Rhumbline Advisers grew its stake in Eldorado Resorts Inc (NASDAQ:ERI) by 0.7% during the first quarter, HoldingsChannel reports. The firm owned 199,082 shares of the company’s stock after purchasing an additional 1,383 shares during the period. Rhumbline Advisers’ holdings in Eldorado Resorts were worth $9,295,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of ERI. Sapphire Star Partners LP raised its stake in shares of Eldorado Resorts by 2.7% in the fourth quarter. Sapphire Star Partners LP now owns 12,597 shares of the company’s stock valued at $456,000 after buying an additional 335 shares during the period. Oppenheimer Asset Management Inc. raised 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 valued at $201,000 after buying an additional 365 shares during the period. Retirement Systems of Alabama raised its stake in shares of Eldorado Resorts by 0.5% in the first quarter. Retirement Systems of Alabama now owns 84,672 shares of the company’s stock valued at $3,953,000 after buying an additional 414 shares during the period. Arizona State Retirement System raised its stake in shares of Eldorado Resorts by 1.2% in the fourth quarter. Arizona State Retirement System now owns 46,659 shares of the company’s stock valued at $1,690,000 after buying an additional 531 shares during the period. Finally, Comerica Bank raised its stake in shares of Eldorado Resorts by 0.8% in the fourth quarter. Comerica Bank now owns 68,739 shares of the company’s stock valued at $3,032,000 after buying an additional 549 shares during the period. Institutional investors own 88.13% of the company’s stock.

Shares of NASDAQ ERI opened at $48.46 on Monday. The firm has a market capitalization of $3.75 billion, a PE ratio of 35.12, a P/E/G ratio of 1.04 and a beta of 1.73. Eldorado Resorts Inc has a fifty-two week low of $31.86 and a fifty-two week high of $51.67. The company has a debt-to-equity ratio of 3.78, a current ratio of 0.98 and a quick ratio of 0.93.

Eldorado Resorts (NASDAQ:ERI) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.10. The company had revenue of $627.75 million during the quarter, compared to analysts’ expectations of $660.92 million. Eldorado Resorts had a return on equity of 11.41% and a net margin of 5.00%. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 earnings per share. As a group, equities research analysts predict that Eldorado Resorts Inc will post 2.34 earnings per share for the current year.

ERI has been the subject of several recent research reports. Deutsche Bank reiterated a “buy” rating and issued a $54.00 price target on shares of Eldorado Resorts in a research report on Wednesday, January 23rd. Roth Capital reiterated a “buy” rating on shares of Eldorado Resorts in a research report on Thursday, February 28th. Jefferies Financial Group set a $58.00 price target on Eldorado Resorts and gave the company a “buy” rating in a research report on Thursday, February 28th. ValuEngine upgraded Eldorado Resorts from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Finally, BidaskClub cut Eldorado Resorts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 6th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $53.43.

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Eldorado Resorts Company Profile

Eldorado Resorts, Inc operates as a gaming and hospitality company in the United States. It owns and operates Eldorado Resort Casino Reno, a hotel, casino, and entertainment facility; Silver Legacy Resort Casino, a themed hotel and casino; Circus Circus Reno, a hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, a hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, a 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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