Empire Resorts (NASDAQ:NYNY) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

Separately, ValuEngine raised shares of Empire Resorts from a “sell” rating to a “hold” rating in a report on Friday, November 2nd.

NASDAQ:NYNY opened at $12.15 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 0.38 and a debt-to-equity ratio of 2.91. Empire Resorts has a fifty-two week low of $6.31 and a fifty-two week high of $26.59.

In other news, insider Emanuel R. Pearlman sold 3,000 shares of the company’s stock in a transaction on Friday, December 7th. The shares were sold at an average price of $10.87, for a total transaction of $32,610.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Emanuel R. Pearlman sold 2,000 shares of the company’s stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $13.74, for a total transaction of $27,480.00. Following the sale, the insider now directly owns 125,722 shares of the company’s stock, valued at approximately $1,727,420.28. The disclosure for this sale can be found here. Insiders have sold 30,402 shares of company stock valued at $345,058 in the last ninety days. Insiders own 1.00% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc purchased a new stake in shares of Empire Resorts during the fourth quarter worth $82,000. Bank of New York Mellon Corp grew its holdings in shares of 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 worth $163,000 after buying an additional 4,557 shares in the last quarter. Vanguard Group Inc grew its holdings in shares of Empire Resorts by 2.8% during the third quarter. Vanguard Group Inc now owns 54,925 shares of the company’s stock worth $510,000 after buying an additional 1,515 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Empire Resorts by 9.4% during the second quarter. BlackRock Inc. now owns 283,038 shares of the company’s stock worth $5,605,000 after buying an additional 24,384 shares in the last quarter. 1.91% of the stock is owned by institutional investors and hedge funds.

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 1,070 video lottery terminals and 40 electronic table game positions, as well as Resorts World Catskills, a casino resort located in Sullivan County, New York.

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