Shares of Twin River Worldwide Holdings Inc (NYSE:TRWH) have received an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company. Twin River Worldwide’s rating score has declined by 100% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a 1 year consensus price target of $26.50 for the company and are expecting that the company will post $0.40 EPS for the current quarter, according to Zacks. Zacks has also assigned Twin River Worldwide an industry rank of 170 out of 256 based on the ratings given to its competitors.
Several brokerages have weighed in on TRWH. Stifel Nicolaus began coverage on Twin River Worldwide in a report on Wednesday, April 24th. They issued a “buy” rating and a $43.00 price target for the company. Zacks Investment Research raised Twin River Worldwide from a “strong sell” rating to a “hold” rating in a report on Thursday, July 18th. Union Gaming Research began coverage on Twin River Worldwide in a report on Thursday, June 20th. They issued a “buy” rating and a $38.00 price target for the company. Finally, SunTrust Banks lowered their price target on Twin River Worldwide to $24.00 and set a “hold” rating for the company in a report on Tuesday.
In other Twin River Worldwide news, major shareholder Chatham Asset Management, Llc sold 649,238 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $29.93, for a total value of $19,431,693.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders sold 1,830,782 shares of company stock valued at $53,883,657. Corporate insiders own 35.00% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Cowen Inc. purchased a new position in shares of Twin River Worldwide in the second quarter worth about $1,632,000. Vanguard Group Inc. raised its stake in shares of Twin River Worldwide by 1,224.5% in the second quarter. Vanguard Group Inc. now owns 821,178 shares of the company’s stock worth $24,430,000 after purchasing an additional 759,178 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of Twin River Worldwide in the second quarter worth about $113,000. BlackRock Inc. raised its stake in shares of Twin River Worldwide by 3,889.9% in the second quarter. BlackRock Inc. now owns 1,512,639 shares of the company’s stock worth $45,001,000 after purchasing an additional 1,474,727 shares during the last quarter. Finally, Parametric Portfolio Associates LLC purchased a new position in shares of Twin River Worldwide in the second quarter worth about $312,000. Hedge funds and other institutional investors own 63.08% of the company’s stock.
TRWH stock traded up $0.02 during trading on Friday, reaching $21.09. 167,810 shares of the company traded hands, compared to its average volume of 363,416. Twin River Worldwide has a 12 month low of $20.35 and a 12 month high of $33.98. The company’s 50 day moving average price is $27.39. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.88.
Twin River Worldwide (NYSE:TRWH) last issued its quarterly earnings results on Monday, August 12th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.03). The business had revenue of $143.22 million during the quarter, compared to analyst estimates of $157.45 million. On average, analysts anticipate that Twin River Worldwide will post 1.83 EPS for the current year.
The firm also recently declared a special dividend, which was paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, July 8th.
Twin River Worldwide Company Profile
There is no company description available for Twin River Worldwide Holdings Inc
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