Full House Resorts (NASDAQ:FLL) Raised 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 note published on Wednesday morning.

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

Full House Resorts Price Performance

FLL stock opened at $4.15 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 9.04. The firm has a market cap of $148.89 million, a price-to-earnings ratio of -3.52 and a beta of 1.98. The company’s fifty day simple moving average is $4.82 and its 200 day simple moving average is $4.78. Full House Resorts has a 12-month low of $3.77 and a 12-month high of $5.94.

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). Full House Resorts had a negative net margin of 14.64% and a negative return on equity of 66.86%. The business had revenue of $72.96 million during the quarter, compared to analyst estimates of $73.05 million.

Insiders Place Their Bets

In other Full House Resorts 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 completion of the transaction, the chief financial officer now owns 254,658 shares in the company, valued at approximately $1,176,519.96. The trade was a 29.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders have sold 113,805 shares of company stock worth $529,138. Insiders own 12.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. R Squared Ltd purchased a new position in Full House Resorts during the fourth quarter worth about $26,000. Bfsg LLC lifted its position in shares of Full House Resorts by 156.7% during the 4th quarter. Bfsg LLC now owns 11,090 shares of the company’s stock worth $45,000 after buying an additional 6,770 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of Full House Resorts in the 4th quarter worth approximately $46,000. XTX Topco Ltd bought a new position in shares of Full House Resorts in the fourth quarter valued at approximately $49,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of 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 valued at $53,000 after acquiring an additional 2,340 shares during the last quarter. Hedge funds and other 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.