Full House Resorts (NASDAQ:FLL) Stock Bumped Down to Sell by Wall Street Zen

Full House Resorts (NASDAQ:FLL) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Other research analysts have also issued reports about the company. Citizens Jmp dropped their price target on Full House Resorts from $3.00 to $2.00 and set a “market outperform” rating on the stock in a research report on Friday. Citigroup reiterated a “market outperform” rating on shares of Full House Resorts in a research note on Friday, August 7th. Texas Capital downgraded shares of Full House Resorts from a “strong-buy” rating to a “hold” rating in a report on Monday, November 2nd. Finally, Weiss Ratings raised Full House Resorts from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, October 2nd. Three investment 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. Based on data from MarketBeat.com, Full House Resorts presently has an average rating of “Hold” and an average price target of $3.00.

Full House Resorts Price Performance

NASDAQ:FLL opened at $0.62 on Friday. Full House Resorts has a one year low of $0.58 and a one year high of $3.37. The company’s 50-day simple moving average is $1.41 and its 200 day simple moving average is $2.21.

Full House Resorts (NASDAQ:FLL) last issued its quarterly earnings results on Thursday, November 5th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.07). Full House Resorts had a negative return on equity of 473.31% and a negative net margin of 12.06%. The business had revenue of $81.78 million for the quarter, compared to analysts’ expectations of $81.90 million.

Hedge Funds Weigh In On Full House Resorts

Hedge funds have recently modified their holdings of the stock. Private Management Group Inc. grew its holdings in shares of Full House Resorts by 2.4% in the 3rd quarter. Private Management Group Inc. now owns 1,786,253 shares of the company’s stock worth $2,536,000 after purchasing an additional 42,412 shares during the last quarter. Rangeley Capital LLC lifted its stake in Full House Resorts by 2.2% during the 1st quarter. Rangeley Capital LLC now owns 915,578 shares of the company’s stock valued at $2,060,000 after acquiring an additional 19,578 shares in the last quarter. Orvieto Partners L.P. lifted its position in shares of Full House Resorts by 40.9% during the 1st quarter. Orvieto Partners L.P. now owns 714,897 shares of the company’s stock valued at $1,609,000 after buying an additional 207,420 shares during the last quarter. BlackRock Inc. bought a new position in shares of Full House Resorts in the second quarter worth approximately $1,814,000. Finally, Simplify Asset Management Inc. increased its stake in shares of Full House Resorts by 53.0% in the third quarter. Simplify Asset Management Inc. now owns 607,500 shares of the company’s stock worth $863,000 after buying an additional 210,500 shares during the period. 37.68% of the stock is owned by institutional investors and hedge funds.

Full House Resorts Company Profile

Full House Resorts, Inc (NASDAQ:FLL) is a regional gaming and hospitality company that owns, operates, and manages casinos and related entertainment properties in the United States. Its properties typically offer casino gaming, hotel accommodations, restaurants, bars, live entertainment, and other amenities designed to serve local and destination visitors.

The company’s portfolio includes Chamonix Casino Hotel and Bronco Billy’s Casino in Cripple Creek, Colorado; Silver Slipper Casino Hotel in Bay St.