Empire Resorts (NYNY) Upgraded to “Hold” by BidaskClub

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

NASDAQ:NYNY opened at $12.18 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 0.45 and a debt-to-equity ratio of 2.49. Empire Resorts has a 52-week low of $6.31 and a 52-week high of $24.10.

In related news, insider Emanuel R. Pearlman sold 2,000 shares of the stock in a transaction dated Tuesday, January 22nd. The stock was sold at an average price of $13.74, for a total transaction of $27,480.00. Following the completion of the transaction, the insider now directly owns 125,722 shares in the company, valued at $1,727,420.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 7,000 shares of company stock valued at $90,420. 1.50% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. IFP Advisors Inc acquired a new stake in shares of Empire Resorts in the fourth quarter valued at approximately $82,000. Vanguard Group Inc increased its holdings in Empire Resorts by 2.8% during the 3rd quarter. Vanguard Group Inc now owns 54,925 shares of the company’s stock worth $510,000 after purchasing an additional 1,515 shares in the last quarter. Geode Capital Management LLC increased its holdings in Empire Resorts by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 55,670 shares of the company’s stock worth $563,000 after purchasing an additional 997 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Empire Resorts by 39.6% during the 4th quarter. Bank of New York Mellon Corp now owns 16,073 shares of the company’s stock worth $163,000 after purchasing an additional 4,557 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in Empire Resorts by 1.1% during the 4th quarter. BlackRock Inc. now owns 289,765 shares of the company’s stock worth $2,936,000 after purchasing an additional 3,047 shares in the last quarter. 1.82% of the stock is owned by hedge funds and other institutional investors.

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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