TIAA CREF Investment Management LLC lowered its stake in shares of Eldorado Resorts, Inc. (NASDAQ:ERI) by 6.6% during the first quarter, Holdings Channel reports. The fund owned 76,846 shares of the company’s stock after selling 5,411 shares during the period. TIAA CREF Investment Management LLC’s holdings in Eldorado Resorts were worth $1,454,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in ERI. Teachers Advisors LLC boosted its stake in Eldorado Resorts by 3.2% in the first quarter. Teachers Advisors LLC now owns 50,803 shares of the company’s stock valued at $961,000 after buying an additional 1,558 shares during the last quarter. FMR LLC boosted its stake in Eldorado Resorts by 258.4% in the first quarter. FMR LLC now owns 1,937,100 shares of the company’s stock valued at $36,660,000 after buying an additional 1,396,588 shares during the last quarter. American International Group Inc. boosted its stake in Eldorado Resorts by 7.1% in the first quarter. American International Group Inc. now owns 17,642 shares of the company’s stock valued at $334,000 after buying an additional 1,170 shares during the last quarter. Alambic Investment Management L.P. boosted its stake in Eldorado Resorts by 0.9% in the first quarter. Alambic Investment Management L.P. now owns 45,000 shares of the company’s stock valued at $852,000 after buying an additional 400 shares during the last quarter. Finally, RWC Asset Management LLP boosted its stake in Eldorado Resorts by 85.0% in the first quarter. RWC Asset Management LLP now owns 822,888 shares of the company’s stock valued at $15,573,000 after buying an additional 378,024 shares during the last quarter. Hedge funds and other institutional investors own 65.18% of the company’s stock.

Shares of Eldorado Resorts, Inc. (ERI) traded up 3.77% during midday trading on Friday, reaching $23.40. 1,363,377 shares of the company traded hands. Eldorado Resorts, Inc. has a 1-year low of $10.65 and a 1-year high of $23.40. The stock has a 50 day moving average price of $20.22 and a 200 day moving average price of $19.04.

Eldorado Resorts (NASDAQ:ERI) last announced its quarterly earnings data on Tuesday, August 8th. The company reported ($0.70) earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by $0.95. The firm had revenue of $355.20 million during the quarter, compared to analysts’ expectations of $354.15 million. Eldorado Resorts had a negative net margin of 3.38% and a negative return on equity of 11.56%. The business’s quarterly revenue was up 53.6% on a year-over-year basis. Equities research analysts expect that Eldorado Resorts, Inc. will post $0.20 EPS for the current year.

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Several equities research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Eldorado Resorts from a “hold” rating to a “sell” rating in a research report on Friday. BidaskClub cut shares of Eldorado Resorts from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. J P Morgan Chase & Co assumed coverage on shares of Eldorado Resorts in a research report on Thursday, July 20th. They set an “overweight” rating and a $24.00 price objective on the stock. TheStreet upgraded shares of Eldorado Resorts from a “d+” rating to a “c” rating in a research report on Wednesday, May 17th. Finally, Imperial Capital lifted their price objective on shares of Eldorado Resorts from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Eldorado Resorts currently has a consensus rating of “Hold” and an average target price of $22.33.

In other news, insider Thomas Reeg acquired 2,500 shares of the firm’s stock in a transaction on Friday, June 16th. The shares were bought at an average price of $20.03 per share, for a total transaction of $50,075.00. Following the acquisition, the insider now owns 46,200 shares of the company’s stock, valued at approximately $925,386. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Hotel Casino Management, Inc. sold 20,864 shares of the firm’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $20.51, for a total value of $427,920.64. The disclosure for this sale can be found here. Company insiders own 1.18% of the company’s stock.

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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Institutional Ownership by Quarter for Eldorado Resorts (NASDAQ:ERI)

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