Shares of Twin River Worldwide Holdings Inc (NYSE:TRWH) have received a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. Twin River Worldwide’s rating score has declined by 100% from 90 days ago as a result of a number of analysts’ ratings changes.
Analysts have set a twelve-month consensus price target of $37.50 for the company and are forecasting that the company will post $0.54 earnings per share for the current quarter, according to Zacks. Zacks has also given Twin River Worldwide an industry rank of 97 out of 256 based on the ratings given to related companies.
A number of equities analysts have recently issued reports on the company. Stifel Nicolaus cut Owens Corning from a “buy” rating to a “hold” rating and set a $52.45 target price for the company. in a report on Wednesday, April 24th. Zacks Investment Research cut Hallmark Financial Services from a “buy” rating to a “hold” rating in a report on Thursday, July 18th. Union Gaming Research assumed coverage on Twin River Worldwide in a report on Thursday, June 20th. They issued a “buy” rating and a $38.00 target price for the company. Finally, SunTrust Banks cut Wageworks from a “buy” rating to a “hold” rating in a report on Friday, June 28th.
Shares of Twin River Worldwide stock traded down $0.25 on Thursday, reaching $26.07. 636,070 shares of the company were exchanged, compared to its average volume of 430,216. The business has a fifty day simple moving average of $29.30. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. Twin River Worldwide has a fifty-two week low of $26.00 and a fifty-two week high of $33.98.
Twin River Worldwide (NYSE:TRWH) last announced its earnings results on Tuesday, May 14th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. The company had revenue of $120.63 million for the quarter, compared to analyst estimates of $119.10 million. Analysts expect that Twin River Worldwide will post 1.83 EPS for the current year.
The business also recently declared a special dividend, which was paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, July 8th.
In related news, major shareholder Chatham Asset Management, Llc sold 529,542 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $27.95, for a total transaction of $14,800,698.90. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold a total of 1,830,782 shares of company stock worth $53,883,657 over the last 90 days. 35.00% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of TRWH. FNY Investment Advisers LLC raised its stake in shares of Twin River Worldwide by 507.1% in the 2nd quarter. FNY Investment Advisers LLC now owns 4,250 shares of the company’s stock valued at $126,000 after purchasing an additional 3,550 shares during the period. Strs Ohio acquired a new stake in shares of Twin River Worldwide in the second quarter valued at about $166,000. SG Americas Securities LLC acquired a new stake in shares of Twin River Worldwide in the second quarter valued at about $328,000. Gabelli Funds LLC acquired a new stake in shares of Twin River Worldwide in the first quarter valued at about $336,000. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of Twin River Worldwide in the first quarter valued at about $500,000. 62.74% of the stock is currently owned by institutional investors and hedge funds.
About Twin River Worldwide
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