Full House Resorts (NASDAQ:FLL) Lifted to Buy at StockNews.com

Full House Resorts (NASDAQ:FLL – Get Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

NASDAQ:FLL traded down $0.02 on Tuesday, hitting $9.48. 152,436 shares of the company’s stock were exchanged, compared to its average volume of 248,146. The firm has a 50-day moving average price of $9.20 and a 200-day moving average price of $10.03. The company has a debt-to-equity ratio of 2.70, a current ratio of 7.24 and a quick ratio of 7.19. Full House Resorts has a 52 week low of $7.40 and a 52 week high of $12.57. The company has a market cap of $324.62 million, a P/E ratio of 32.69 and a beta of 2.01.

Full House Resorts (NASDAQ:FLL – Get Rating) last released its quarterly earnings results on Tuesday, March 8th. The company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. Full House Resorts had a net margin of 6.50% and a return on equity of 11.18%. The firm had revenue of $43.27 million for the quarter, compared to analysts’ expectations of $43.30 million. During the same period in the prior year, the firm earned $0.12 EPS. On average, research analysts expect that Full House Resorts will post 0.32 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. US Bancorp DE acquired a new position in shares of Full House Resorts during the third quarter valued at about $25,000. Royal Bank of Canada raised its position in shares of Full House Resorts by 55.0% in the third quarter. Royal Bank of Canada now owns 3,473 shares of the company’s stock valued at $37,000 after purchasing an additional 1,233 shares during the period. Bank of America Corp DE increased its holdings in Full House Resorts by 6,157.0% during the 2nd quarter. Bank of America Corp DE now owns 6,257 shares of the company’s stock worth $62,000 after acquiring an additional 6,157 shares during the period. BNP Paribas Arbitrage SA increased its holdings in Full House Resorts by 492.9% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 7,471 shares of the company’s stock worth $79,000 after acquiring an additional 6,211 shares during the period. Finally, Dorsey Wright & Associates increased its holdings in Full House Resorts by 15.7% during the 4th quarter. Dorsey Wright & Associates now owns 9,440 shares of the company’s stock worth $114,000 after acquiring an additional 1,280 shares during the period. 59.27% of the stock is owned by institutional investors and hedge funds.

About Full House Resorts (Get Rating)

Full House Resorts, Inc owns, develops, invests in, operates, manages, and leases casinos, and related hospitality and entertainment facilities in the United States. The company owns and operates the Silver Slipper Casino and Hotel in Hancock County, Mississippi, which has 757 slot machines and 24 table games, a surface parking lot, and a 129 hotel rooms; an on-site sportsbook, a fine-dining restaurant, a buffet, and a quick-service restaurant, as well as an oyster bar, a casino bar, and a beachfront bar; and 37-space beachfront RV park.

Featured Stories