Empire Resorts (NASDAQ:NYNY) Raised to Hold at BidaskClub

BidaskClub upgraded shares of Empire Resorts (NASDAQ:NYNY) from a sell rating to a hold rating in a research report report published on Tuesday, BidAskClub reports.

NASDAQ NYNY opened at $9.98 on Tuesday. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.36 and a current ratio of 0.37. The firm’s 50 day moving average is $10.89. Empire Resorts has a 1-year low of $6.31 and a 1-year high of $20.25.

Empire Resorts (NASDAQ:NYNY) last posted its earnings results on Wednesday, May 8th. The company reported ($1.09) earnings per share (EPS) for the quarter. Empire Resorts had a negative net margin of 68.57% and a negative return on equity of 74.60%. The firm had revenue of $57.61 million during the quarter.

Several hedge funds have recently made changes to their positions in NYNY. BlackRock Inc. raised its holdings in shares of Empire Resorts by 1.1% in the 4th quarter. BlackRock Inc. now owns 289,765 shares of the company’s stock valued at $2,936,000 after purchasing an additional 3,047 shares during the period. Bank of New York Mellon Corp raised its holdings in Empire Resorts by 39.6% in the 4th quarter. Bank of New York Mellon Corp now owns 16,073 shares of the company’s stock valued at $163,000 after acquiring an additional 4,557 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Empire Resorts by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 55,670 shares of the company’s stock valued at $563,000 after acquiring an additional 997 shares during the period. 1.91% of the stock is owned by institutional investors.

About Empire Resorts

Empire Resorts, Inc engages in hospitality and gaming businesses in New York. The company owns and operates Monticello Casino and Raceway, a video gaming machine (VGM) and harness horseracing facility in Monticello that operates 1,110 VGMs, including 1,090 video lottery terminals and 20 electronic table game positions; Resorts World Catskills, a casino resort located in Sullivan County, New York; The Alder, a 101-room modern lifestyle hotel; and Amenities, a Casino with 332 guest rooms and suites.

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