Boothbay Fund Management LLC lessened its stake in shares of Eldorado Resorts Inc (NASDAQ:ERI) by 37.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,397 shares of the company’s stock after selling 27,500 shares during the period. Boothbay Fund Management LLC owned 0.06% of Eldorado Resorts worth $1,190,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Citigroup Inc. grew its holdings in Eldorado Resorts by 58,900.0% during the second 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 grew its stake in shares of Eldorado Resorts by 8,127.7% in the second quarter. BNP Paribas Arbitrage SA now owns 7,734 shares of the company’s stock worth $155,000 after acquiring an additional 7,640 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Eldorado Resorts by 17.6% in the second quarter. Victory Capital Management Inc. now owns 8,062 shares of the company’s stock worth $161,000 after acquiring an additional 1,209 shares during the last quarter. Public Employees Retirement Association of Colorado acquired a new stake in shares of Eldorado Resorts in the second quarter worth $174,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Eldorado Resorts in the second quarter worth $210,000. Institutional investors own 81.23% of the company’s stock.
ERI has been the topic of several research analyst reports. TheStreet upgraded shares of Eldorado Resorts from a “c” rating to a “b-” rating in a research note on Wednesday, November 1st. Zacks Investment Research raised Eldorado Resorts from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Tuesday, November 7th. SunTrust Banks reaffirmed a “buy” rating and issued a $29.00 target price on shares of Eldorado Resorts in a research report on Friday, November 3rd. BidaskClub cut Eldorado Resorts from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 26th. Finally, Deutsche Bank began coverage on Eldorado Resorts in a research report on Monday, September 25th. They issued a “buy” rating and a $32.00 target price for the company. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $30.00.
In other news, Director David P. Tomick acquired 1,700 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average cost of $28.70 per share, for a total transaction of $48,790.00. Following the completion of the transaction, the director now directly owns 10,400 shares in the company, valued at $298,480. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Bonnie Biumi sold 13,079 shares of Eldorado Resorts stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $29.50, for a total value of $385,830.50. The disclosure for this sale can be found here. Company insiders own 1.18% of the company’s stock.
Shares of Eldorado Resorts Inc (NASDAQ ERI) opened at $32.70 on Friday. Eldorado Resorts Inc has a 12 month low of $14.90 and a 12 month high of $32.78. 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 announced its earnings results on Thursday, November 2nd. The company reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.02. Eldorado Resorts had a negative return on equity of 2.83% and a negative net margin of 1.20%. The company had revenue of $444.87 million during the quarter, compared to analyst estimates of $448.30 million. During the same period last year, the company posted $0.20 earnings per share. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. research analysts anticipate that Eldorado Resorts Inc will post -0.08 EPS for the current fiscal year.
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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