Empire Resorts (NASDAQ:NYNY) Upgraded at BidaskClub

BidaskClub upgraded shares of Empire Resorts (NASDAQ:NYNY) from a sell rating to a hold rating in a research report released on Tuesday morning, BidAskClub reports.

Shares of NYNY stock opened at $9.78 on Tuesday. The company has a quick ratio of 0.36, a current ratio of 0.37 and a debt-to-equity ratio of 2.75. Empire Resorts has a fifty-two week low of $6.31 and a fifty-two week high of $20.25. The company has a 50 day moving average of $10.84.

Empire Resorts (NASDAQ:NYNY) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($1.09) earnings per share for the quarter. Empire Resorts had a negative net margin of 68.57% and a negative return on equity of 74.60%. The company had revenue of $57.61 million during the quarter.

A number of hedge funds have recently made changes to their positions in NYNY. Bank of New York Mellon Corp lifted its position in Empire Resorts by 39.6% in the fourth quarter. Bank of New York Mellon Corp now owns 16,073 shares of the company’s stock valued at $163,000 after purchasing an additional 4,557 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Empire Resorts by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 55,670 shares of the company’s stock valued at $563,000 after acquiring an additional 997 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Empire Resorts by 1.1% during the fourth quarter. BlackRock Inc. now owns 289,765 shares of the company’s stock valued at $2,936,000 after acquiring an additional 3,047 shares in the last quarter. Hedge funds and other institutional investors own 1.91% of the company’s stock.

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 1,090 video lottery terminals and 20 electronic table game positions; Resorts World Catskills, a casino resort located in Sullivan County, New York; The Alder, a 101-room modern lifestyle hotel; and Amenities, a Casino with 332 guest rooms and suites.

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