Twin River Worldwide Holdings Inc (NYSE:TRWH) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 1,040,000 shares, an increase of 11.6% from the January 15th total of 932,000 shares. Based on an average trading volume of 189,900 shares, the short-interest ratio is currently 5.5 days. Currently, 3.4% of the company’s shares are sold short.
A number of research analysts have issued reports on the company. Zacks Investment Research cut Twin River Worldwide from a “hold” rating to a “sell” rating in a research note on Friday. SunTrust Banks upped their price objective on Twin River Worldwide from $26.00 to $31.00 and gave the stock a “hold” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $32.80.
In other Twin River Worldwide news, Director Jeffrey W. Rollins sold 10,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $25.27, for a total value of $252,700.00. Following the completion of the transaction, the director now directly owns 89,183 shares of the company’s stock, valued at $2,253,654.41. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 35.00% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of TRWH. Bank of America Corp DE raised its holdings in Twin River Worldwide by 1.2% during the fourth quarter. Bank of America Corp DE now owns 916,059 shares of the company’s stock worth $23,496,000 after acquiring an additional 11,191 shares in the last quarter. Vanguard Group Inc. raised its holdings in Twin River Worldwide by 1,224.5% during the second quarter. Vanguard Group Inc. now owns 821,178 shares of the company’s stock worth $24,430,000 after acquiring an additional 759,178 shares in the last quarter. State Street Corp raised its holdings in Twin River Worldwide by 2.2% during the fourth quarter. State Street Corp now owns 388,139 shares of the company’s stock worth $9,956,000 after acquiring an additional 8,452 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in Twin River Worldwide by 155.8% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 287,880 shares of the company’s stock worth $7,384,000 after acquiring an additional 175,320 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Twin River Worldwide by 129.6% during the fourth quarter. Bank of New York Mellon Corp now owns 172,735 shares of the company’s stock worth $4,430,000 after acquiring an additional 97,489 shares in the last quarter. 96.44% of the stock is owned by institutional investors.
Shares of TRWH stock traded up $0.13 on Friday, hitting $29.73. 64,900 shares of the stock were exchanged, compared to its average volume of 120,441. The company has a quick ratio of 2.91, a current ratio of 2.99 and a debt-to-equity ratio of 2.66. The business has a 50-day moving average of $26.38 and a 200 day moving average of $24.32. Twin River Worldwide has a fifty-two week low of $20.35 and a fifty-two week high of $33.98.
Twin River Worldwide (NYSE:TRWH) last posted its quarterly earnings data on Thursday, November 14th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.10). The firm had revenue of $129.31 million for the quarter, compared to analyst estimates of $128.55 million. Twin River Worldwide had a return on equity of 22.17% and a net margin of 12.66%. On average, sell-side analysts anticipate that Twin River Worldwide will post 1.63 earnings per share for the current fiscal year.
Twin River Worldwide Company Profile
There is no company description available for Twin River Worldwide Holdings Inc
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