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

StockNews.com upgraded shares of Full House Resorts (NASDAQ:FLL - Free Report) from a sell rating to a hold rating in a research report report published on Wednesday.

Several other equities analysts have also weighed in on FLL. Citigroup reiterated an "outperform" rating on shares of Full House Resorts in a report on Friday, March 7th. UBS Group set a $5.00 price target on shares of Full House Resorts in a research report on Friday, March 7th. Finally, JMP Securities reissued 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 investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Full House Resorts presently has an average rating of "Buy" and an average price target of $6.33.

Full House Resorts Trading Up 2.9 %

FLL traded up $0.12 during trading on Wednesday, hitting $4.28. The company's stock had a trading volume of 317,447 shares, compared to its average volume of 121,363. The firm has a market capitalization of $153.55 million, a P/E ratio of -3.63 and a beta of 1.98. Full House Resorts has a twelve month low of $3.77 and a twelve month high of $5.94. The stock's fifty day moving average price is $4.81 and its 200-day moving average price is $4.77. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 9.04.

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Full House Resorts (NASDAQ:FLL - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.12). The company had revenue of $72.96 million during the quarter, compared to the consensus estimate of $73.05 million. Full House Resorts had a negative net margin of 14.64% and a negative return on equity of 66.86%.

Insider Activity at Full House Resorts

In related news, CFO Lewis A. Fanger sold 104,992 shares of the company's stock in a transaction that occurred on 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 in the company, valued at approximately $1,176,519.96. This represents a 29.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 113,805 shares of company stock valued at $529,138 over the last ninety days. Corporate insiders own 12.70% of the company's stock.

Institutional Investors Weigh In On Full House Resorts

Several large investors have recently added to or reduced their stakes in the company. Jefferies Financial Group Inc. increased its holdings in Full House Resorts by 3.0% during the 4th quarter. Jefferies Financial Group Inc. now owns 106,305 shares of the company's stock worth $434,000 after acquiring an additional 3,108 shares during the period. Squarepoint Ops LLC purchased a new stake in Full House Resorts during the 4th quarter valued at about $46,000. CastleKnight Management LP grew its holdings in shares of Full House Resorts by 0.6% in the fourth quarter. CastleKnight Management LP now owns 745,938 shares of the company's stock worth $3,043,000 after purchasing an additional 4,300 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Full House Resorts by 38.6% in the fourth quarter. Bank of America Corp DE now owns 38,495 shares of the company's stock worth $157,000 after buying an additional 10,723 shares during the period. Finally, 1060 Capital LLC raised its holdings in Full House Resorts by 17.7% during the 4th quarter. 1060 Capital LLC now owns 565,000 shares of the company's stock valued at $2,305,000 after buying an additional 85,000 shares during the last quarter. Hedge funds and other institutional investors own 37.68% of the company's stock.

Full House Resorts Company Profile

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.