BidaskClub lowered shares of Empire Resorts (NASDAQ:NYNY) from a hold rating to a sell rating in a report released on Monday morning, BidAskClub reports.

Shares of NASDAQ NYNY opened at $10.05 on Monday. The firm’s 50 day moving average price is $10.56. The company has a quick ratio of 0.36, a current ratio of 0.37 and a debt-to-equity ratio of 2.75. Empire Resorts has a 52-week low of $6.31 and a 52-week high of $19.00.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its holdings in Empire Resorts by 1.1% during the fourth 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 grew its holdings in Empire Resorts by 39.6% during the fourth quarter. Bank of New York Mellon Corp now owns 16,073 shares of the company’s stock valued at $163,000 after purchasing an additional 4,557 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Empire Resorts by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 55,670 shares of the company’s stock valued at $563,000 after purchasing an additional 997 shares during the period. Hedge funds and other institutional investors own 1.91% of the company’s stock.

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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