Chatham Asset Management, Llc Sells 649,238 Shares of Twin River Worldwide Holdings Inc (NYSE:TRWH) Stock

Twin River Worldwide Holdings Inc (NYSE:TRWH) major shareholder Chatham Asset Management, Llc sold 649,238 shares of the company’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $29.93, for a total value of $19,431,693.34. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Chatham Asset Management, Llc also recently made the following trade(s):

  • On Thursday, July 11th, Chatham Asset Management, Llc sold 529,542 shares of Twin River Worldwide stock. The shares were sold at an average price of $27.95, for a total value of $14,800,698.90.
  • On Tuesday, July 2nd, Chatham Asset Management, Llc sold 213,917 shares of Twin River Worldwide stock. The shares were sold at an average price of $29.30, for a total value of $6,267,768.10.
  • On Monday, June 24th, Chatham Asset Management, Llc sold 438,085 shares of Twin River Worldwide stock. The shares were sold at an average price of $30.55, for a total value of $13,383,496.75.
  • On Tuesday, April 16th, Chatham Asset Management, Llc bought 8,169 shares of Twin River Worldwide stock. The shares were acquired at an average price of $33.15 per share, with a total value of $270,802.35.
  • On Wednesday, April 10th, Chatham Asset Management, Llc bought 26,003 shares of Twin River Worldwide stock. The shares were acquired at an average price of $32.00 per share, with a total value of $832,096.00.
  • On Friday, April 5th, Chatham Asset Management, Llc bought 80,100 shares of Twin River Worldwide stock. The shares were acquired at an average price of $31.14 per share, with a total value of $2,494,314.00.
  • On Monday, April 1st, Chatham Asset Management, Llc bought 77,251 shares of Twin River Worldwide stock. The shares were acquired at an average price of $30.75 per share, with a total value of $2,375,468.25.

Twin River Worldwide stock traded down $0.56 during trading hours on Friday, hitting $27.94. The stock had a trading volume of 376,827 shares, compared to its average volume of 520,907. The company’s 50-day simple moving average is $29.73. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. Twin River Worldwide Holdings Inc has a fifty-two week low of $27.21 and a fifty-two week high of $33.98.

Twin River Worldwide (NYSE:TRWH) last issued its earnings results on Tuesday, May 14th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.06. The company had revenue of $120.63 million during the quarter, compared to analyst estimates of $119.10 million. On average, analysts expect that Twin River Worldwide Holdings Inc will post 1.85 earnings per share for the current fiscal year.

The business also recently announced a special dividend, which will be paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, July 8th.

Several institutional investors and hedge funds have recently modified their holdings of TRWH. Apollo Management Holdings L.P. bought a new stake in shares of Twin River Worldwide in the 1st quarter valued at approximately $55,687,000. Kennedy Capital Management Inc. bought a new stake in shares of Twin River Worldwide in the 1st quarter valued at approximately $3,815,000. Teton Advisors Inc. bought a new stake in shares of Twin River Worldwide in the 1st quarter valued at approximately $1,779,000. Gamco Investors INC. ET AL bought a new stake in shares of Twin River Worldwide in the 1st quarter valued at approximately $500,000. Finally, Gabelli Funds LLC bought a new stake in shares of Twin River Worldwide in the 1st quarter valued at approximately $336,000. 62.73% of the stock is owned by institutional investors and hedge funds.

Several analysts recently weighed in on the company. Zacks Investment Research downgraded Hallmark Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday. Stifel Nicolaus cut Owens Corning from a “buy” rating to a “hold” rating and set a $52.45 price target for the company. in a report on Wednesday, April 24th. Union Gaming Research began coverage on Twin River Worldwide in a report on Thursday, June 20th. They issued a “buy” rating and a $38.00 price target for the company. Finally, SunTrust Banks cut Wageworks from a “buy” rating to a “hold” rating in a report on Friday, June 28th.

Twin River Worldwide Company Profile

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

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