Orvieto Partners L.P. Takes Position in Full House Resorts, Inc. (NASDAQ:FLL)

Orvieto Partners L.P. bought a new position in shares of Full House Resorts, Inc. (NASDAQ:FLL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 680,418 shares of the company's stock, valued at approximately $2,776,000. Full House Resorts accounts for about 2.3% of Orvieto Partners L.P.'s investment portfolio, making the stock its 20th largest position. Orvieto Partners L.P. owned approximately 1.91% of Full House Resorts at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Gamco Investors INC. ET AL boosted its holdings in shares of Full House Resorts by 0.3% during the 4th quarter. Gamco Investors INC. ET AL now owns 617,625 shares of the company's stock worth $2,520,000 after buying an additional 2,000 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Full House Resorts by 22.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,748 shares of the company's stock worth $53,000 after buying an additional 2,340 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Full House Resorts by 23.7% during the 4th quarter. SG Americas Securities LLC now owns 13,372 shares of the company's stock worth $55,000 after buying an additional 2,558 shares in the last quarter. Barclays PLC boosted its holdings in shares of Full House Resorts by 14.2% during the 4th quarter. Barclays PLC now owns 49,374 shares of the company's stock worth $201,000 after buying an additional 6,127 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of Full House Resorts during the 4th quarter worth approximately $26,000. 37.68% of the stock is currently owned by institutional investors.

Full House Resorts Stock Up 4.3 %

NASDAQ:FLL traded up $0.13 during trading hours on Tuesday, hitting $3.23. 68,440 shares of the company traded hands, compared to its average volume of 165,727. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 9.04. The firm's 50-day simple moving average is $3.90 and its 200-day simple moving average is $4.48. Full House Resorts, Inc. has a one year low of $2.86 and a one year high of $5.90. The company has a market cap of $116.35 million, a PE ratio of -2.74 and a beta of 1.67.

Full House Resorts (NASDAQ:FLL - Get Free Report) last issued 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). Full House Resorts had a negative net margin of 14.64% and a negative return on equity of 66.86%. The company had revenue of $72.96 million for the quarter, compared to the consensus estimate of $73.05 million.

Analysts Set New Price Targets

FLL has been the topic of a number of recent research reports. JMP Securities reiterated a "market outperform" rating and issued a $6.00 target price on shares of Full House Resorts in a report on Monday, January 27th. Citigroup reiterated an "outperform" rating on shares of Full House Resorts in a report on Friday, March 7th. UBS Group set a $5.00 target price on Full House Resorts in a report on Friday, March 7th. Finally, StockNews.com upgraded Full House Resorts from a "sell" rating to a "hold" rating in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Full House Resorts presently has an average rating of "Buy" and an average target price of $6.33.

About Full House Resorts

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.