Twin River Worldwide (NYSE:TRWH) Stock Price Down 6.1%

Twin River Worldwide Holdings Inc (NYSE:TRWH) traded down 6.1% during mid-day trading on Friday . The stock traded as low as $21.62 and last traded at $22.81, 696,100 shares changed hands during trading. An increase of 116% from the average session volume of 321,772 shares. The stock had previously closed at $24.28.

Several analysts have issued reports on the company. Zacks Investment Research cut Twin River Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday. Cowen assumed coverage on Twin River Worldwide in a research note on Thursday, October 10th. They set a “market perform” rating and a $24.00 price objective on the stock. Finally, SunTrust Banks cut their price objective on Twin River Worldwide to $24.00 and set a “hold” rating on the stock in a research note on Tuesday, August 13th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $31.40.

The company has a 50 day simple moving average of $23.67 and a 200-day simple moving average of $26.44. 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 (NYSE:TRWH) last announced its quarterly earnings data on Monday, August 12th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). The business had revenue of $143.22 million during the quarter, compared to analysts’ expectations of $157.45 million. Equities research analysts expect that Twin River Worldwide Holdings Inc will post 1.8 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend was Friday, October 11th.

In other news, insider Stephen H. Capp acquired 9,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were purchased at an average price of $21.95 per share, for a total transaction of $197,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 35.00% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Twin River Worldwide by 144.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,766 shares of the company’s stock worth $40,000 after purchasing an additional 1,044 shares during the period. Morgan Stanley acquired a new stake in shares of Twin River Worldwide during the 2nd quarter worth approximately $41,000. Meeder Asset Management Inc. acquired a new stake in shares of Twin River Worldwide during the 3rd quarter worth approximately $44,000. Bank of Montreal Can acquired a new stake in shares of Twin River Worldwide during the 2nd quarter worth approximately $52,000. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Twin River Worldwide during the 2nd quarter worth approximately $113,000. Institutional investors and hedge funds own 84.34% of the company’s stock.

Twin River Worldwide Company Profile (NYSE:TRWH)

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

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