Empire Resorts (NYNY) Lifted to “Hold” at BidaskClub

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

Empire Resorts stock opened at $12.18 on Tuesday. Empire Resorts has a 12 month low of $6.31 and a 12 month high of $24.10. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.44 and a current ratio of 0.45.

In related news, insider Emanuel R. Pearlman sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 22nd. The stock was sold at an average price of $13.74, for a total value of $27,480.00. Following the transaction, the insider now owns 125,722 shares in the company, valued at $1,727,420.28. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last quarter, insiders sold 7,000 shares of company stock worth $90,420. 1.50% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in Empire Resorts by 1.1% in 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 last quarter. Geode Capital Management LLC lifted its stake in Empire Resorts by 1.8% in 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 last quarter. Vanguard Group Inc lifted its stake in Empire Resorts by 2.8% in the third quarter. Vanguard Group Inc now owns 54,925 shares of the company’s stock valued at $510,000 after purchasing an additional 1,515 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Empire Resorts by 39.6% in 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 last quarter. Finally, IFP Advisors Inc purchased a new position in Empire Resorts in the fourth quarter valued at approximately $82,000. Institutional investors and hedge funds own 1.82% of the company’s stock.

Empire Resorts Company Profile

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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