Eldorado Resorts Inc (NASDAQ:ERI) Holdings Increased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund grew its stake in shares of Eldorado Resorts Inc (NASDAQ:ERI) by 1.4% during the second quarter, Holdings Channel reports. The institutional investor owned 26,383 shares of the company’s stock after acquiring an additional 372 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Eldorado Resorts were worth $1,215,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Bank of America Corp DE raised its holdings in shares of Eldorado Resorts by 25.3% in the 4th quarter. Bank of America Corp DE now owns 121,758 shares of the company’s stock worth $4,409,000 after purchasing an additional 24,586 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its holdings in shares of Eldorado Resorts by 211.5% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 10,637 shares of the company’s stock valued at $385,000 after acquiring an additional 7,222 shares during the period. Thrivent Financial for Lutherans grew its position in Eldorado Resorts by 6.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 16,503 shares of the company’s stock valued at $598,000 after purchasing an additional 977 shares in the last quarter. Legal & General Group Plc grew its position in Eldorado Resorts by 6.4% during the fourth quarter. Legal & General Group Plc now owns 67,240 shares of the company’s stock valued at $2,435,000 after purchasing an additional 4,068 shares in the last quarter. Finally, Macquarie Group Ltd. grew its position in Eldorado Resorts by 9.2% during the fourth quarter. Macquarie Group Ltd. now owns 81,384 shares of the company’s stock valued at $2,947,000 after purchasing an additional 6,852 shares in the last quarter. Institutional investors own 85.75% of the company’s stock.

ERI stock traded down $0.75 during trading hours on Tuesday, hitting $40.96. The company’s stock had a trading volume of 56,610 shares, compared to its average volume of 1,619,960. The company has a debt-to-equity ratio of 3.78, a current ratio of 0.98 and a quick ratio of 0.93. The stock has a market cap of $3.34 billion, a P/E ratio of 29.75, a PEG ratio of 1.03 and a beta of 1.46. Eldorado Resorts Inc has a 12 month low of $31.86 and a 12 month high of $54.99. The stock has a 50 day moving average of $46.72.

Eldorado Resorts (NASDAQ:ERI) last posted its earnings results on Tuesday, August 6th. The company reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.30). The business had revenue of $637.10 million during the quarter, compared to the consensus estimate of $658.74 million. Eldorado Resorts had a return on equity of 11.41% and a net margin of 5.00%. The business’s revenue was up 39.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 earnings per share. On average, analysts predict that Eldorado Resorts Inc will post 2.09 earnings per share for the current year.

A number of research analysts recently commented on the stock. Susquehanna Bancshares assumed coverage on shares of Eldorado Resorts in a research report on Wednesday, July 24th. They set a “neutral” rating and a $50.00 price objective on the stock. Stifel Nicolaus assumed coverage on shares of Eldorado Resorts in a research report on Wednesday, June 5th. They set a “buy” rating and a $62.00 price objective on the stock. Deutsche Bank boosted their price objective on shares of Eldorado Resorts from $56.00 to $74.00 and gave the company a “buy” rating in a research report on Monday, July 1st. Wolfe Research raised shares of Eldorado Resorts from a “peer perform” rating to an “outperform” rating and set a $46.12 price objective on the stock in a research report on Tuesday, June 25th. Finally, ValuEngine downgraded shares of Eldorado Resorts from a “buy” rating to a “hold” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $55.24.

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.

See Also: Liquidity

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Institutional Ownership by Quarter for Eldorado Resorts (NASDAQ:ERI)

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