Strs Ohio acquired a new stake in Eldorado Resorts Inc (NASDAQ:ERI) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 4,000 shares of the company’s stock, valued at approximately $156,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in shares of Eldorado Resorts by 19.3% in the 2nd quarter. Victory Capital Management Inc. now owns 810,530 shares of the company’s stock valued at $31,691,000 after buying an additional 131,250 shares during the period. Royal Bank of Canada boosted its stake in shares of Eldorado Resorts by 352.3% in the 1st quarter. Royal Bank of Canada now owns 14,587 shares of the company’s stock valued at $481,000 after buying an additional 11,362 shares during the period. Navellier & Associates Inc boosted its stake in shares of Eldorado Resorts by 19.7% in the 2nd quarter. Navellier & Associates Inc now owns 72,820 shares of the company’s stock valued at $2,847,000 after buying an additional 11,976 shares during the period. RWC Asset Management LLP boosted its stake in shares of Eldorado Resorts by 7.5% in the 2nd quarter. RWC Asset Management LLP now owns 712,945 shares of the company’s stock valued at $27,876,000 after buying an additional 50,000 shares during the period. Finally, Bluestein R H & Co. purchased a new position in shares of Eldorado Resorts in the 1st quarter valued at about $254,000. Institutional investors and hedge funds own 88.32% of the company’s stock.

ERI stock opened at $48.85 on Friday. The company has a market cap of $3.71 billion, a P/E ratio of 34.25 and a beta of 1.08. Eldorado Resorts Inc has a fifty-two week low of $23.95 and a fifty-two week high of $50.00. The company has a debt-to-equity ratio of 2.20, a current ratio of 2.32 and a quick ratio of 2.25.

Eldorado Resorts (NASDAQ:ERI) last posted its earnings results on Thursday, August 2nd. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.05). Eldorado Resorts had a return on equity of 11.64% and a net margin of 9.99%. The business had revenue of $456.80 million for the quarter, compared to analysts’ expectations of $461.57 million. During the same quarter in the previous year, the firm earned ($0.68) EPS. Eldorado Resorts’s revenue for the quarter was up 21.6% compared to the same quarter last year. sell-side analysts anticipate that Eldorado Resorts Inc will post 1.84 earnings per share for the current fiscal year.

In other news, Director James B. Hawkins acquired 1,000 shares of Eldorado Resorts stock in a transaction on Wednesday, September 5th. The stock was bought at an average price of $46.50 per share, for a total transaction of $46,500.00. Following the completion of the purchase, the director now owns 108,832 shares in the company, valued at $5,060,688. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James B. Hawkins acquired 4,000 shares of Eldorado Resorts stock in a transaction on Tuesday, August 7th. The stock was purchased at an average price of $42.45 per share, with a total value of $169,800.00. Following the purchase, the director now owns 107,832 shares of the company’s stock, valued at approximately $4,577,468.40. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 6,000 shares of company stock valued at $261,900. 1.50% of the stock is owned by company insiders.

ERI has been the subject of several recent analyst reports. BidaskClub upgraded Eldorado Resorts from a “hold” rating to a “buy” rating in a research note on Friday, July 13th. Roth Capital boosted their target price on Eldorado Resorts from $56.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, June 12th. Finally, Telsey Advisory Group boosted their target price on Eldorado Resorts from $48.00 to $53.00 and gave the stock an “outperform” rating in a research note on Thursday, May 31st. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $46.94.

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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