Parametric Portfolio Associates LLC boosted its position in Eldorado Resorts, Inc. (NASDAQ:ERI) by 107.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 156,144 shares of the company’s stock after purchasing an additional 80,860 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.21% of Eldorado Resorts worth $3,123,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. American International Group Inc. raised its stake in Eldorado Resorts by 7.1% in the 1st quarter. American International Group Inc. now owns 17,642 shares of the company’s stock valued at $334,000 after purchasing an additional 1,170 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Eldorado Resorts by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 8,062 shares of the company’s stock valued at $161,000 after acquiring an additional 1,209 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Eldorado Resorts by 3.2% during the 1st quarter. Teachers Advisors LLC now owns 50,803 shares of the company’s stock valued at $961,000 after acquiring an additional 1,558 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Eldorado Resorts by 22.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 15,880 shares of the company’s stock valued at $300,000 after acquiring an additional 2,940 shares during the last quarter. Finally, Virginia Retirement Systems ET AL increased its stake in shares of Eldorado Resorts by 21.3% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 18,200 shares of the company’s stock valued at $364,000 after acquiring an additional 3,200 shares during the last quarter. 71.05% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on the stock. BidaskClub downgraded shares of Eldorado Resorts from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. J P Morgan Chase & Co assumed coverage on shares of Eldorado Resorts in a research note on Thursday, July 20th. They set an “overweight” rating and a $24.00 price objective for the company. Deutsche Bank AG assumed coverage on shares of Eldorado Resorts in a research note on Monday, September 25th. They set a “buy” rating and a $32.00 price objective for the company. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $22.00 price objective on shares of Eldorado Resorts in a research note on Tuesday, October 24th. Finally, Zacks Investment Research raised shares of Eldorado Resorts from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Eldorado Resorts presently has an average rating of “Buy” and a consensus price target of $26.00.

Eldorado Resorts (NASDAQ:ERI) last announced 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. The firm had revenue of $444.87 million during the quarter, compared to the consensus estimate of $448.30 million. Eldorado Resorts had a negative return on equity of 8.03% and a negative net margin of 3.38%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.20 EPS.

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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.

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

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