 2nd quarter worth $113,000. Factorial Partners LLC bought a new position in Twin River Worldwide in the 2nd quarter worth $119,000. Finally, FNY Investment Advisers LLC raised its holdings in Twin River Worldwide by 507.1% in the 2nd quarter. FNY Investment Advisers LLC now owns 4,250 shares of the company’s stock worth $126,000 after purchasing an additional 3,550 shares in the last quarter. Institutional investors and hedge funds own 84.13% 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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