StockNews.com Upgrades Full House Resorts (NASDAQ:FLL) to “Hold”

Full House Resorts (NASDAQ:FLL) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

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

Full House Resorts Stock Performance

Full House Resorts stock traded up $0.15 during midday trading on Wednesday, reaching $4.15. The stock had a trading volume of 104,540 shares, compared to its average volume of 121,603. Full House Resorts has a 12 month low of $3.77 and a 12 month high of $5.94. The firm’s 50-day moving average price is $4.82 and its 200 day moving average price is $4.78. The firm has a market capitalization of $148.89 million, a PE ratio of -3.52 and a beta of 1.98. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 9.04.

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

Insiders Place Their Bets

In other news, CFO Lewis A. Fanger sold 104,992 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $4.62, for a total value of $485,063.04. Following the transaction, the chief financial officer now owns 254,658 shares of the company’s stock, valued at $1,176,519.96. This trade represents a 29.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have sold 113,805 shares of company stock valued at $529,138. Insiders own 12.70% of the company’s stock.

Institutional Trading of Full House Resorts

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. R Squared Ltd bought a new stake in Full House Resorts during the 4th quarter valued at approximately $26,000. Bfsg LLC increased its stake in Full House Resorts by 156.7% in the 4th quarter. Bfsg LLC now owns 11,090 shares of the company’s stock worth $45,000 after acquiring an additional 6,770 shares during the last quarter. Squarepoint Ops LLC bought a new stake in Full House Resorts in the 4th quarter worth approximately $46,000. XTX Topco Ltd bought a new stake in Full House Resorts in the 4th quarter worth approximately $49,000. Finally, Price T Rowe Associates Inc. MD increased its stake in Full House Resorts by 22.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,748 shares of the company’s stock worth $53,000 after acquiring an additional 2,340 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.