Eldorado Resorts, Inc. (NASDAQ:ERI) Director Bonnie Biumi sold 13,079 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $29.50, for a total value of $385,830.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Eldorado Resorts, Inc. (NASDAQ:ERI) traded down $0.05 during trading hours on Friday, reaching $29.20. The company’s stock had a trading volume of 430,072 shares, compared to its average volume of 712,696. Eldorado Resorts, Inc. has a 52-week low of $13.00 and a 52-week high of $30.00. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.78 and a quick ratio of 1.71.
Eldorado Resorts (NASDAQ:ERI) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. Eldorado Resorts had a negative return on equity of 2.83% and a negative net margin of 1.20%. The firm had revenue of $444.87 million during the quarter, compared to the consensus estimate of $448.30 million. During the same quarter in the prior year, the firm posted $0.20 EPS. The business’s revenue was down 1.0% on a year-over-year basis. sell-side analysts forecast that Eldorado Resorts, Inc. will post -0.08 earnings per share for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in ERI. Citigroup Inc. boosted its position in Eldorado Resorts by 58,900.0% during the 2nd quarter. Citigroup Inc. now owns 5,900 shares of the company’s stock worth $118,000 after acquiring an additional 5,890 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Eldorado Resorts by 8,127.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,734 shares of the company’s stock worth $155,000 after acquiring an additional 7,640 shares during the last quarter. Victory Capital Management Inc. boosted its position in Eldorado Resorts by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 8,062 shares of the company’s stock worth $161,000 after acquiring an additional 1,209 shares during the last quarter. Public Employees Retirement Association of Colorado bought a new stake in shares of Eldorado Resorts during the 2nd quarter worth approximately $174,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Eldorado Resorts during the 2nd quarter worth approximately $208,000. 73.50% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on ERI shares. BidaskClub lowered Eldorado Resorts from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $29.00 price objective on shares of Eldorado Resorts in a research report on Friday, November 3rd. J P Morgan Chase & Co boosted their price objective on Eldorado Resorts from $29.00 to $31.00 and gave the company an “overweight” rating in a research report on Wednesday. TheStreet upgraded Eldorado Resorts from a “c” rating to a “b-” rating in a research report on Wednesday, November 1st. Finally, Deutsche Bank AG initiated coverage on Eldorado Resorts in a research report on Monday, September 25th. They set a “buy” rating and a $32.00 price target for the company. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $30.00.
About Eldorado Resorts
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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