BNP Paribas Arbitrage SA lessened its holdings in Eldorado Resorts Inc (NASDAQ:ERI) by 37.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,855 shares of the company’s stock after selling 2,879 shares during the period. BNP Paribas Arbitrage SA’s holdings in Eldorado Resorts were worth $125,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Monarch Partners Asset Management LLC raised its holdings in Eldorado Resorts by 25.3% in the 3rd quarter. Monarch Partners Asset Management LLC now owns 640,385 shares of the company’s stock worth $16,426,000 after acquiring an additional 129,340 shares during the period. State Board of Administration of Florida Retirement System raised its holdings in Eldorado Resorts by 14.0% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 51,954 shares of the company’s stock worth $1,333,000 after acquiring an additional 6,386 shares during the period. Raymond James Financial Services Advisors Inc. bought a new position in Eldorado Resorts in the 3rd quarter worth $231,000. Peregrine Capital Management LLC raised its holdings in Eldorado Resorts by 130.0% in the 3rd quarter. Peregrine Capital Management LLC now owns 1,584,460 shares of the company’s stock worth $40,641,000 after acquiring an additional 895,489 shares during the period. Finally, Vaughan Nelson Investment Management L.P. bought a new position in Eldorado Resorts in the 3rd quarter worth $26,211,000. 81.23% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently commented on ERI shares. Zacks Investment Research upgraded shares of Eldorado Resorts from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Tuesday, November 7th. BidaskClub upgraded shares of Eldorado Resorts from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 7th. J P Morgan Chase & Co boosted their price objective on shares of Eldorado Resorts from $29.00 to $31.00 and gave the stock an “overweight” rating in a report on Wednesday, November 15th. SunTrust Banks restated a “buy” rating and set a $22.00 price objective on shares of Eldorado Resorts in a report on Tuesday, October 24th. Finally, Deutsche Bank started coverage on shares of Eldorado Resorts in a report on Monday, September 25th. They set a “buy” rating and a $32.00 price objective on the stock. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $30.00.

In related news, Director Bonnie Biumi sold 13,079 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $29.50, for a total value of $385,830.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David P. Tomick bought 1,700 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average cost of $28.70 per share, for a total transaction of $48,790.00. Following the purchase, the director now owns 10,400 shares of the company’s stock, valued at $298,480. The disclosure for this purchase can be found here. Insiders own 1.18% of the company’s stock.

Eldorado Resorts Inc (NASDAQ ERI) opened at $32.15 on Friday. Eldorado Resorts Inc has a twelve month low of $14.90 and a twelve month high of $34.03. The company has a current ratio of 1.78, a quick ratio of 1.71 and a debt-to-equity ratio of 2.60.

Eldorado Resorts (NASDAQ:ERI) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.02. Eldorado Resorts had a negative net margin of 1.20% and a negative return on equity of 2.83%. The company had revenue of $444.87 million for the quarter, compared to the consensus estimate of $448.30 million. During the same quarter in the previous year, the firm posted $0.20 EPS. The business’s revenue was down 1.0% compared to the same quarter last year. equities research analysts forecast that Eldorado Resorts Inc will post -0.08 earnings per share for the current year.

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

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