Twin River Worldwide Holdings Inc (NYSE:TRWH) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 2,388,700 shares, a decline of 14.7% from the July 31st total of 2,799,300 shares. Based on an average daily volume of 482,100 shares, the short-interest ratio is presently 5.0 days. Currently, 6.7% of the shares of the company are sold short.
Twin River Worldwide stock traded up $0.06 during midday trading on Friday, reaching $24.14. 198,300 shares of the stock were exchanged, compared to its average volume of 374,824. The firm has a fifty day simple moving average of $23.38. The company has a current ratio of 4.46, a quick ratio of 4.39 and a debt-to-equity ratio of 1.67. Twin River Worldwide has a 52 week low of $20.35 and a 52 week high of $33.98.
Twin River Worldwide (NYSE:TRWH) last posted its earnings results on Monday, August 12th. The company reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.03). The company had revenue of $143.22 million for the quarter, compared to analyst estimates of $157.45 million. Research analysts forecast that Twin River Worldwide will post 1.84 earnings per share for the current year.
In other news, major shareholder Chatham Asset Management, Llc sold 649,238 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $29.93, for a total value of $19,431,693.34. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Stephen H. Capp purchased 9,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was acquired at an average cost of $21.95 per share, for a total transaction of $197,550.00. The disclosure for this purchase can be found here. In the last three months, insiders sold 1,830,782 shares of company stock worth $53,883,657. Insiders own 35.00% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Apollo Management Holdings L.P. bought a new stake in Twin River Worldwide during the 1st quarter worth approximately $55,687,000. Ancora Advisors LLC bought a new stake in Twin River Worldwide during the 2nd quarter worth approximately $476,000. SG Americas Securities LLC bought a new stake in Twin River Worldwide during the 2nd quarter worth approximately $328,000. Gamco Investors INC. ET AL bought a new stake in Twin River Worldwide during the 1st quarter worth approximately $500,000. Finally, Kennedy Capital Management Inc. bought a new stake in Twin River Worldwide during the 1st quarter worth approximately $3,815,000. 84.13% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Twin River Worldwide from a “sell” rating to a “hold” rating in a research report on Thursday, August 29th. Union Gaming Research assumed coverage on shares of Twin River Worldwide in a research report on Thursday, June 20th. They issued a “buy” rating and a $38.00 price target on the stock. Finally, SunTrust Banks lowered their price target on shares of Twin River Worldwide to $24.00 and set a “hold” rating on the stock in a research report on Tuesday, August 13th.
About Twin River Worldwide
There is no company description available for Twin River Worldwide Holdings Inc
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