Full House Resorts (NASDAQ:FLL) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Full House Resorts (NASDAQ:FLL) from a sell rating to a hold rating in a research report released on Wednesday morning.

FLL has been the subject of several other reports. JMP Securities restated a “market outperform” rating and set a $6.00 price objective on shares of Full House Resorts in a research report on Monday, January 27th. UBS Group set a $5.00 price target on Full House Resorts in a report on Friday, March 7th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Full House Resorts in a research note on Friday, March 7th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $6.33.

Full House Resorts Stock Performance

FLL opened at $4.15 on Wednesday. The company has a debt-to-equity ratio of 9.04, a quick ratio of 0.83 and a current ratio of 0.87. Full House Resorts has a 52-week low of $3.77 and a 52-week high of $5.94. The firm has a market cap of $148.89 million, a P/E ratio of -3.52 and a beta of 1.98. The business’s fifty day moving average is $4.82 and its 200-day moving average is $4.78.

Full House Resorts (NASDAQ:FLL) last announced its quarterly earnings data on Thursday, March 6th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.12). The firm had revenue of $72.96 million for the quarter, compared to analyst estimates of $73.05 million. Full House Resorts had a negative return on equity of 66.86% and a negative net margin of 14.64%.

Insider Activity at Full House Resorts

In other news, CFO Lewis A. Fanger sold 104,992 shares of Full House Resorts stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $4.62, for a total transaction of $485,063.04. Following the sale, the chief financial officer now directly owns 254,658 shares of the company’s stock, valued at approximately $1,176,519.96. This trade represents a 29.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 113,805 shares of company stock valued at $529,138 in the last 90 days. 12.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Private Management Group Inc. increased its position in Full House Resorts by 182.0% in the 4th quarter. Private Management Group Inc. now owns 1,661,159 shares of the company’s stock valued at $6,778,000 after acquiring an additional 1,072,140 shares during the period. Catawba River Capital increased its holdings in Full House Resorts by 14.1% in the fourth quarter. Catawba River Capital now owns 1,563,124 shares of the company’s stock valued at $6,378,000 after purchasing an additional 193,067 shares during the period. Rangeley Capital LLC bought a new position in Full House Resorts during the 4th quarter worth $3,215,000. CastleKnight Management LP raised its position in Full House Resorts by 0.6% during the 4th quarter. CastleKnight Management LP now owns 745,938 shares of the company’s stock worth $3,043,000 after purchasing an additional 4,300 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Full House Resorts by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 738,560 shares of the company’s stock valued at $3,709,000 after buying an additional 11,747 shares during the last quarter. Institutional investors own 37.68% of the company’s stock.

About Full House Resorts

Full House Resorts, Inc owns, leases, operates, develops, manages, and invests in casinos, and related hospitality and entertainment facilities in the United States. It operates through Midwest & South, West, and Contracted Sports Wagering segments. The company's properties include American Place in Waukegan, Illinois; Silver Slipper Casino and Hotel in Hancock County, Mississippi; Rising Star Casino Resort in Rising Sun, Indiana; Bronco Billy's Casino and Chamonix Casino Hotel in Cripple Creek, Colorado; Stockman's Casino in Fallon, Nevada; and Grand Lodge Casino, located within the Hyatt Regency Lake Tahoe Resort, Spa and Casino in Incline Village, Nevada.