Weiss Ratings Reiterates Sell (E+) Rating for Full House Resorts (NASDAQ:FLL)

Key Points

• Weiss Ratings has reiterated a "sell (E+)" rating for Full House Resorts (NASDAQ:FLL), indicating continued negative sentiment regarding the stock's performance.
• Full House Resorts reported earnings of ($0.29) per share, missing analysts' expectations, and had a revenue of $73.95 million for the quarter, below the anticipated $80.47 million.
• Institutional investors have been active, with notable increases in holdings by firms like R Squared Ltd, which grew its investment in Full House Resorts by 69.3% in the first quarter.

Full House Resorts (NASDAQ:FLL - Get Free Report)'s stock had its "sell (e+)" rating reiterated by investment analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other equities research analysts have also issued reports on the stock. JMP Securities upped their target price on shares of Full House Resorts from $4.00 to $5.00 and gave the company a "market outperform" rating in a research note on Friday, July 18th. Macquarie restated a "neutral" rating and issued a $4.00 target price on shares of Full House Resorts in a research note on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $5.50.

Full House Resorts Stock Performance

NASDAQ:FLL opened at $2.76 on Wednesday. The company has a debt-to-equity ratio of 22.08, a current ratio of 0.63 and a quick ratio of 0.60. The firm has a 50-day moving average of $3.55 and a two-hundred day moving average of $3.63. The stock has a market cap of $99.67 million, a P/E ratio of -2.40 and a beta of 1.54. Full House Resorts has a 1-year low of $2.70 and a 1-year high of $5.59.

Full House Resorts (NASDAQ:FLL - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.29) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.09). The firm had revenue of $73.95 million during the quarter, compared to analysts' expectations of $80.47 million. Full House Resorts had a negative net margin of 13.75% and a negative return on equity of 118.79%.

Insider Buying and Selling at Full House Resorts

In other news, Director Eric J. Green bought 10,000 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was purchased at an average price of $3.54 per share, for a total transaction of $35,400.00. Following the transaction, the director owned 233,959 shares in the company, valued at approximately $828,214.86. This trade represents a 4.47% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 9.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Full House Resorts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its holdings in Full House Resorts by 6.0% in the 1st quarter. Bank of New York Mellon Corp now owns 74,322 shares of the company's stock worth $311,000 after buying an additional 4,187 shares in the last quarter. R Squared Ltd grew its holdings in Full House Resorts by 69.3% in the 1st quarter. R Squared Ltd now owns 10,748 shares of the company's stock worth $45,000 after buying an additional 4,398 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Full House Resorts by 7.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 95,366 shares of the company's stock worth $399,000 after buying an additional 7,013 shares in the last quarter. KG&L Capital Management LLC grew its holdings in Full House Resorts by 87.0% in the 2nd quarter. KG&L Capital Management LLC now owns 21,500 shares of the company's stock worth $79,000 after buying an additional 10,000 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in Full House Resorts by 38.6% in the 4th 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 in the last quarter. 37.68% of the stock is owned by institutional investors.

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.

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