Dynamic Technology Lab Private Ltd acquired a new stake in Eldorado Resorts, Inc. (NASDAQ:ERI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,481 shares of the company’s stock, valued at approximately $210,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Citigroup Inc. grew its holdings in Eldorado Resorts by 58,900.0% during the 2nd quarter. Citigroup Inc. now owns 5,900 shares of the company’s stock valued at $118,000 after buying an additional 5,890 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Eldorado Resorts during the first quarter worth $140,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Eldorado Resorts by 8,127.7% during the second quarter. BNP Paribas Arbitrage SA now owns 7,734 shares of the company’s stock worth $155,000 after purchasing an additional 7,640 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Eldorado Resorts by 17.6% during the second quarter. Victory Capital Management Inc. now owns 8,062 shares of the company’s stock worth $161,000 after purchasing an additional 1,209 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado acquired a new stake in shares of Eldorado Resorts during the second quarter worth $174,000. 71.05% of the stock is owned by hedge funds and other institutional investors.
Eldorado Resorts (NASDAQ:ERI) last announced its earnings results on Tuesday, August 8th. The company reported ($0.70) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.95). Eldorado Resorts had a negative net margin of 3.38% and a negative return on equity of 8.03%. The firm had revenue of $355.20 million for the quarter, compared to analyst estimates of $354.15 million. Eldorado Resorts’s quarterly revenue was up 53.6% on a year-over-year basis.
Several equities research analysts have recently issued reports on ERI shares. BidaskClub cut Eldorado Resorts from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 26th. Deutsche Bank AG started coverage on Eldorado Resorts in a report on Monday, September 25th. They set a “buy” rating and a $32.00 price objective on the stock. SunTrust Banks, Inc. restated a “buy” rating and set a $22.00 price objective on shares of Eldorado Resorts in a report on Tuesday, October 24th. Zacks Investment Research upgraded Eldorado Resorts from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, J P Morgan Chase & Co started coverage on Eldorado Resorts in a report on Thursday, July 20th. They set an “overweight” rating and a $24.00 price objective on the stock. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Eldorado Resorts has a consensus rating of “Buy” and an average price target of $26.00.
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Eldorado Resorts Company Profile
Eldorado Resorts, Inc is a gaming and hospitality company that owns and operates gaming facilities located in Ohio, Louisiana, Nevada, Pennsylvania and West Virginia. The Company’s segments are Nevada, Louisiana, Eastern and Corporate. As of May 1, 2017, the Company owned and operated approximately 503,000 square feet of casino space with approximately 20,000 slot machines and video lottery terminals (VLTs), over 550 table and poker games, 45 restaurants and 6,500 hotel rooms.
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