Gamco Investors INC. ET AL bought a new stake in Eldorado Resorts Inc (NASDAQ:ERI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,200 shares of the company’s stock, valued at approximately $206,000.

A number of other large investors have also bought and sold shares of the stock. Victory Capital Management Inc. purchased a new position in Eldorado Resorts in the fourth quarter valued at $23,360,000. Quantitative Systematic Strategies LLC purchased a new position in Eldorado Resorts in the fourth quarter valued at $223,000. Three Peaks Capital Management LLC increased its holdings in Eldorado Resorts by 24.0% in the fourth quarter. Three Peaks Capital Management LLC now owns 440,911 shares of the company’s stock valued at $14,616,000 after buying an additional 85,217 shares during the last quarter. Frontier Capital Management Co. LLC purchased a new position in Eldorado Resorts in the fourth quarter valued at $9,082,000. Finally, Fox Run Management L.L.C. purchased a new position in Eldorado Resorts in the fourth quarter valued at $1,066,000. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

Eldorado Resorts Inc (NASDAQ ERI) opened at $32.30 on Thursday. The company has a quick ratio of 1.71, a current ratio of 1.78 and a debt-to-equity ratio of 2.60. Eldorado Resorts Inc has a 12 month low of $15.77 and a 12 month high of $35.30.

Several research firms recently commented on ERI. BidaskClub lowered Eldorado Resorts from a “strong-buy” rating to a “buy” rating in a report on Wednesday. SunTrust Banks reissued an “average” rating and issued a $36.00 target price on shares of Eldorado Resorts in a report on Monday, February 5th. Jefferies Group began coverage on Eldorado Resorts in a report on Thursday, January 18th. They issued a “buy” rating and a $40.00 target price on the stock. Zacks Investment Research downgraded shares of Eldorado Resorts from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Eldorado Resorts from $29.00 to $31.00 and gave the company an “overweight” rating in a research note on Wednesday, November 15th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $32.83.

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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.

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

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