Epoch Investment Partners Inc. reduced its position in shares of Eldorado Resorts Inc (NASDAQ:ERI) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 425,435 shares of the company’s stock after selling 13,339 shares during the period. Epoch Investment Partners Inc. owned approximately 0.55% of Eldorado Resorts worth $20,676,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in ERI. Bank of Montreal Can increased its stake in Eldorado Resorts by 282.7% during the 2nd quarter. Bank of Montreal Can now owns 3,341 shares of the company’s stock worth $130,000 after acquiring an additional 2,468 shares during the period. Strs Ohio bought a new position in Eldorado Resorts during the 2nd quarter worth $156,000. Oppenheimer Asset Management Inc. bought a new position in Eldorado Resorts during the 3rd quarter worth $252,000. Invictus RG bought a new position in Eldorado Resorts during the 3rd quarter worth $268,000. Finally, Hsbc Holdings PLC bought a new position in Eldorado Resorts during the 3rd quarter worth $277,000. 94.84% of the stock is owned by institutional investors and hedge funds.
Shares of ERI opened at $38.37 on Friday. Eldorado Resorts Inc has a 52-week low of $29.16 and a 52-week high of $50.64. The company has a debt-to-equity ratio of 2.86, a quick ratio of 1.57 and a current ratio of 1.63. The firm has a market capitalization of $3.12 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 1.08 and a beta of 1.51.
Eldorado Resorts (NASDAQ:ERI) last issued its quarterly earnings results on Thursday, November 8th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.10). Eldorado Resorts had a net margin of 10.21% and a return on equity of 12.38%. The business had revenue of $487.25 million during the quarter, compared to the consensus estimate of $494.60 million. During the same quarter in the previous year, the business posted $0.38 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities research analysts expect that Eldorado Resorts Inc will post 1.87 earnings per share for the current year.
In other news, Director Michael E. Pegram acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The shares were bought at an average price of $33.91 per share, with a total value of $339,100.00. Following the acquisition, the director now directly owns 100,529 shares in the company, valued at approximately $3,408,938.39. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David P. Tomick acquired 700 shares of the business’s stock in a transaction that occurred on Friday, November 30th. The shares were purchased at an average cost of $43.83 per share, for a total transaction of $30,681.00. The disclosure for this purchase can be found here. In the last quarter, insiders bought 13,700 shares of company stock worth $470,881. Corporate insiders own 1.50% of the company’s stock.
A number of research firms have commented on ERI. BidaskClub upgraded Eldorado Resorts from a “hold” rating to a “buy” rating in a research note on Saturday, August 25th. Deutsche Bank set a $54.00 price target on Eldorado Resorts and gave the company a “buy” rating in a research note on Saturday, November 10th. Zacks Investment Research lowered Eldorado Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday. Jefferies Financial Group set a $57.00 price target on Eldorado Resorts and gave the company a “buy” rating in a research note on Monday, November 26th. Finally, ValuEngine upgraded Eldorado Resorts from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $51.38.
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Eldorado Resorts Company Profile
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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