Westfield Capital Management Co. LP cut its position in Eldorado Resorts Inc (NASDAQ:ERI) by 21.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,689,249 shares of the company’s stock after selling 458,563 shares during the period. Westfield Capital Management Co. LP owned approximately 2.20% of Eldorado Resorts worth $43,329,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the business. Victory Capital Management Inc. raised its holdings in Eldorado Resorts by 17.6% in the second quarter. Victory Capital Management Inc. now owns 8,062 shares of the company’s stock worth $161,000 after buying an additional 1,209 shares during the last quarter. Teachers Advisors LLC grew its stake in shares of Eldorado Resorts by 3.2% in the first quarter. Teachers Advisors LLC now owns 50,803 shares of the company’s stock worth $961,000 after acquiring an additional 1,558 shares during the period. American International Group Inc. grew its stake in shares of Eldorado Resorts by 8.1% in the third quarter. American International Group Inc. now owns 30,925 shares of the company’s stock worth $793,000 after acquiring an additional 2,312 shares during the period. Virginia Retirement Systems ET AL grew its stake in shares of Eldorado Resorts by 21.3% in the second quarter. Virginia Retirement Systems ET AL now owns 18,200 shares of the company’s stock worth $364,000 after acquiring an additional 3,200 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of Eldorado Resorts by 59.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 11,804 shares of the company’s stock worth $236,000 after acquiring an additional 4,396 shares during the period. 81.23% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently commented on ERI shares. BidaskClub lowered shares of Eldorado Resorts from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Zacks Investment Research upgraded shares of Eldorado Resorts from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Tuesday, November 7th. J P Morgan Chase & Co lifted their price target on shares of Eldorado Resorts from $29.00 to $31.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 15th. SunTrust Banks reiterated a “buy” rating and issued a $22.00 price target on shares of Eldorado Resorts in a research note on Tuesday, October 24th. Finally, TheStreet upgraded shares of Eldorado Resorts from a “c” rating to a “b-” rating in a research note on Wednesday, November 1st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $30.00.
In other news, Director David P. Tomick purchased 1,700 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was acquired at an average cost of $28.70 per share, for a total transaction of $48,790.00. Following the completion of the transaction, the director now directly owns 10,400 shares in the company, valued at approximately $298,480. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Bonnie Biumi sold 13,079 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $29.50, for a total transaction of $385,830.50. The disclosure for this sale can be found here. Insiders own 1.14% of the company’s stock.
Shares of Eldorado Resorts Inc (NASDAQ:ERI) opened at $30.60 on Monday. Eldorado Resorts Inc has a 12 month low of $14.85 and a 12 month high of $30.90. The company has a current ratio of 1.78, a quick ratio of 1.71 and a debt-to-equity ratio of 2.60.
Eldorado Resorts (NASDAQ:ERI) last announced its earnings results on Thursday, November 2nd. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.02. The company had revenue of $444.87 million during the quarter, compared to analyst estimates of $448.30 million. Eldorado Resorts had a negative net margin of 1.20% and a negative return on equity of 2.83%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.20 earnings per share. equities analysts expect that Eldorado Resorts Inc will post -0.08 EPS for the current fiscal year.
Eldorado Resorts Company Profile
Eldorado Resorts, Inc is a gaming and hospitality company that owns and operates gaming facilities located in Ohio, Louisiana, Nevada, Pennsylvania and West Virginia. The Company’s segments are Nevada, Louisiana, Eastern and Corporate. As of May 1, 2017, the Company owned and operated approximately 503,000 square feet of casino space with approximately 20,000 slot machines and video lottery terminals (VLTs), over 550 table and poker games, 45 restaurants and 6,500 hotel rooms.
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