Eldorado Resorts Inc (ERI) CFO Thomas Reeg Purchases 3,000 Shares
Eldorado Resorts Inc (NASDAQ:ERI) CFO Thomas Reeg acquired 3,000 shares of the stock in a transaction that occurred on Tuesday, November 13th. The shares were bought at an average price of $33.70 per share, with a total value of $101,100.00. Following the completion of the purchase, the chief financial officer now owns 125,485 shares in the company, valued at $4,228,844.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of ERI stock opened at $35.00 on Wednesday. The company has a quick ratio of 2.25, a current ratio of 1.63 and a debt-to-equity ratio of 2.86. Eldorado Resorts Inc has a 1 year low of $28.25 and a 1 year high of $50.64. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 3,500.00, a price-to-earnings-growth ratio of 1.03 and a beta of 1.47.
Eldorado Resorts (NASDAQ:ERI) last announced its quarterly earnings results on Thursday, November 8th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.10). Eldorado Resorts had a return on equity of 12.38% and a net margin of 10.21%. The business had revenue of $487.25 million for the quarter, compared to analyst estimates of $494.60 million. During the same quarter last year, the firm posted $0.38 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. Equities analysts expect that Eldorado Resorts Inc will post 1.61 EPS for the current year.
A number of hedge funds have recently made changes to their positions in ERI. Royal Bank of Canada lifted its holdings in shares of Eldorado Resorts by 352.3% in the first quarter. Royal Bank of Canada now owns 14,587 shares of the company’s stock valued at $481,000 after buying an additional 11,362 shares during the period. Allianz Asset Management GmbH lifted its holdings in shares of Eldorado Resorts by 9.1% in the first quarter. Allianz Asset Management GmbH now owns 44,733 shares of the company’s stock valued at $1,476,000 after buying an additional 3,732 shares during the period. Bank of Montreal Can lifted its holdings in shares of Eldorado Resorts by 282.7% in 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 period. FNY Investment Advisers LLC acquired a new stake in shares of Eldorado Resorts in the second quarter valued at $185,000. Finally, Amalgamated Bank lifted its holdings in shares of Eldorado Resorts by 60.9% in the second quarter. Amalgamated Bank now owns 10,064 shares of the company’s stock valued at $394,000 after buying an additional 3,811 shares during the period. Institutional investors own 91.63% of the company’s stock.
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About Eldorado Resorts
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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