Eldorado Resorts Inc (ERI) Holdings Increased by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA boosted its stake in shares of Eldorado Resorts Inc (NASDAQ:ERI) by 1,390.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 13,830 shares of the company’s stock after purchasing an additional 12,902 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Eldorado Resorts were worth $646,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Retirement Systems of Alabama raised its holdings in Eldorado Resorts by 0.4% during the 4th quarter. Retirement Systems of Alabama now owns 84,258 shares of the company’s stock worth $3,051,000 after buying an additional 334 shares during the period. Sapphire Star Partners LP raised its holdings in Eldorado Resorts by 2.7% during the 4th quarter. Sapphire Star Partners LP now owns 12,597 shares of the company’s stock worth $456,000 after buying an additional 335 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Eldorado Resorts by 7.1% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 5,541 shares of the company’s stock worth $201,000 after buying an additional 365 shares during the period. Arizona State Retirement System raised its holdings in Eldorado Resorts by 1.2% during the 4th quarter. Arizona State Retirement System now owns 46,659 shares of the company’s stock worth $1,690,000 after buying an additional 531 shares during the period. Finally, Comerica Bank raised its holdings in Eldorado Resorts by 0.8% during the 4th quarter. Comerica Bank now owns 68,739 shares of the company’s stock worth $3,032,000 after buying an additional 549 shares during the period. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Several research firms have issued reports on ERI. Zacks Investment Research upgraded Eldorado Resorts from a “sell” rating to a “hold” rating in a report on Tuesday, March 26th. JPMorgan Chase & Co. set a $60.00 price objective on Eldorado Resorts and gave the stock a “buy” rating in a report on Friday, January 18th. Roth Capital restated a “buy” rating on shares of Eldorado Resorts in a report on Thursday, February 28th. Jefferies Financial Group set a $58.00 price objective on Eldorado Resorts and gave the stock a “buy” rating in a report on Thursday, February 28th. Finally, BidaskClub downgraded Eldorado Resorts from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 6th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $53.43.

Shares of ERI opened at $46.14 on Tuesday. The stock has a market capitalization of $3.57 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 1.02 and a beta of 1.73. Eldorado Resorts Inc has a fifty-two week low of $31.86 and a fifty-two week high of $51.67. The company has a debt-to-equity ratio of 3.78, a quick ratio of 1.37 and a current ratio of 0.98.

Eldorado Resorts (NASDAQ:ERI) last issued its earnings results on Thursday, May 2nd. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.10. The company had revenue of $627.75 million for the quarter, compared to the consensus estimate of $660.92 million. Eldorado Resorts had a return on equity of 11.41% and a net margin of 5.00%. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 EPS. On average, sell-side analysts expect that Eldorado Resorts Inc will post 2.34 EPS for the current fiscal year.

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About Eldorado Resorts

Eldorado Resorts, Inc operates as a gaming and hospitality company in the United States. It owns and operates Eldorado Resort Casino Reno, a hotel, casino, and entertainment facility; Silver Legacy Resort Casino, a themed hotel and casino; Circus Circus Reno, a hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, a hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, a 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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