Fox Run Management L.L.C. purchased a new position in Eldorado Resorts Inc (NASDAQ:ERI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 32,149 shares of the company’s stock, valued at approximately $1,066,000.
Other large investors have also bought and sold shares of the company. Schwab Charles Investment Management Inc. lifted its position in shares of Eldorado Resorts by 75.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 180,670 shares of the company’s stock worth $3,614,000 after purchasing an additional 77,972 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Eldorado Resorts by 56.4% during the 2nd quarter. Rhumbline Advisers now owns 48,712 shares of the company’s stock worth $974,000 after purchasing an additional 17,562 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Eldorado Resorts by 33.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 522,892 shares of the company’s stock worth $10,458,000 after purchasing an additional 129,711 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Eldorado Resorts by 72.1% during the 2nd quarter. Legal & General Group Plc now owns 11,600 shares of the company’s stock worth $230,000 after purchasing an additional 4,861 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Eldorado Resorts by 8,127.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,734 shares of the company’s stock worth $155,000 after purchasing an additional 7,640 shares during the last quarter. Institutional investors and hedge funds own 81.23% of the company’s stock.
In other news, Director Bonnie Biumi sold 13,079 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $29.50, for a total value of $385,830.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David P. Tomick bought 1,700 shares of Eldorado Resorts stock in a transaction dated Thursday, November 9th. The stock was acquired at an average cost of $28.70 per share, with a total value of $48,790.00. Following the completion of the acquisition, the director now directly owns 10,400 shares of the company’s stock, valued at approximately $298,480. The disclosure for this purchase can be found here. 1.18% of the stock is currently owned by corporate insiders.
Shares of Eldorado Resorts Inc (NASDAQ ERI) opened at $31.60 on Friday. Eldorado Resorts Inc has a 1 year low of $14.90 and a 1 year high of $34.03. The firm has a market cap of $2,458.39, a price-to-earnings ratio of -117.04 and a beta of 1.04. The company has a quick ratio of 1.71, a current ratio of 1.78 and a debt-to-equity ratio of 2.60.
Eldorado Resorts (NASDAQ:ERI) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. Eldorado Resorts had a negative net margin of 1.20% and a negative return on equity of 2.83%. The firm had revenue of $444.87 million during the quarter, compared to analysts’ expectations of $448.30 million. During the same period in the previous year, the company earned $0.20 earnings per share. Eldorado Resorts’s quarterly revenue was down 1.0% compared to the same quarter last year. equities analysts predict that Eldorado Resorts Inc will post -0.08 EPS for the current year.
A number of equities research analysts recently weighed in on the stock. Jefferies Group assumed coverage on shares of Eldorado Resorts in a research report on Thursday. They issued a “buy” rating for the company. BidaskClub cut shares of Eldorado Resorts from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 26th. Deutsche Bank assumed coverage on shares of Eldorado Resorts in a research report on Monday, September 25th. They issued a “buy” rating and a $32.00 price target for the company. SunTrust Banks reissued a “buy” rating and issued a $29.00 price target on shares of Eldorado Resorts in a research report on Friday, November 3rd. Finally, Zacks Investment Research raised shares of Eldorado Resorts from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Eldorado Resorts has an average rating of “Buy” and a consensus target price of $30.00.
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About Eldorado Resorts
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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