Chartwell Investment Partners LLC trimmed its stake in Eldorado Resorts Inc (NASDAQ:ERI) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 341,493 shares of the company’s stock after selling 4,018 shares during the period. Chartwell Investment Partners LLC owned about 0.44% of Eldorado Resorts worth $11,320,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the business. California Public Employees Retirement System grew its holdings in shares of Eldorado Resorts by 1.2% during the fourth quarter. California Public Employees Retirement System now owns 151,521 shares of the company’s stock worth $5,023,000 after purchasing an additional 1,800 shares during the last quarter. American International Group Inc. grew its holdings in shares of Eldorado Resorts by 8.1% during the third quarter. American International Group Inc. now owns 30,925 shares of the company’s stock worth $793,000 after purchasing an additional 2,312 shares during the last quarter. Swiss National Bank grew its holdings in shares of Eldorado Resorts by 3.2% during the fourth quarter. Swiss National Bank now owns 84,944 shares of the company’s stock worth $2,816,000 after purchasing an additional 2,600 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Eldorado Resorts by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 527,940 shares of the company’s stock worth $13,542,000 after purchasing an additional 5,048 shares during the last quarter. Finally, Voya Investment Management LLC grew its holdings in shares of Eldorado Resorts by 36.5% during the second quarter. Voya Investment Management LLC now owns 21,469 shares of the company’s stock worth $429,000 after purchasing an additional 5,746 shares during the last quarter. Hedge funds and other institutional investors own 80.69% of the company’s stock.
Several analysts have recently commented on the company. BidaskClub cut Eldorado Resorts from a “strong-buy” rating to a “buy” rating in a report on Wednesday. SunTrust Banks reiterated an “average” rating and issued a $36.00 price target on shares of Eldorado Resorts in a report on Monday, February 5th. Jefferies Group initiated coverage on Eldorado Resorts in a report on Thursday, January 18th. They issued a “buy” rating and a $40.00 price target on the stock. Zacks Investment Research cut Eldorado Resorts from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, JPMorgan Chase & Co. raised their price target on Eldorado Resorts from $29.00 to $31.00 and gave the company an “overweight” rating in a report on Wednesday, November 15th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $32.83.
Eldorado Resorts Inc (ERI) opened at $32.45 on Friday. Eldorado Resorts Inc has a 1-year low of $15.90 and a 1-year high of $35.30. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.78 and a quick ratio of 1.71.
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Eldorado Resorts 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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