California State Teachers Retirement System grew its position in shares of Eldorado Resorts, Inc. (NASDAQ:ERI) by 45.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,724 shares of the company’s stock after buying an additional 25,351 shares during the period. California State Teachers Retirement System’s holdings in Eldorado Resorts were worth $1,634,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ERI. Renaissance Technologies LLC lifted its position in shares of Eldorado Resorts by 204.2% during the 2nd quarter. Renaissance Technologies LLC now owns 2,419,521 shares of the company’s stock valued at $48,390,000 after buying an additional 1,624,021 shares during the last quarter. FMR LLC lifted its position in shares of Eldorado Resorts by 75.0% during the 2nd quarter. FMR LLC now owns 3,389,255 shares of the company’s stock valued at $67,785,000 after buying an additional 1,452,155 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Eldorado Resorts by 11,003.8% during the 2nd quarter. Principal Financial Group Inc. now owns 1,164,679 shares of the company’s stock valued at $23,294,000 after buying an additional 1,154,190 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Eldorado Resorts by 78.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,957,282 shares of the company’s stock worth $39,146,000 after purchasing an additional 859,537 shares in the last quarter. Finally, Westfield Capital Management Co. LP lifted its holdings in Eldorado Resorts by 41.1% during the 2nd quarter. Westfield Capital Management Co. LP now owns 2,147,812 shares of the company’s stock worth $42,956,000 after purchasing an additional 625,911 shares in the last quarter. 73.50% of the stock is currently owned by hedge funds and other institutional investors.

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In other Eldorado Resorts news, Director David P. Tomick bought 1,700 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were acquired at an average cost of $28.70 per share, for a total transaction of $48,790.00. Following the purchase, the director now directly owns 10,400 shares of the company’s stock, valued at $298,480. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Bonnie Biumi sold 13,079 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $29.50, for a total value of $385,830.50. The disclosure for this sale can be found here. 1.18% of the stock is owned by corporate insiders.

Shares of Eldorado Resorts, Inc. (ERI) opened at $29.20 on Friday. 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, Inc. has a 1-year low of $13.00 and a 1-year high of $30.00.

Eldorado Resorts (NASDAQ:ERI) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The business had revenue of $444.87 million for the quarter, compared to analysts’ expectations of $448.30 million. Eldorado Resorts had a negative return on equity of 2.83% and a negative net margin of 1.20%. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.20 EPS. equities analysts predict that Eldorado Resorts, Inc. will post -0.08 earnings per share for the current year.

ERI has been the topic of a number of recent research reports. TheStreet raised Eldorado Resorts from a “c” rating to a “b-” rating in a report on Wednesday, November 1st. BidaskClub raised Eldorado Resorts from a “hold” rating to a “buy” rating in a report on Tuesday, August 15th. Deutsche Bank AG initiated coverage on Eldorado Resorts in a report on Monday, September 25th. They set a “buy” rating and a $32.00 price objective on the stock. SunTrust Banks, Inc. reissued a “buy” rating and set a $22.00 price objective on shares of Eldorado Resorts in a report on Tuesday, October 24th. Finally, Zacks Investment Research raised Eldorado Resorts from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Tuesday, November 7th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $30.00.

Eldorado Resorts 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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