BidaskClub upgraded shares of Empire Resorts (NASDAQ:NYNY) from a sell rating to a hold rating in a research note published on Saturday morning.
Shares of NASDAQ:NYNY opened at $20.60 on Friday. Empire Resorts has a 12 month low of $15.88 and a 12 month high of $30.98. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.17 and a quick ratio of 0.17.
In other Empire Resorts news, insider Emanuel R. Pearlman sold 5,500 shares of the stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of $21.94, for a total transaction of $120,670.00. Following the sale, the insider now owns 165,734 shares of the company’s stock, valued at approximately $3,636,203.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.89% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in NYNY. Schwab Charles Investment Management Inc. acquired a new position in Empire Resorts during the 4th quarter valued at about $311,000. Cambridge Investment Research Advisors Inc. acquired a new position in Empire Resorts during the 4th quarter valued at about $204,000. SG Americas Securities LLC acquired a new position in Empire Resorts during the 3rd quarter valued at about $117,000. Geode Capital Management LLC lifted its position in Empire Resorts by 12.0% during the 4th quarter. Geode Capital Management LLC now owns 47,594 shares of the company’s stock valued at $1,285,000 after purchasing an additional 5,093 shares during the period. Finally, Deutsche Bank AG lifted its position in Empire Resorts by 149.9% during the 4th quarter. Deutsche Bank AG now owns 7,648 shares of the company’s stock valued at $206,000 after purchasing an additional 4,587 shares during the period. Institutional investors own 1.79% of the company’s stock.
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About Empire Resorts
Empire Resorts, Inc engages in hospitality and gaming businesses in New York. The company owns and operates Monticello Casino and Raceway, a video gaming machine (VGM) and harness horseracing facility in Monticello that operates 1,110 VGMs, including 1,070 video lottery terminals and 40 electronic table game positions, as well as Resorts World Catskills, a casino resort located in Sullivan County, New York.
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