Full House Resorts (NASDAQ:FLL) Rating Lowered to Sell at Wall Street Zen

Full House Resorts (NASDAQ:FLL) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday, Wall Street Zen reports.

Several other brokerages also recently commented on FLL. Weiss Ratings raised Full House Resorts from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, October 2nd. Texas Capital downgraded shares of Full House Resorts from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 2nd. Citigroup reissued a “market outperform” rating on shares of Full House Resorts in a research note on Friday, August 7th. Finally, Citizens Jmp dropped their price target on shares of Full House Resorts from $3.00 to $2.00 and set a “market outperform” rating on the stock in a research note on Friday. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Full House Resorts currently has an average rating of “Hold” and an average price target of $3.00.

Full House Resorts Price Performance

Shares of FLL opened at $0.62 on Friday. The company’s 50 day simple moving average is $1.41 and its 200 day simple moving average is $2.21. Full House Resorts has a 1 year low of $0.58 and a 1 year high of $3.37.

Full House Resorts (NASDAQ:FLL) last released its earnings results on Thursday, November 5th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.07). Full House Resorts had a negative return on equity of 473.31% and a negative net margin of 12.06%. The firm had revenue of $81.78 million for the quarter, compared to analyst estimates of $81.90 million.

Hedge Funds Weigh In On Full House Resorts

Institutional investors have recently modified their holdings of the stock. Private Management Group Inc. raised its stake in Full House Resorts by 2.4% during the third quarter. Private Management Group Inc. now owns 1,786,253 shares of the company’s stock worth $2,536,000 after purchasing an additional 42,412 shares during the period. Rangeley Capital LLC boosted its position in shares of Full House Resorts by 2.2% during the 1st quarter. Rangeley Capital LLC now owns 915,578 shares of the company’s stock valued at $2,060,000 after purchasing an additional 19,578 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Full House Resorts during the 2nd quarter worth about $1,814,000. Orvieto Partners L.P. increased its holdings in shares of Full House Resorts by 40.9% during the first quarter. Orvieto Partners L.P. now owns 714,897 shares of the company’s stock worth $1,609,000 after buying an additional 207,420 shares in the last quarter. Finally, Simplify Asset Management Inc. increased its stake in Full House Resorts by 53.0% in the third quarter. Simplify Asset Management Inc. now owns 607,500 shares of the company’s stock valued at $863,000 after purchasing an additional 210,500 shares in the last quarter. 37.68% of the stock is owned by hedge funds and other institutional investors.

About Full House Resorts

Full House Resorts, Inc (NASDAQ:FLL) is a regional gaming and hospitality company that owns, operates, and manages casinos and related entertainment properties in the United States. Its properties typically offer casino gaming, hotel accommodations, restaurants, bars, live entertainment, and other amenities designed to serve local and destination visitors.

The company’s portfolio includes Chamonix Casino Hotel and Bronco Billy’s Casino in Cripple Creek, Colorado; Silver Slipper Casino Hotel in Bay St.