Eldorado Resorts, Inc. (ERI) Director David P. Tomick Buys 1,700 Shares
Eldorado Resorts, Inc. (NASDAQ:ERI) Director David P. Tomick bought 1,700 shares of the stock in a transaction on Thursday, November 9th. The shares were bought at an average price of $28.70 per share, for a total transaction of $48,790.00. Following the completion of the transaction, the director now directly owns 10,400 shares of the company’s stock, valued at approximately $298,480. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Eldorado Resorts, Inc. (NASDAQ ERI) traded up $0.10 during midday trading on Monday, hitting $28.65. 1,112,700 shares of the company’s stock traded hands, compared to its average volume of 711,830. Eldorado Resorts, Inc. has a 12 month low of $11.80 and a 12 month high of $30.00. The company has a current ratio of 1.78, a quick ratio of 1.71 and a debt-to-equity ratio of 2.60.
Eldorado Resorts (NASDAQ:ERI) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.02. Eldorado Resorts had a negative net margin of 1.20% and a negative return on equity of 2.83%. The company had revenue of $444.87 million for the quarter, compared to the consensus estimate of $448.30 million. During the same quarter in the prior year, the firm earned $0.20 earnings per share. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. equities analysts predict that Eldorado Resorts, Inc. will post -0.08 EPS for the current fiscal year.
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Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Eldorado Resorts from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Tuesday, November 7th. SunTrust Banks, Inc. restated a “buy” rating and set a $29.00 target price on shares of Eldorado Resorts in a research report on Friday, November 3rd. TheStreet raised shares of Eldorado Resorts from a “c” rating to a “b-” rating in a report on Wednesday, November 1st. BidaskClub raised shares of Eldorado Resorts from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, Deutsche Bank AG assumed coverage on shares of Eldorado Resorts in a report on Monday, September 25th. They issued a “buy” rating and a $32.00 price target on the stock. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $28.60.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Sei Investments Co. lifted its stake in shares of Eldorado Resorts by 121.0% during the second quarter. Sei Investments Co. now owns 67,446 shares of the company’s stock valued at $1,349,000 after buying an additional 36,928 shares during the period. Shell Asset Management Co. purchased a new position in Eldorado Resorts during the second quarter worth approximately $700,000. Federated Investors Inc. PA raised its stake in Eldorado Resorts by 143.0% during the second quarter. Federated Investors Inc. PA now owns 211,315 shares of the company’s stock worth $4,227,000 after purchasing an additional 124,365 shares during the period. Peregrine Capital Management LLC raised its stake in Eldorado Resorts by 2.0% during the second quarter. Peregrine Capital Management LLC now owns 688,971 shares of the company’s stock worth $13,779,000 after purchasing an additional 13,769 shares during the period. Finally, Vanguard Group Inc. raised its stake in Eldorado Resorts by 12.7% during the first quarter. Vanguard Group Inc. now owns 1,097,745 shares of the company’s stock worth $20,774,000 after purchasing an additional 123,700 shares during the period. 73.50% of the stock is currently owned by institutional investors and hedge funds.
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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