Virginia Retirement Systems ET AL reduced its stake in shares of Eldorado Resorts Inc (NASDAQ:ERI) by 11.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,600 shares of the company’s stock after selling 2,900 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Eldorado Resorts were worth $884,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ERI. Bank of Montreal Can grew its stake in shares of Eldorado Resorts by 282.7% during the second quarter. Bank of Montreal Can now owns 3,341 shares of the company’s stock valued at $130,000 after buying an additional 2,468 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of Eldorado Resorts during the second quarter valued at about $185,000. Bluestein R H & Co. bought a new position in shares of Eldorado Resorts during the first quarter valued at about $254,000. Quantitative Systematic Strategies LLC grew its stake in shares of Eldorado Resorts by 74.8% during the first quarter. Quantitative Systematic Strategies LLC now owns 11,768 shares of the company’s stock valued at $388,000 after buying an additional 5,034 shares during the last quarter. Finally, Amalgamated Bank grew its stake in shares of Eldorado Resorts by 60.9% in the second quarter. Amalgamated Bank now owns 10,064 shares of the company’s stock worth $394,000 after purchasing an additional 3,811 shares during the last quarter. 88.17% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ ERI opened at $46.40 on Tuesday. Eldorado Resorts Inc has a twelve month low of $22.10 and a twelve month high of $47.15. The company has a market capitalization of $3.55 billion, a P/E ratio of 4,640.00 and a beta of 1.05. The company has a quick ratio of 2.25, a current ratio of 2.32 and a debt-to-equity ratio of 2.20.

Eldorado Resorts (NASDAQ:ERI) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.05). Eldorado Resorts had a return on equity of 11.64% and a net margin of 9.99%. The firm had revenue of $456.80 million during the quarter, compared to analysts’ expectations of $461.57 million. During the same quarter in the previous year, the firm earned ($0.68) earnings per share. Eldorado Resorts’s revenue was up 21.6% on a year-over-year basis. sell-side analysts expect that Eldorado Resorts Inc will post 1.84 earnings per share for the current fiscal year.

In other news, Director James B. Hawkins acquired 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The stock was bought at an average cost of $42.45 per share, for a total transaction of $169,800.00. Following the acquisition, the director now directly owns 107,832 shares in the company, valued at $4,577,468.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Thomas Reeg bought 1,500 shares of the business’s stock in a transaction on Thursday, May 24th. The stock was bought at an average cost of $43.03 per share, with a total value of $64,545.00. Following the transaction, the chief financial officer now owns 122,485 shares in the company, valued at approximately $5,270,529.55. The disclosure for this purchase can be found here. 1.50% of the stock is owned by insiders.

Several analysts recently issued reports on the company. BidaskClub raised Eldorado Resorts from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 17th. Roth Capital raised their target price on Eldorado Resorts from $56.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, June 12th. Nomura assumed coverage on Eldorado Resorts in a research note on Tuesday, May 8th. They issued a “neutral” rating and a $47.00 target price on the stock. Telsey Advisory Group raised their target price on Eldorado Resorts from $48.00 to $53.00 and gave the stock an “outperform” rating in a research note on Thursday, May 31st. Finally, ValuEngine raised Eldorado Resorts from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $46.94.

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

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