Eldorado Resorts, Inc. (NASDAQ:ERI) Director Bonnie Biumi sold 13,079 shares of Eldorado Resorts stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $29.50, for a total transaction of $385,830.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Eldorado Resorts, Inc. (NASDAQ:ERI) opened at $29.20 on Friday. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.71 and a current ratio of 1.78. Eldorado Resorts, Inc. has a one year low of $13.00 and a one year high of $30.00.
Eldorado Resorts (NASDAQ:ERI) last released its earnings results on Thursday, November 2nd. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The business had revenue of $444.87 million during the quarter, compared to analysts’ expectations of $448.30 million. Eldorado Resorts had a negative net margin of 1.20% and a negative return on equity of 2.83%. The company’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.20 earnings per share. equities analysts forecast that Eldorado Resorts, Inc. will post -0.08 earnings per share for the current fiscal year.
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A number of research analysts have weighed in on ERI shares. BidaskClub cut shares of Eldorado Resorts from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $29.00 price objective on shares of Eldorado Resorts in a report on Friday, November 3rd. J P Morgan Chase & Co lifted their price objective on shares of Eldorado Resorts from $29.00 to $31.00 and gave the company an “overweight” rating in a report on Wednesday. TheStreet raised shares of Eldorado Resorts from a “c” rating to a “b-” rating in a report on Wednesday, November 1st. Finally, Deutsche Bank AG began coverage on shares of Eldorado Resorts in a report on Monday, September 25th. They issued a “buy” rating and a $32.00 price objective for the company. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $30.00.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Citigroup Inc. boosted its holdings in Eldorado Resorts by 58,900.0% in the 2nd quarter. Citigroup Inc. now owns 5,900 shares of the company’s stock valued at $118,000 after purchasing an additional 5,890 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Eldorado Resorts by 8,127.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,734 shares of the company’s stock valued at $155,000 after purchasing an additional 7,640 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Eldorado Resorts by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 8,062 shares of the company’s stock valued at $161,000 after purchasing an additional 1,209 shares during the last quarter. Public Employees Retirement Association of Colorado acquired a new position in Eldorado Resorts in the 2nd quarter valued at about $174,000. Finally, Fox Run Management L.L.C. acquired a new position in Eldorado Resorts in the 2nd quarter valued at about $208,000. Hedge funds and other institutional investors own 73.50% of the company’s stock.
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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