Park West Asset Management LLC decreased its holdings in Eldorado Resorts Inc (NASDAQ:ERI) by 0.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,748,210 shares of the company’s stock after selling 5,000 shares during the quarter. Eldorado Resorts accounts for about 2.6% of Park West Asset Management LLC’s holdings, making the stock its 9th biggest holding. Park West Asset Management LLC owned about 2.26% of Eldorado Resorts worth $57,691,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Goldman Sachs Group Inc. raised its holdings in Eldorado Resorts by 1,470.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,315,430 shares of the company’s stock valued at $43,606,000 after acquiring an additional 1,231,643 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Eldorado Resorts by 651.7% in the first quarter. Wells Fargo & Company MN now owns 1,332,982 shares of the company’s stock valued at $43,989,000 after acquiring an additional 1,155,658 shares in the last quarter. Stormborn Capital Management LLC acquired a new stake in Eldorado Resorts in the fourth quarter valued at approximately $10,774,000. Frontier Capital Management Co. LLC raised its holdings in Eldorado Resorts by 81.3% in the first quarter. Frontier Capital Management Co. LLC now owns 496,603 shares of the company’s stock valued at $16,388,000 after acquiring an additional 222,651 shares in the last quarter. Finally, Two Sigma Advisers LP raised its holdings in Eldorado Resorts by 46.6% in the fourth quarter. Two Sigma Advisers LP now owns 672,234 shares of the company’s stock valued at $22,285,000 after acquiring an additional 213,567 shares in the last quarter. 87.16% of the stock is owned by institutional investors and hedge funds.
Several analysts recently weighed in on the stock. Roth Capital raised their target price on shares of Eldorado Resorts from $42.00 to $49.00 and gave the company a “buy” rating in a report on Monday, April 16th. Telsey Advisory Group raised their target price on shares of Eldorado Resorts from $42.00 to $48.00 and gave the company an “outperform” rating in a report on Tuesday, April 17th. Deutsche Bank raised their target price on shares of Eldorado Resorts from $38.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, April 17th. BidaskClub cut shares of Eldorado Resorts from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 7th. Finally, Zacks Investment Research cut shares of Eldorado Resorts from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 20th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $46.94.
In related news, insider Edmund L. Quatmann, Jr. sold 20,000 shares of Eldorado Resorts stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $42.95, for a total value of $859,000.00. Following the transaction, the insider now directly owns 132,917 shares in the company, valued at approximately $5,708,785.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Stephanie Lepori sold 5,000 shares of the business’s stock in a transaction on Friday, May 18th. The stock was sold at an average price of $43.86, for a total transaction of $219,300.00. Following the sale, the insider now owns 12,387 shares in the company, valued at $543,293.82. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,612 shares of company stock worth $1,805,616. 1.50% of the stock is currently owned by insiders.
Shares of Eldorado Resorts stock opened at $43.70 on Thursday. The firm has a market capitalization of $3.35 billion, a PE ratio of 4,370.00 and a beta of 1.03. Eldorado Resorts Inc has a 12 month low of $18.80 and a 12 month high of $46.45. The company has a debt-to-equity ratio of 2.28, a quick ratio of 2.12 and a current ratio of 2.19.
Eldorado Resorts (NASDAQ:ERI) last posted its quarterly earnings data on Thursday, May 3rd. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.13). Eldorado Resorts had a net margin of 5.62% and a return on equity of 2.81%. The firm had revenue of $440.19 million during the quarter, compared to analysts’ expectations of $446.15 million. During the same quarter last year, the business earned $0.02 earnings per share. The business’s quarterly revenue was down 1.9% on a year-over-year basis. equities research analysts expect that Eldorado Resorts Inc will post 1.89 EPS for the current fiscal year.
Eldorado Resorts Company Profile
Eldorado Resorts, Inc, a gaming and hospitality company, owns and operates gaming facilities in Ohio, Louisiana, Nevada, Pennsylvania, West Virginia, Colorado, Florida, Iowa, Mississippi, and Missouri. It owns and operates Eldorado Resort Casino Reno, a 814-room hotel, casino and entertainment facility; Silver Legacy Resort Casino, a 1,711-room themed hotel and casino; Circus Circus Reno, a 1,571-room hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, a 403-room, all suite art deco-style hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, a 357-room hotel, casino, entertainment, and live thoroughbred horse racing facility; Presque Isle Downs & Casino, a casino and live thoroughbred horse racing facility; and Eldorado Gaming Scioto Downs, a modern racino.
Receive News & Ratings for Eldorado Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eldorado Resorts and related companies with MarketBeat.com's FREE daily email newsletter.