Quad Capital Management Advisors LLC lifted its holdings in Eldorado Resorts Inc (NASDAQ:ERI) by 231.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,394 shares of the company’s stock after purchasing an additional 10,053 shares during the quarter. Eldorado Resorts accounts for approximately 0.3% of Quad Capital Management Advisors LLC’s holdings, making the stock its 17th largest position. Quad Capital Management Advisors LLC’s holdings in Eldorado Resorts were worth $521,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Eldorado Resorts by 2.9% in the fourth quarter. BlackRock Inc. now owns 7,447,282 shares of the company’s stock worth $269,667,000 after purchasing an additional 208,199 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Eldorado Resorts by 6.2% in the third quarter. Vanguard Group Inc. now owns 5,313,352 shares of the company’s stock valued at $258,228,000 after buying an additional 310,483 shares during the period. Vanguard Group Inc lifted its holdings in shares of Eldorado Resorts by 6.2% in the third quarter. Vanguard Group Inc now owns 5,313,352 shares of the company’s stock valued at $258,228,000 after buying an additional 310,483 shares during the period. Frontier Capital Management Co. LLC lifted its holdings in shares of Eldorado Resorts by 42.7% in the fourth quarter. Frontier Capital Management Co. LLC now owns 3,667,359 shares of the company’s stock valued at $132,795,000 after buying an additional 1,097,571 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Eldorado Resorts by 4.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,062,610 shares of the company’s stock valued at $38,477,000 after buying an additional 42,410 shares during the period. 88.93% of the stock is owned by institutional investors.

NASDAQ:ERI traded down $0.12 during trading hours on Thursday, hitting $47.88. 260,788 shares of the company’s stock traded hands, compared to its average volume of 950,154. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of 34.70, a PEG ratio of 1.04 and a beta of 1.78. Eldorado Resorts Inc has a twelve month low of $31.25 and a twelve month high of $51.05. The company has a current ratio of 1.43, a quick ratio of 1.37 and a debt-to-equity ratio of 4.10.

Eldorado Resorts (NASDAQ:ERI) last posted its quarterly earnings results on Wednesday, February 27th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.35). The business had revenue of $671.76 million for the quarter, compared to analyst estimates of $678.34 million. Eldorado Resorts had a net margin of 4.63% and a return on equity of 10.75%. The firm’s quarterly revenue was up 56.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.14 earnings per share. Equities analysts forecast that Eldorado Resorts Inc will post 2.36 earnings per share for the current year.

ERI has been the subject of several analyst reports. ValuEngine raised Eldorado Resorts from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Zacks Investment Research downgraded Eldorado Resorts from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 23rd. BidaskClub raised Eldorado Resorts from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. Nomura upped their target price on Eldorado Resorts from $38.00 to $42.00 and gave the company a “neutral” rating in a report on Thursday, February 28th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $56.00 target price on shares of Eldorado Resorts in a report on Thursday, February 28th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $51.27.

ILLEGAL ACTIVITY NOTICE: This report was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The legal version of this report can be viewed at https://www.watchlistnews.com/eldorado-resorts-inc-eri-stake-lifted-by-quad-capital-management-advisors-llc/2923687.html.

Eldorado Resorts Company Profile

Eldorado Resorts, Inc operates as a gaming and hospitality company in the United States. It owns and operates Eldorado Resort Casino Reno, a hotel, casino, and entertainment facility; Silver Legacy Resort Casino, a themed hotel and casino; Circus Circus Reno, a hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, a hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, a 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.

Recommended Story: Call Option Volume

Want to see what other hedge funds are holding ERI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eldorado Resorts Inc (NASDAQ:ERI).

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

Receive News & Ratings for Eldorado Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eldorado Resorts and related companies with MarketBeat.com's FREE daily email newsletter.