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

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

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

Full House Resorts Stock Up 0.2 %

NASDAQ:FLL opened at $4.16 on Wednesday. The firm’s 50 day simple moving average is $4.81 and its 200 day simple moving average is $4.78. The company has a debt-to-equity ratio of 9.04, a current ratio of 0.87 and a quick ratio of 0.83. Full House Resorts has a one year low of $3.77 and a one year high of $5.94. The company has a market cap of $149.24 million, a PE ratio of -3.53 and a beta of 1.98.

Full House Resorts (NASDAQ:FLL) last posted its earnings results 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 analyst estimates of $73.05 million.

Insider Buying and Selling

In related news, CFO Lewis A. Fanger sold 104,992 shares of the stock in a transaction on Friday, January 24th. The shares were sold at an average price of $4.62, for a total transaction of $485,063.04. Following the transaction, the chief financial officer now directly owns 254,658 shares of the company’s stock, valued at $1,176,519.96. This represents a 29.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 113,805 shares of company stock valued at $529,138 over the last ninety days. 12.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FLL. R Squared Ltd acquired a new position in Full House Resorts during the fourth quarter worth $26,000. Bfsg LLC raised its holdings in Full House Resorts by 156.7% during the fourth quarter. Bfsg LLC now owns 11,090 shares of the company’s stock worth $45,000 after buying an additional 6,770 shares during the last quarter. Squarepoint Ops LLC acquired a new position in Full House Resorts during the fourth quarter worth $46,000. XTX Topco Ltd acquired a new position in Full House Resorts during the fourth quarter worth $49,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in Full House Resorts by 22.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,748 shares of the company’s stock worth $53,000 after buying an additional 2,340 shares during the last quarter. Institutional investors and hedge funds 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.