Dupont Capital Management Corp acquired a new stake in Eldorado Resorts Inc (NASDAQ:ERI) in the fourth quarter, HoldingsChannel reports. The fund acquired 61,298 shares of the company’s stock, valued at approximately $2,220,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. MetLife Investment Advisors LLC grew its holdings in shares of Eldorado Resorts by 179.4% in the third quarter. MetLife Investment Advisors LLC now owns 84,103 shares of the company’s stock valued at $4,087,000 after purchasing an additional 54,007 shares during the period. Securian Asset Management Inc purchased a new position in Eldorado Resorts during the third quarter worth about $387,000. Adams Diversified Equity Fund Inc. purchased a new position in Eldorado Resorts during the third quarter worth about $792,000. Frontier Capital Management Co. LLC boosted its stake in Eldorado Resorts by 42.7% during the fourth quarter. Frontier Capital Management Co. LLC now owns 3,667,359 shares of the company’s stock worth $132,795,000 after buying an additional 1,097,571 shares during the period. Finally, Falcon Point Capital LLC boosted its stake in Eldorado Resorts by 7.1% during the third quarter. Falcon Point Capital LLC now owns 313,150 shares of the company’s stock worth $15,219,000 after buying an additional 20,782 shares during the period. 97.15% of the stock is owned by hedge funds and other institutional investors.
ERI has been the subject of several research analyst reports. BidaskClub lowered shares of Eldorado Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. ValuEngine raised shares of Eldorado Resorts from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Deutsche Bank set a $54.00 price objective on shares of Eldorado Resorts and gave the company a “buy” rating in a research note on Saturday, November 10th. Roth Capital raised their price objective on shares of Eldorado Resorts from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 13th. Finally, Zacks Investment Research raised shares of Eldorado Resorts from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Wednesday, November 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $51.49.
NASDAQ ERI opened at $45.84 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.63 and a debt-to-equity ratio of 2.86. Eldorado Resorts Inc has a one year low of $29.16 and a one year high of $50.64. The company has a market capitalization of $3.60 billion, a PE ratio of 4,584.00, a price-to-earnings-growth ratio of 0.87 and a beta of 1.80.
Eldorado Resorts (NASDAQ:ERI) last posted its quarterly earnings data on Thursday, November 8th. The company reported $0.52 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 analysts’ expectations of $494.60 million. During the same period in the previous year, the business posted $0.38 EPS. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities research analysts anticipate that Eldorado Resorts Inc will post 1.71 earnings per share for the current year.
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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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