Full House Resorts (NASDAQ:FLL) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Full House Resorts (NASDAQ:FLL) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Full House Resorts in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $4.00.

Full House Resorts Stock Down 4.4%

Shares of NASDAQ:FLL opened at $2.40 on Friday. The firm has a market capitalization of $87.02 million, a P/E ratio of -2.24 and a beta of 1.20. The company has a debt-to-equity ratio of 187.23, a quick ratio of 0.57 and a current ratio of 0.60. The stock has a 50 day moving average price of $2.72 and a 200-day moving average price of $2.54. Full House Resorts has a 52-week low of $2.02 and a 52-week high of $4.95.

Full House Resorts (NASDAQ:FLL) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.01. The company had revenue of $74.42 million for the quarter, compared to analyst estimates of $77.22 million. Full House Resorts had a negative return on equity of 473.31% and a negative net margin of 12.79%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Quadrature Capital Ltd bought a new stake in Full House Resorts in the 4th quarter worth about $89,000. HRT Financial LP bought a new position in Full House Resorts during the 4th quarter valued at about $27,000. Bank of America Corp DE lifted its stake in Full House Resorts by 67.1% during the 3rd quarter. Bank of America Corp DE now owns 40,273 shares of the company’s stock valued at $129,000 after acquiring an additional 16,168 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Full House Resorts by 570.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 15,708 shares of the company’s stock valued at $57,000 after acquiring an additional 13,366 shares during the last quarter. Finally, Brevan Howard Capital Management LP purchased a new stake in shares of Full House Resorts during the 2nd quarter valued at about $231,000. 37.68% of the stock is owned by institutional investors.

About Full House Resorts

Full House Resorts, Inc (NASDAQ: FLL) is a gaming, lodging and entertainment company headquartered in Summerfield, Nevada. Founded in 1987, the company designs, develops and operates casino resorts and ancillary hospitality facilities in multiple U.S. markets. Its business model emphasizes regional gaming properties that combine slot machines, table games, hotel accommodations and live entertainment to serve a broad customer base.

The company’s property portfolio spans five states, including Bronco Billy’s Casino & Hotel and Grand Lodge Casino in Black Hawk, Colorado; Silver Slipper Casino Hotel and Harlow’s Casino Resort in Mississippi; Running Aces Harness Park & Casino in Minnesota; Rising Star Casino Resort in Indiana; and Stockman’s Casino in Nevada.