Oberweis Asset Management Inc. raised its holdings in Eldorado Resorts Inc (NASDAQ:ERI) by 5.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 105,963 shares of the company’s stock after acquiring an additional 5,730 shares during the period. Oberweis Asset Management Inc. owned about 0.14% of Eldorado Resorts worth $3,837,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Strategic Wealth Partners Ltd. grew its holdings in shares of Eldorado Resorts by 132.6% during the third quarter. Strategic Wealth Partners Ltd. now owns 877 shares of the company’s stock worth $43,000 after purchasing an additional 500 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Eldorado Resorts by 23.9% in the fourth quarter. Bank of Montreal Can now owns 4,269 shares of the company’s stock worth $154,000 after acquiring an additional 824 shares during the period. FNY Investment Advisers LLC lifted its stake in shares of Eldorado Resorts by 127.5% in the fourth quarter. FNY Investment Advisers LLC now owns 4,866 shares of the company’s stock worth $176,000 after acquiring an additional 2,727 shares during the period. Invictus RG acquired a new position in shares of Eldorado Resorts in the third quarter worth approximately $268,000. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of Eldorado Resorts by 7.1% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 5,541 shares of the company’s stock worth $201,000 after acquiring an additional 365 shares during the period. Institutional investors own 88.53% of the company’s stock.

ERI traded up $1.19 during trading on Friday, hitting $47.58. The company’s stock had a trading volume of 253,900 shares, compared to its average volume of 823,162. Eldorado Resorts Inc has a twelve month low of $31.25 and a twelve month high of $50.97. The company has a debt-to-equity ratio of 4.10, a quick ratio of 1.37 and a current ratio of 1.43. The firm has a market cap of $3.59 billion, a PE ratio of 34.48, a price-to-earnings-growth ratio of 0.99 and a beta of 1.78.

Eldorado Resorts (NASDAQ:ERI) last issued its earnings results on Wednesday, February 27th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.35). Eldorado Resorts had a return on equity of 10.75% and a net margin of 4.63%. The firm had revenue of $671.76 million for the quarter, compared to analyst estimates of $678.34 million. During the same period in the previous year, the company earned $1.14 earnings per share. Eldorado Resorts’s revenue for the quarter was up 56.3% compared to the same quarter last year. Research analysts predict that Eldorado Resorts Inc will post 2.36 EPS for the current fiscal year.

A number of equities analysts recently commented on the company. BidaskClub lowered Eldorado Resorts from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research lowered Eldorado Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday, January 9th. JPMorgan Chase & Co. set a $60.00 price objective on Eldorado Resorts and gave the stock a “buy” rating in a research note on Friday, January 18th. Jefferies Financial Group set a $57.00 price objective on Eldorado Resorts and gave the stock a “buy” rating in a research note on Monday, November 26th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Eldorado Resorts in a research note on Thursday, February 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $51.27.

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Eldorado Resorts Profile

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

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