Ladenburg Thalmann Financial Services Inc. boosted its position in Eldorado Resorts (NASDAQ:ERI) by 117.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,287 shares of the company’s stock after purchasing an additional 1,775 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Eldorado Resorts were worth $109,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in ERI. Nationwide Fund Advisors raised its stake in Eldorado Resorts by 60.7% in the 3rd quarter. Nationwide Fund Advisors now owns 123,310 shares of the company’s stock valued at $3,163,000 after purchasing an additional 46,554 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Eldorado Resorts by 1.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 527,940 shares of the company’s stock valued at $13,542,000 after purchasing an additional 5,048 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Eldorado Resorts in the 3rd quarter valued at about $247,000. American International Group Inc. grew its holdings in Eldorado Resorts by 8.1% in the 3rd quarter. American International Group Inc. now owns 30,925 shares of the company’s stock valued at $793,000 after buying an additional 2,312 shares during the period. Finally, Legal & General Group Plc grew its holdings in Eldorado Resorts by 110.8% in the 3rd quarter. Legal & General Group Plc now owns 24,454 shares of the company’s stock valued at $627,000 after buying an additional 12,854 shares during the period. 84.36% of the stock is owned by hedge funds and other institutional investors.

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Shares of NASDAQ:ERI opened at $41.50 on Tuesday. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.15 and a quick ratio of 1.07. Eldorado Resorts has a 1 year low of $17.30 and a 1 year high of $43.15. The stock has a market cap of $2,757.51, a PE ratio of 4,150.00 and a beta of 1.04.

Eldorado Resorts (NASDAQ:ERI) last issued its earnings results on Thursday, February 22nd. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.04). Eldorado Resorts had a negative return on equity of 0.19% and a net margin of 5.17%. The firm had revenue of $428.22 million for the quarter, compared to analysts’ expectations of $431.27 million. sell-side analysts forecast that Eldorado Resorts will post 1.9 EPS for the current year.

Several analysts have commented on the company. Telsey Advisory Group assumed coverage on Eldorado Resorts in a report on Tuesday, March 13th. They issued an “outperform” rating and a $42.00 price target for the company. Jefferies Group assumed coverage on Eldorado Resorts in a report on Thursday, January 18th. They issued a “buy” rating and a $40.00 price target for the company. Roth Capital lifted their price target on Eldorado Resorts from $42.00 to $49.00 and gave the company a “buy” rating in a report on Monday. BidaskClub cut Eldorado Resorts from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 14th. Finally, SunTrust Banks restated an “average” rating and issued a $36.00 price target on shares of Eldorado Resorts in a report on Monday, February 5th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Eldorado Resorts currently has an average rating of “Buy” and an average price target of $36.27.

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About Eldorado Resorts

Eldorado Resorts, Inc, a gaming and hospitality company, owns and operates gaming facilities in Ohio, Louisiana, Nevada, Pennsylvania, West Virginia, Colorado, Florida, Iowa, Mississippi, and Missouri. It owns and operates Eldorado Resort Casino Reno, a 814-room hotel, casino and entertainment facility; Silver Legacy Resort Casino, a 1,711-room themed hotel and casino; Circus Circus Reno, a 1,571-room hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, a 403-room, all suite art deco-style hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, a 357-room 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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Institutional Ownership by Quarter for Eldorado Resorts (NASDAQ:ERI)

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