Eldorado Resorts Inc (NASDAQ:ERI) shares were down 5.9% during mid-day trading on Tuesday . The stock traded as low as $32.92 and last traded at $33.52. Approximately 1,620,155 shares traded hands during mid-day trading, an increase of 60% from the average daily volume of 1,011,804 shares. The stock had previously closed at $35.63.

Several research analysts have recently issued reports on ERI shares. Jefferies Financial Group set a $57.00 price objective on Eldorado Resorts and gave the company a “buy” rating in a research note on Friday, October 5th. Roth Capital upped their price objective on Eldorado Resorts from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 13th. Deutsche Bank set a $54.00 price objective on Eldorado Resorts and gave the company a “buy” rating in a research note on Saturday, November 10th. BidaskClub raised Eldorado Resorts from a “hold” rating to a “buy” rating in a research note on Saturday, September 15th. Finally, Zacks Investment Research raised shares of Eldorado Resorts from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Wednesday, November 14th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Eldorado Resorts has a consensus rating of “Buy” and an average target price of $51.38.

The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 3,544.00, a P/E/G ratio of 0.95 and a beta of 1.47. The company has a current ratio of 1.63, a quick ratio of 1.57 and a debt-to-equity ratio of 2.86.

Eldorado Resorts (NASDAQ:ERI) last released its earnings results on Thursday, November 8th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). The firm had revenue of $487.25 million for the quarter, compared to analyst estimates of $494.60 million. Eldorado Resorts had a net margin of 10.21% and a return on equity of 12.38%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.38 EPS. Equities research analysts anticipate that Eldorado Resorts Inc will post 1.87 earnings per share for the current year.

In related news, COO Anthony L. Carano acquired 1,000 shares of Eldorado Resorts stock in a transaction dated Friday, September 7th. The stock was bought at an average price of $45.60 per share, with a total value of $45,600.00. Following the transaction, the chief operating officer now directly owns 26,979 shares in the company, valued at approximately $1,230,242.40. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Thomas Reeg acquired 3,000 shares of Eldorado Resorts stock in a transaction dated Tuesday, November 13th. The shares were bought at an average cost of $33.70 per share, with a total value of $101,100.00. Following the transaction, the chief financial officer now owns 125,485 shares in the company, valued at $4,228,844.50. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 15,000 shares of company stock valued at $532,300. Insiders own 1.50% of the company’s stock.

Several hedge funds have recently made changes to their positions in ERI. Morgan Stanley lifted its holdings in shares of Eldorado Resorts by 1.8% in the 3rd quarter. Morgan Stanley now owns 314,757 shares of the company’s stock worth $15,297,000 after purchasing an additional 5,673 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Eldorado Resorts by 171.5% in the 3rd quarter. Legal & General Group Plc now owns 63,172 shares of the company’s stock worth $3,070,000 after purchasing an additional 39,907 shares in the last quarter. New Mexico Educational Retirement Board bought a new position in shares of Eldorado Resorts in the 3rd quarter worth $685,000. Nordea Investment Management AB lifted its holdings in shares of Eldorado Resorts by 33.8% in the 3rd quarter. Nordea Investment Management AB now owns 96,568 shares of the company’s stock worth $4,692,000 after purchasing an additional 24,398 shares in the last quarter. Finally, Teachers Advisors LLC lifted its holdings in shares of Eldorado Resorts by 2.0% in the 3rd quarter. Teachers Advisors LLC now owns 130,027 shares of the company’s stock worth $6,319,000 after purchasing an additional 2,522 shares in the last quarter. 98.17% of the stock is owned by institutional investors.

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Eldorado Resorts Company Profile (NASDAQ:ERI)

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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