Oppenheimer Asset Management Inc. grew its position in shares of Eldorado Resorts, Inc. (NASDAQ:ERI) by 59.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,804 shares of the company’s stock after buying an additional 4,396 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Eldorado Resorts were worth $236,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently bought and sold shares of the business. Swiss National Bank lifted its position in shares of Eldorado Resorts by 112.8% during the 2nd quarter. Swiss National Bank now owns 82,344 shares of the company’s stock worth $1,647,000 after buying an additional 43,644 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Eldorado Resorts by 11,003.8% during the 2nd quarter. Principal Financial Group Inc. now owns 1,164,679 shares of the company’s stock worth $23,294,000 after buying an additional 1,154,190 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Eldorado Resorts by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 8,062 shares of the company’s stock worth $161,000 after buying an additional 1,209 shares in the last quarter. Virginia Retirement Systems ET AL lifted its position in shares of Eldorado Resorts by 21.3% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 18,200 shares of the company’s stock worth $364,000 after buying an additional 3,200 shares in the last quarter. Finally, Federated Investors Inc. PA lifted its position in shares of Eldorado Resorts by 143.0% during the 2nd quarter. Federated Investors Inc. PA now owns 211,315 shares of the company’s stock worth $4,227,000 after buying an additional 124,365 shares in the last quarter. 69.44% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently commented on the stock. BidaskClub raised shares of Eldorado Resorts from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 14th. Zacks Investment Research cut shares of Eldorado Resorts from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Finally, J P Morgan Chase & Co assumed coverage on shares of Eldorado Resorts in a report on Thursday, July 20th. They issued an “overweight” rating and a $24.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Eldorado Resorts has a consensus rating of “Buy” and a consensus price target of $25.00.
Shares of Eldorado Resorts, Inc. (NASDAQ:ERI) opened at 25.45 on Thursday. The company has a 50 day moving average of $22.92 and a 200-day moving average of $20.48. Eldorado Resorts, Inc. has a 12-month low of $10.65 and a 12-month high of $25.65.
Eldorado Resorts (NASDAQ:ERI) last issued its earnings results on Tuesday, August 8th. The company reported ($0.70) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.95). Eldorado Resorts had a negative return on equity of 8.03% and a negative net margin of 3.38%. The company had revenue of $355.20 million during the quarter, compared to analysts’ expectations of $354.15 million. The business’s quarterly revenue was up 53.6% compared to the same quarter last year. Analysts predict that Eldorado Resorts, Inc. will post ($0.29) earnings per share 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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