Full House Resorts (NASDAQ:FLL) Rating Lowered to Hold at ValuEngine

ValuEngine cut shares of Full House Resorts (NASDAQ:FLL) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning, ValuEngine reports.

Several other research firms also recently issued reports on FLL. Roth Capital restated a buy rating on shares of Full House Resorts in a research report on Wednesday, September 25th. Zacks Investment Research downgraded Full House Resorts from a hold rating to a strong sell rating in a research report on Tuesday.

Shares of NASDAQ:FLL traded up $0.10 during trading on Tuesday, hitting $2.30. 252,147 shares of the company were exchanged, compared to its average volume of 47,694. The company has a market cap of $62.05 million, a PE ratio of -17.69 and a beta of 0.62. The stock has a 50 day moving average of $2.01 and a 200 day moving average of $2.02. Full House Resorts has a 52-week low of $1.60 and a 52-week high of $3.10. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.52 and a quick ratio of 1.43.

Full House Resorts (NASDAQ:FLL) last posted its earnings results on Thursday, August 8th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $41.66 million for the quarter, compared to analysts’ expectations of $42.38 million. Full House Resorts had a negative return on equity of 3.48% and a negative net margin of 1.23%. Sell-side analysts forecast that Full House Resorts will post -0.06 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the business. Kennedy Capital Management Inc. lifted its position in shares of Full House Resorts by 2.5% during the first quarter. Kennedy Capital Management Inc. now owns 1,311,304 shares of the company’s stock worth $2,649,000 after acquiring an additional 32,224 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Full House Resorts by 3.3% in the second quarter. Renaissance Technologies LLC now owns 1,010,023 shares of the company’s stock worth $1,889,000 after buying an additional 31,931 shares in the last quarter. Finally, Balyasny Asset Management LLC purchased a new stake in shares of Full House Resorts in the second quarter worth $327,000. Hedge funds and other institutional investors own 42.89% of the company’s stock.

About Full House Resorts

Full House Resorts, Inc owns, develops, operates, manages, leases, and/or invests in casinos, and related hospitality and entertainment facilities in the United States. The company owns and operates the Silver Slipper Casino and Hotel in Hancock County, Mississippi, which has 920 slot machines and 26 table games, a surface parking lot, approximately 800-space parking garage, and 129 hotel rooms; a fine-dining restaurant, a buffet, and a quick-service restaurant, as well as oyster, casino, beachfront bars; and 37-space beachfront RV park.

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