Sei Investments Co. raised its position in shares of Eldorado Resorts Inc (NASDAQ:ERI) by 71.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,900 shares of the company’s stock after purchasing an additional 25,392 shares during the period. Sei Investments Co. owned 0.08% of Eldorado Resorts worth $2,010,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of ERI. Goldman Sachs Group Inc. lifted its stake in shares of Eldorado Resorts by 1,470.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,315,430 shares of the company’s stock worth $43,606,000 after acquiring an additional 1,231,643 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Eldorado Resorts by 651.7% in the 1st quarter. Wells Fargo & Company MN now owns 1,332,982 shares of the company’s stock worth $43,989,000 after acquiring an additional 1,155,658 shares during the period. Stormborn Capital Management LLC acquired a new stake in shares of Eldorado Resorts in the 4th quarter worth approximately $10,774,000. Frontier Capital Management Co. LLC lifted its stake in shares of Eldorado Resorts by 81.3% in the 1st quarter. Frontier Capital Management Co. LLC now owns 496,603 shares of the company’s stock worth $16,388,000 after acquiring an additional 222,651 shares during the period. Finally, Two Sigma Advisers LP lifted its stake in shares of Eldorado Resorts by 46.6% in the 4th quarter. Two Sigma Advisers LP now owns 672,234 shares of the company’s stock worth $22,285,000 after acquiring an additional 213,567 shares during the period. 87.14% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Edmund L. Quatmann, Jr. sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $42.95, for a total transaction of $859,000.00. Following the sale, the insider now owns 132,917 shares in the company, valued at $5,708,785.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Roger P. Wagner sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 25th. The shares were sold at an average price of $44.30, for a total transaction of $443,000.00. Following the sale, the director now owns 130,000 shares in the company, valued at approximately $5,759,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,612 shares of company stock valued at $1,805,616. Company insiders own 1.50% of the company’s stock.
ERI stock opened at $44.25 on Monday. Eldorado Resorts Inc has a 12 month low of $18.80 and a 12 month high of $46.45. The company has a market cap of $3.42 billion, a P/E ratio of 4,425.00 and a beta of 1.03. The company has a quick ratio of 2.12, a current ratio of 2.19 and a debt-to-equity ratio of 2.28.
Eldorado Resorts (NASDAQ:ERI) last released its earnings results on Thursday, May 3rd. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.13). Eldorado Resorts had a net margin of 5.62% and a return on equity of 2.81%. The business had revenue of $440.19 million for the quarter, compared to analyst estimates of $446.15 million. During the same period in the prior year, the company earned $0.02 earnings per share. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. equities analysts predict that Eldorado Resorts Inc will post 1.89 earnings per share for the current fiscal year.
ERI has been the subject of a number of research analyst reports. BidaskClub raised shares of Eldorado Resorts from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 3rd. Telsey Advisory Group initiated coverage on shares of Eldorado Resorts in a research note on Tuesday, March 13th. They issued an “outperform” rating and a $42.00 price target for the company. Zacks Investment Research lowered shares of Eldorado Resorts from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Macquarie raised shares of Eldorado Resorts from a “neutral” rating to an “outperform” rating and increased their target price for the company from $17.30 to $38.45 in a research note on Tuesday, April 3rd. Finally, Roth Capital increased their target price on shares of Eldorado Resorts from $42.00 to $49.00 and gave the company a “buy” rating in a research note on Monday, April 16th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Eldorado Resorts has an average rating of “Buy” and a consensus price target of $46.94.
Eldorado Resorts Company Profile
Eldorado Resorts, Inc, a gaming and hospitality company, owns and operates gaming facilities in Ohio, Louisiana, Nevada, Pennsylvania, West Virginia, Colorado, Florida, Iowa, Mississippi, and Missouri. It owns and operates Eldorado Resort Casino Reno, a 814-room hotel, casino and entertainment facility; Silver Legacy Resort Casino, a 1,711-room themed hotel and casino; Circus Circus Reno, a 1,571-room hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, a 403-room, all suite art deco-style hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, a 357-room hotel, casino, entertainment, and live thoroughbred horse racing facility; Presque Isle Downs & Casino, a casino and live thoroughbred horse racing facility; and Eldorado Gaming Scioto Downs, a modern racino.
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