Twin River Worldwide Holdings Inc (NYSE:TRWH) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 1,040,000 shares, a growth of 11.6% from the January 15th total of 932,000 shares. Approximately 3.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 189,900 shares, the days-to-cover ratio is presently 5.5 days.
In related news, Director Jeffrey W. Rollins sold 10,000 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $25.27, for a total transaction of $252,700.00. Following the sale, the director now owns 89,183 shares of the company’s stock, valued at $2,253,654.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 35.00% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Bank of Montreal Can grew its position in Twin River Worldwide by 37.8% during the fourth quarter. Bank of Montreal Can now owns 2,374 shares of the company’s stock worth $61,000 after buying an additional 651 shares in the last quarter. Endurance Wealth Management Inc. acquired a new stake in shares of Twin River Worldwide in the 4th quarter valued at $26,000. Swiss National Bank boosted its holdings in shares of Twin River Worldwide by 2.1% in the 4th quarter. Swiss National Bank now owns 48,025 shares of the company’s stock valued at $1,232,000 after purchasing an additional 1,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Twin River Worldwide by 144.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,766 shares of the company’s stock valued at $40,000 after purchasing an additional 1,044 shares in the last quarter. Finally, Morgan Stanley acquired a new stake in shares of Twin River Worldwide in the 2nd quarter valued at $41,000. 96.44% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently issued reports on TRWH shares. SunTrust Banks increased their price target on Twin River Worldwide from $26.00 to $31.00 and gave the stock a “hold” rating in a research report on Wednesday. Zacks Investment Research downgraded Twin River Worldwide from a “hold” rating to a “sell” rating in a research report on Friday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $32.80.
NYSE:TRWH traded up $0.13 during trading hours on Friday, reaching $29.73. 64,900 shares of the company were exchanged, compared to its average volume of 120,441. Twin River Worldwide has a 1-year low of $20.35 and a 1-year high of $33.98. The company has a current ratio of 2.99, a quick ratio of 2.91 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 (NYSE:TRWH) last issued its quarterly earnings results on Thursday, November 14th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.10). The company 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, research analysts anticipate that Twin River Worldwide will post 1.63 EPS for the current fiscal year.
About Twin River Worldwide
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