Eldorado Resorts Inc (NASDAQ:ERI) Shares Bought by Zeke Capital Advisors LLC

Zeke Capital Advisors LLC grew its stake in Eldorado Resorts Inc (NASDAQ:ERI) by 29.9% during the 2nd quarter, Holdings Channel reports. The fund owned 11,480 shares of the company’s stock after acquiring an additional 2,644 shares during the period. Zeke Capital Advisors LLC’s holdings in Eldorado Resorts were worth $529,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Lenox Wealth Management Inc. bought a new stake in shares of Eldorado Resorts in the 2nd quarter worth approximately $242,000. Peregrine Capital Management LLC raised its stake in Eldorado Resorts by 0.3% during the 2nd quarter. Peregrine Capital Management LLC now owns 642,302 shares of the company’s stock valued at $29,591,000 after acquiring an additional 1,639 shares in the last quarter. NEXT Financial Group Inc raised its stake in Eldorado Resorts by 1,824.3% during the 2nd quarter. NEXT Financial Group Inc now owns 1,424 shares of the company’s stock valued at $65,000 after acquiring an additional 1,350 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Eldorado Resorts by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 26,383 shares of the company’s stock valued at $1,215,000 after acquiring an additional 372 shares in the last quarter. Finally, Falcon Point Capital LLC raised its stake in Eldorado Resorts by 1.4% during the 2nd quarter. Falcon Point Capital LLC now owns 135,207 shares of the company’s stock valued at $6,229,000 after acquiring an additional 1,802 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Several analysts have weighed in on ERI shares. Zacks Investment Research downgraded Eldorado Resorts from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 23rd. Deutsche Bank lifted their target price on Eldorado Resorts from $56.00 to $74.00 and gave the company a “buy” rating in a research note on Monday, July 1st. BidaskClub downgraded Eldorado Resorts from a “buy” rating to a “hold” rating in a research note on Friday, June 28th. Stifel Nicolaus started coverage on Eldorado Resorts in a research note on Wednesday, June 5th. They set a “buy” rating and a $62.00 target price on the stock. Finally, ValuEngine downgraded Eldorado Resorts from a “buy” rating to a “hold” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $55.24.

Shares of ERI stock traded down $2.01 during mid-day trading on Tuesday, hitting $39.70. 213,744 shares of the stock traded hands, compared to its average volume of 1,619,960. Eldorado Resorts Inc has a twelve month low of $31.86 and a twelve month high of $54.99. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 28.85, a price-to-earnings-growth ratio of 1.03 and a beta of 1.46. The stock’s 50-day simple moving average is $46.72. The company has a current ratio of 0.98, a quick ratio of 0.93 and a debt-to-equity ratio of 3.78.

Eldorado Resorts (NASDAQ:ERI) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.30). Eldorado Resorts had a net margin of 5.00% and a return on equity of 11.41%. The firm had revenue of $637.10 million for the quarter, compared to analyst estimates of $658.74 million. During the same quarter last year, the business posted $0.47 earnings per share. The firm’s revenue for the quarter was up 39.5% compared to the same quarter last year. Equities analysts forecast that Eldorado Resorts Inc will post 2.09 earnings per share for the current year.

Eldorado Resorts Profile

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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