Twin River Worldwide Holdings Inc (NYSE:TRWH) Sees Large Decline in Short Interest

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Twin River Worldwide Holdings Inc (NYSE:TRWH) was the recipient of a significant decline in short interest during the month of November. As of November 29th, there was short interest totalling 1,150,000 shares, a decline of 20.7% from the November 14th total of 1,450,000 shares. Based on an average trading volume of 208,200 shares, the short-interest ratio is presently 5.5 days. Approximately 3.7% of the shares of the company are sold short.

A number of brokerages recently weighed in on TRWH. Cowen began coverage on shares of Twin River Worldwide in a research report on Thursday, October 10th. They issued a “market perform” rating and a $24.00 price target for the company. Zacks Investment Research cut shares of Twin River Worldwide from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $31.40.

TRWH traded up $0.49 on Friday, reaching $25.20. The company had a trading volume of 267,431 shares, compared to its average volume of 313,231. Twin River Worldwide has a 1 year low of $20.35 and a 1 year high of $33.98. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.99 and a quick ratio of 2.91. The stock has a 50-day moving average price of $24.12 and a 200-day moving average price of $25.42.

Twin River Worldwide (NYSE:TRWH) last announced its quarterly earnings results on Thursday, November 14th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.10). Twin River Worldwide had a net margin of 12.66% and a return on equity of 22.17%. The company had revenue of $129.31 million during the quarter, compared to analysts’ expectations of $128.55 million. As a group, sell-side analysts anticipate that Twin River Worldwide will post 1.62 EPS for the current year.

Several large investors have recently made changes to their positions in the company. Metropolitan Life Insurance Co NY purchased a new stake in shares of Twin River Worldwide in the third quarter valued at about $161,000. Millennium Management LLC purchased a new stake in shares of Twin River Worldwide in the third quarter valued at about $201,000. State Street Corp raised its holdings in shares of Twin River Worldwide by 17.2% in the third quarter. State Street Corp now owns 379,687 shares of the company’s stock valued at $8,668,000 after buying an additional 55,595 shares during the last quarter. Gamco Investors INC. ET AL raised its holdings in shares of Twin River Worldwide by 10.4% in the third quarter. Gamco Investors INC. ET AL now owns 36,010 shares of the company’s stock valued at $822,000 after buying an additional 3,397 shares during the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of Twin River Worldwide by 39.1% in the third quarter. California Public Employees Retirement System now owns 10,608 shares of the company’s stock valued at $242,000 after buying an additional 2,982 shares during the last quarter. 96.42% of the stock is owned by institutional investors and hedge funds.

About Twin River Worldwide

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

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