Several other research analysts have also commented on ERI. ValuEngine lowered Eldorado Resorts from a buy rating to a hold rating in a report on Thursday, September 26th. TheStreet lowered Eldorado Resorts from a b rating to a c+ rating in a report on Friday, September 6th. Zacks Investment Research lowered Eldorado Resorts from a hold rating to a strong sell rating in a report on Tuesday, July 23rd. Wolfe Research upgraded Eldorado Resorts from a peer perform rating to an outperform rating and set a $46.12 price target on the stock in a report on Tuesday, June 25th. Finally, Stifel Nicolaus set a $58.00 price objective on shares of Eldorado Resorts and gave the company a buy rating in a report on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $53.90.
Shares of NASDAQ ERI traded down $0.21 during trading on Tuesday, hitting $39.10. 1,368,337 shares of the company were exchanged, compared to its average volume of 1,255,455. Eldorado Resorts has a 12-month low of $31.86 and a 12-month high of $54.99. The company has a debt-to-equity ratio of 3.67, a quick ratio of 1.78 and a current ratio of 1.83. The company has a fifty day moving average price of $40.04 and a 200-day moving average price of $45.83. The firm has a market capitalization of $3.04 billion, a PE ratio of 28.33, a P/E/G ratio of 1.16 and a beta of 1.51.
In related news, Director James B. Hawkins acquired 2,000 shares of Eldorado Resorts stock in a transaction that occurred on Tuesday, September 3rd. The shares were purchased at an average cost of $35.70 per share, for a total transaction of $71,400.00. Following the acquisition, the director now owns 125,137 shares in the company, valued at $4,467,390.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James B. Hawkins acquired 6,000 shares of Eldorado Resorts stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of $40.35 per share, for a total transaction of $242,100.00. Following the completion of the acquisition, the director now owns 119,137 shares in the company, valued at approximately $4,807,177.95. The disclosure for this purchase can be found here. 1.50% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in Eldorado Resorts by 24.3% in the 2nd quarter. BlackRock Inc. now owns 9,153,908 shares of the company’s stock valued at $421,721,000 after acquiring an additional 1,789,647 shares in the last quarter. Vanguard Group Inc. grew its position in Eldorado Resorts by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 5,552,414 shares of the company’s stock valued at $255,800,000 after acquiring an additional 41,669 shares in the last quarter. HG Vora Capital Management LLC acquired a new position in Eldorado Resorts in the 2nd quarter valued at about $207,315,000. Park West Asset Management LLC grew its position in Eldorado Resorts by 24.9% in the 2nd quarter. Park West Asset Management LLC now owns 3,154,116 shares of the company’s stock valued at $145,310,000 after acquiring an additional 629,116 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in Eldorado Resorts by 9.1% in the 1st quarter. Wells Fargo & Company MN now owns 1,964,722 shares of the company’s stock valued at $91,733,000 after acquiring an additional 163,078 shares in the last quarter. 99.02% of the stock is owned by institutional investors.
About Eldorado Resorts
Eldorado Resorts, Inc operates as a gaming and hospitality company in the United States. It owns and operates Eldorado Resort Casino Reno, a hotel, casino, and entertainment facility; Silver Legacy Resort Casino, a themed hotel and casino; Circus Circus Reno, a hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, a hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, a 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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