Epoch Investment Partners Inc. boosted its position in shares of Eldorado Resorts Inc (NASDAQ:ERI) by 106.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 944,322 shares of the company’s stock after purchasing an additional 486,835 shares during the quarter. Epoch Investment Partners Inc. owned about 1.23% of Eldorado Resorts worth $24,221,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of Eldorado Resorts by 75.0% during the 2nd quarter. FMR LLC now owns 3,389,255 shares of the company’s stock valued at $67,785,000 after acquiring an additional 1,452,155 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Eldorado Resorts by 204.2% during the 2nd quarter. Renaissance Technologies LLC now owns 2,419,521 shares of the company’s stock valued at $48,390,000 after acquiring an additional 1,624,021 shares during the last quarter. Westfield Capital Management Co. LP boosted its holdings in shares of Eldorado Resorts by 41.1% during the 2nd quarter. Westfield Capital Management Co. LP now owns 2,147,812 shares of the company’s stock valued at $42,956,000 after acquiring an additional 625,911 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Eldorado Resorts by 78.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,957,282 shares of the company’s stock valued at $39,146,000 after acquiring an additional 859,537 shares during the last quarter. Finally, Peregrine Capital Management LLC boosted its holdings in shares of Eldorado Resorts by 130.0% during the 3rd quarter. Peregrine Capital Management LLC now owns 1,584,460 shares of the company’s stock valued at $40,641,000 after acquiring an additional 895,489 shares during the last quarter. 81.23% of the stock is currently owned by institutional investors.
In other news, Director David P. Tomick bought 1,700 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were bought at an average price of $28.70 per share, for a total transaction of $48,790.00. Following the purchase, the director now owns 10,400 shares in the company, valued at $298,480. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bonnie Biumi sold 13,079 shares of the firm’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. 1.14% of the stock is owned by corporate insiders.
A number of analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Eldorado Resorts from a “buy” rating to a “hold” rating in a report on Friday, December 1st. J P Morgan Chase & Co increased their price objective 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 $29.00 price objective on shares of Eldorado Resorts in a research note on Friday, November 3rd. TheStreet upgraded shares of Eldorado Resorts from a “c” rating to a “b-” rating in a research note on Wednesday, November 1st. Finally, BidaskClub upgraded shares of Eldorado Resorts from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $30.00.
Eldorado Resorts Inc (NASDAQ:ERI) opened at $31.35 on Wednesday. Eldorado Resorts Inc has a one year low of $14.90 and a one year high of $31.48. 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 issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $448.30 million. During the same quarter in the prior year, the business earned $0.20 EPS. The business’s quarterly revenue was down 1.0% on a year-over-year basis. equities analysts forecast that Eldorado Resorts Inc will post -0.08 EPS for the current year.
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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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