Twin River Worldwide (NYSE:TRWH) Rating Increased to Hold at ValuEngine

Twin River Worldwide (NYSE:TRWH) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Wednesday, ValuEngine reports.

Other equities research analysts have also issued reports about the stock. Zacks Investment Research raised shares of Twin River Worldwide from a “sell” rating to a “strong-buy” rating and set a $34.00 price objective for the company in a report on Saturday, February 15th. SunTrust Banks increased their price objective on shares of Twin River Worldwide from $26.00 to $31.00 and gave the company a “hold” rating in a report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $34.00.

NYSE TRWH opened at $14.38 on Wednesday. Twin River Worldwide has a 12 month low of $7.22 and a 12 month high of $33.98. The stock has a market cap of $339.70 million and a price-to-earnings ratio of 9.85. The company’s 50 day moving average is $22.46 and its two-hundred day moving average is $23.94. The company has a current ratio of 2.73, a quick ratio of 2.64 and a debt-to-equity ratio of 3.30.

Twin River Worldwide (NYSE:TRWH) last released its earnings results on Tuesday, March 3rd. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. Twin River Worldwide had a net margin of 10.53% and a return on equity of 21.26%. The company had revenue of $130.42 million for the quarter, compared to analysts’ expectations of $130.45 million. Sell-side analysts forecast that Twin River Worldwide will post 1.92 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Newtyn Management LLC grew its holdings in Twin River Worldwide by 8.7% during the 4th quarter. Newtyn Management LLC now owns 824,657 shares of the company’s stock valued at $21,152,000 after buying an additional 66,074 shares in the last quarter. AQR Capital Management LLC purchased a new stake in Twin River Worldwide during the 4th quarter valued at approximately $309,000. Bank of America Corp DE grew its holdings in Twin River Worldwide by 1.2% during the 4th quarter. Bank of America Corp DE now owns 916,059 shares of the company’s stock valued at $23,496,000 after buying an additional 11,191 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new stake in Twin River Worldwide during the 4th quarter valued at approximately $660,000. Finally, Bank of New York Mellon Corp grew its holdings in Twin River Worldwide by 129.6% during the 4th quarter. Bank of New York Mellon Corp now owns 172,735 shares of the company’s stock valued at $4,430,000 after buying an additional 97,489 shares in the last quarter. 95.59% of the stock is owned by institutional investors and hedge funds.

Twin River Worldwide Company Profile

There is no company description available for Twin River Worldwide Holdings Inc

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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