Twin River Worldwide (NYSE:TRWH) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Twin River Worldwide (NYSE:TRWH) from a strong sell rating to a hold rating in a research report sent to investors on Thursday morning, 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. “

Other research analysts also recently issued research reports about the stock. Union Gaming Research began coverage on shares of Twin River Worldwide in a research report on Thursday, June 20th. They issued a buy rating and a $38.00 price target on the stock. Stifel Nicolaus downgraded shares of Owens Corning from a buy rating to a hold rating and set a $52.45 price target on the stock. in a research report on Wednesday, April 24th. Finally, SunTrust Banks downgraded shares of Wageworks from a buy rating to a hold rating in a research report on Friday, June 28th.



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

Twin River Worldwide (NYSE:TRWH) last issued its quarterly earnings results on Tuesday, May 14th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.06. The firm had revenue of $120.63 million during the quarter, compared to analyst estimates of $119.10 million. Equities research analysts forecast that Twin River Worldwide will post 1.85 EPS for the current fiscal year.

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

In related news, major shareholder Chatham Asset Management, Llc sold 438,085 shares of the business’s stock in a transaction on Monday, June 24th. The shares were 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 SEC, which is available at this hyperlink. Insiders have sold a total of 1,830,782 shares of company stock worth $53,883,657 in the last quarter. 35.00% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Gabelli Funds LLC bought a new stake in shares of Twin River Worldwide during the first quarter worth $336,000. Gamco Investors INC. ET AL bought a new stake in shares of Twin River Worldwide during the first quarter worth $500,000. Teton Advisors Inc. bought a new stake in shares of Twin River Worldwide during the first quarter worth $1,779,000. Kennedy Capital Management Inc. bought a new stake in shares of Twin River Worldwide during the first quarter worth $3,815,000. Finally, Apollo Management Holdings L.P. bought a new stake in shares of Twin River Worldwide during the first quarter worth $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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