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

Twin River Worldwide Holdings Inc (NYSE:TRWH) major shareholder Chatham Asset Management, Llc sold 529,542 shares of the firm’s stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% 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 bought 8,169 shares of Twin River Worldwide stock. The stock was purchased at an average cost of $33.15 per share, with a total value of $270,802.35.

Shares of Twin River Worldwide stock opened at $28.97 on Friday. The firm’s fifty day simple moving average is $30.08. Twin River Worldwide Holdings Inc has a 1 year low of $27.21 and a 1 year high of $33.98. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.88.



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

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

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

Several research firms recently weighed in on TRWH. 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. Union Gaming Research began coverage on shares of Twin River Worldwide in a research note on Thursday, June 20th. They issued a “buy” rating and a $38.00 target price for the company. Zacks Investment Research cut shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. Finally, SunTrust Banks cut shares of Wageworks from a “buy” rating to a “hold” rating in a research note on Friday, June 28th.

About Twin River Worldwide

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

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