Insider Selling: Twin River Worldwide Holdings Inc (NYSE:TRWH) Major Shareholder Sells $13,383,496.75 in Stock

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Twin River Worldwide Holdings Inc (NYSE:TRWH) major shareholder Chatham Asset Management, Llc sold 438,085 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $30.55, for a total value of $13,383,496.75. The transaction was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Tuesday, April 16th, Chatham Asset Management, Llc bought 8,169 shares of Twin River Worldwide stock. The shares were purchased 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 purchased 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 purchased 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 purchased at an average price of $30.75 per share, with a total value of $2,375,468.25.

NYSE TRWH opened at $30.21 on Thursday. 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 one year low of $27.90 and a one year high of $33.98. The firm’s 50 day moving average price is $30.62.

Twin River Worldwide (NYSE:TRWH) last posted its earnings results on Tuesday, May 14th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. The firm had revenue of $120.63 million for the quarter, compared to the consensus estimate of $119.10 million. On average, sell-side analysts expect that Twin River Worldwide Holdings Inc will post 1.89 EPS for the current year.

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

A number of research analysts have recently commented on the company. Zacks Investment Research downgraded Twin River Worldwide from a “hold” rating to a “sell” rating in a research report on Wednesday. Union Gaming Research assumed coverage on Twin River Worldwide in a research report on Thursday, June 20th. They set a “buy” rating and a $38.00 target price for the company. Finally, Stifel Nicolaus assumed coverage on Twin River Worldwide in a research report on Wednesday, April 24th. They set a “buy” rating and a $43.00 target price for the company.

Institutional investors and hedge funds have recently modified their holdings of the stock. Gabelli Funds LLC bought a new stake in Twin River Worldwide in the first quarter worth $336,000. Gamco Investors INC. ET AL bought a new stake in Twin River Worldwide in the first quarter worth $500,000. Teton Advisors Inc. bought a new stake in Twin River Worldwide in the first quarter worth $1,779,000. Kennedy Capital Management Inc. bought a new stake in Twin River Worldwide in the first quarter worth $3,815,000. Finally, Apollo Management Holdings L.P. bought a new stake in Twin River Worldwide in the first quarter worth $55,687,000. Institutional investors own 62.73% of the company’s stock.

Twin River Worldwide Company Profile

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

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