New York State Common Retirement Fund lifted its holdings in Eldorado Resorts, Inc. (NASDAQ:ERI) by 46.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,000 shares of the company’s stock after purchasing an additional 15,199 shares during the quarter. New York State Common Retirement Fund owned 0.06% of Eldorado Resorts worth $960,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Oppenheimer Asset Management Inc. purchased a new position in shares of Eldorado Resorts in the first quarter worth $140,000. BNP Paribas Arbitrage SA raised its stake in shares of Eldorado Resorts by 8,127.7% in 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. raised its stake in shares of Eldorado Resorts by 17.6% in 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. Public Employees Retirement Association of Colorado purchased a new position in shares of Eldorado Resorts in the second quarter worth $174,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of Eldorado Resorts in the second quarter worth $208,000. Hedge funds and other institutional investors own 71.05% of the company’s stock.

Shares of Eldorado Resorts, Inc. (ERI) opened at $28.00 on Friday. Eldorado Resorts, Inc. has a fifty-two week low of $10.65 and a fifty-two week high of $30.00. The company has a quick ratio of 1.37, a current ratio of 1.44 and a debt-to-equity ratio of 2.68.

Eldorado Resorts (NASDAQ:ERI) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.02. Eldorado Resorts had a negative return on equity of 3.40% and a negative net margin of 1.20%. The business had revenue of $444.87 million during the quarter, compared to analyst estimates of $448.30 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. Eldorado Resorts’s revenue for the quarter was down 1.0% on a year-over-year basis. equities analysts predict that Eldorado Resorts, Inc. will post -0.29 earnings per share for the current fiscal year.

A number of research firms recently commented on ERI. SunTrust Banks, Inc. reiterated a “buy” rating and set a $29.00 price objective on shares of Eldorado Resorts in a research report on Friday. TheStreet upgraded Eldorado Resorts from a “c” rating to a “b-” rating in a research report on Wednesday. BidaskClub upgraded Eldorado Resorts from a “sell” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research upgraded Eldorado Resorts from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Finally, Deutsche Bank AG began coverage on Eldorado Resorts in a research report on Monday, September 25th. They set a “buy” rating and a $32.00 price objective for the company. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $27.75.

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Eldorado Resorts 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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