SunTrust Banks Lowers Twin River Worldwide (NYSE:TRWH) Price Target to $24.00

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Twin River Worldwide (NYSE:TRWH) had its price target lowered by SunTrust Banks to $24.00 in a research note published on Tuesday morning, The Fly reports. The brokerage currently has a hold rating on the stock. SunTrust Banks also issued estimates for Twin River Worldwide’s Q4 2019 earnings at $0.34 EPS, FY2019 earnings at $1.86 EPS, FY2020 earnings at $1.90 EPS and FY2021 earnings at $2.25 EPS.

A number of other equities analysts have also commented on the stock. Union Gaming Research initiated coverage on shares of Twin River Worldwide in a research report on Thursday, June 20th. They set a buy rating and a $38.00 price target on the stock. Zacks Investment Research raised shares of Twin River Worldwide from a strong sell rating to a hold rating in a research report on Thursday, July 18th. Finally, Stifel Nicolaus initiated coverage on shares of Twin River Worldwide in a research report on Wednesday, April 24th. They set a buy rating and a $43.00 price target on the stock.

Shares of TRWH opened at $21.46 on Tuesday. The company has a 50-day moving average of $26.85. Twin River Worldwide has a fifty-two week low of $20.35 and a fifty-two week high of $33.98. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.88 and a current ratio of 4.46.

Twin River Worldwide (NYSE:TRWH) last issued its quarterly earnings data on Monday, August 12th. The company reported $0.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). The firm had revenue of $143.22 million for the quarter, compared to the consensus estimate of $157.45 million. Equities research analysts anticipate that Twin River Worldwide will post 1.84 EPS for the current fiscal year.

The firm also recently declared a special dividend, which was paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th were given a dividend of $0.10 per share. The ex-dividend date was Monday, July 8th.

In related news, major shareholder Chatham Asset Management, Llc sold 529,542 shares of the firm’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $27.95, for a total transaction of $14,800,698.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last ninety days, insiders have sold 1,830,782 shares of company stock worth $53,883,657. 35.00% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in TRWH. Gabelli Funds LLC bought a new position in Twin River Worldwide in the 1st quarter valued at about $336,000. Gamco Investors INC. ET AL bought a new position in Twin River Worldwide in the 1st quarter valued at about $500,000. Teton Advisors Inc. bought a new position in Twin River Worldwide in the 1st quarter valued at about $1,779,000. Kennedy Capital Management Inc. bought a new position in Twin River Worldwide in the 1st quarter valued at about $3,815,000. Finally, Apollo Management Holdings L.P. bought a new position in Twin River Worldwide in the 1st quarter valued at about $55,687,000. 63.08% of the stock is currently owned by hedge funds and other institutional investors.

About Twin River Worldwide

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

See Also: Buyback For Investors Defined

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