Alpine Group USVI LLC purchased a new stake in Eldorado Resorts Inc (NASDAQ:ERI) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 5,050 shares of the company’s stock, valued at approximately $201,000.
A number of other large investors also recently added to or reduced their stakes in the stock. Dorsey Wright & Associates boosted its holdings in Eldorado Resorts by 33.3% in the second quarter. Dorsey Wright & Associates now owns 920 shares of the company’s stock valued at $42,000 after acquiring an additional 230 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Eldorado Resorts by 7.0% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,652 shares of the company’s stock valued at $221,000 after buying an additional 304 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Eldorado Resorts by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 26,383 shares of the company’s stock valued at $1,215,000 after buying an additional 372 shares in the last quarter. Aperio Group LLC boosted its holdings in shares of Eldorado Resorts by 7.7% during the 2nd quarter. Aperio Group LLC now owns 5,747 shares of the company’s stock valued at $265,000 after buying an additional 409 shares in the last quarter. Finally, United Services Automobile Association boosted its holdings in shares of Eldorado Resorts by 3.9% during the 2nd quarter. United Services Automobile Association now owns 12,166 shares of the company’s stock valued at $560,000 after buying an additional 457 shares in the last quarter. Institutional investors and hedge funds own 99.02% of the company’s stock.
A number of brokerages have recently commented on ERI. Wolfe Research upgraded shares of Eldorado Resorts from a “peer perform” rating to an “outperform” rating and set a $46.12 target price on the stock in a report on Tuesday, June 25th. Deutsche Bank restated a “buy” rating and set a $66.00 target price on shares of Eldorado Resorts in a report on Sunday, September 1st. TheStreet cut shares of Eldorado Resorts from a “b” rating to a “c+” rating in a report on Friday, September 6th. Susquehanna Bancshares began coverage on shares of Eldorado Resorts in a report on Wednesday, July 24th. They set a “neutral” rating and a $50.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of Eldorado Resorts from a “strong sell” rating to a “hold” rating in a report on Tuesday. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $53.90.
Eldorado Resorts stock traded up $2.13 during mid-day trading on Friday, reaching $42.19. The stock had a trading volume of 100,188 shares, compared to its average volume of 1,609,469. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 30.53, a PEG ratio of 1.13 and a beta of 1.51. The company has a 50-day moving average price of $39.99 and a two-hundred day moving average price of $45.58. Eldorado Resorts Inc has a one year low of $31.86 and a one year high of $54.99. The company has a debt-to-equity ratio of 3.67, a current ratio of 1.83 and a quick ratio of 1.78.
Eldorado Resorts (NASDAQ:ERI) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.25). The firm had revenue of $637.10 million during the quarter, compared to the consensus estimate of $658.74 million. Eldorado Resorts had a return on equity of 9.47% and a net margin of 3.90%. The business’s revenue for the quarter was up 39.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 EPS. On average, equities research analysts anticipate that Eldorado Resorts Inc will post 1.73 earnings per share for the current fiscal year.
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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