Thomas Reeg Acquires 1,000 Shares of Eldorado Resorts, Inc. (ERI) Stock
Eldorado Resorts, Inc. (NASDAQ:ERI) insider Thomas Reeg bought 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was purchased at an average price of $23.20 per share, with a total value of $23,200.00. Following the transaction, the insider now owns 47,200 shares in the company, valued at approximately $1,095,040. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Thomas Reeg also recently made the following trade(s):
- On Friday, June 16th, Thomas Reeg bought 2,500 shares of Eldorado Resorts stock. The stock was purchased at an average price of $20.03 per share, with a total value of $50,075.00.
Eldorado Resorts, Inc. (NASDAQ ERI) traded up 0.43% on Friday, reaching $23.20. The company had a trading volume of 209,253 shares. Eldorado Resorts, Inc. has a one year low of $10.65 and a one year high of $23.50. The company has a 50-day moving average of $20.91 and a 200 day moving average of $19.50.
Eldorado Resorts (NASDAQ:ERI) last released its quarterly earnings results on Tuesday, August 8th. The company reported ($0.70) earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by $0.95. Eldorado Resorts had a negative net margin of 3.38% and a negative return on equity of 8.03%. The business had revenue of $355.20 million during the quarter, compared to analyst estimates of $354.15 million. The company’s revenue for the quarter was up 53.6% compared to the same quarter last year. Equities analysts expect that Eldorado Resorts, Inc. will post ($0.29) earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in ERI. Citigroup Inc. increased its stake in Eldorado Resorts by 58,900.0% in the second quarter. Citigroup Inc. now owns 5,900 shares of the company’s stock worth $118,000 after buying an additional 5,890 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Eldorado Resorts during the first quarter worth $140,000. BNP Paribas Arbitrage SA increased its stake in 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 buying an additional 7,640 shares during the last quarter. Victory Capital Management Inc. increased its stake in 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 buying an additional 1,209 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado acquired a new stake in Eldorado Resorts during the second quarter worth $174,000. Institutional investors own 65.18% of the company’s stock.
Several research analysts have recently commented on the company. Zacks Investment Research lowered Eldorado Resorts from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. BidaskClub upgraded Eldorado Resorts from a “hold” rating to a “buy” rating in a research report on Tuesday, August 15th. Imperial Capital lifted their target price on Eldorado Resorts from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. TheStreet upgraded Eldorado Resorts from a “d+” rating to a “c” rating in a research report on Wednesday, May 17th. Finally, J P Morgan Chase & Co began coverage on Eldorado Resorts in a research report on Thursday, July 20th. They issued an “overweight” rating and a $24.00 target price for the company. One analyst has rated the stock with a sell rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $25.00.
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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