Eldorado Resorts (NASDAQ:ERI) Lifted to Sell at BidaskClub

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Eldorado Resorts (NASDAQ:ERI) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Thursday, BidAskClub reports.

Other analysts have also issued research reports about the company. Deutsche Bank upped their target price on Eldorado Resorts from $66.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, February 27th. ValuEngine raised shares of Eldorado Resorts from a “sell” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research cut shares of Eldorado Resorts from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 7th. Roth Capital lifted their price target on shares of Eldorado Resorts from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, TheStreet cut shares of Eldorado Resorts from a “b” rating to a “c+” rating in a research note on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $60.85.

ERI stock traded up $0.10 during mid-day trading on Thursday, reaching $16.79. 616,864 shares of the stock traded hands, compared to its average volume of 8,116,466. The business has a 50-day moving average price of $44.08 and a two-hundred day moving average price of $48.93. The company has a debt-to-equity ratio of 3.11, a quick ratio of 0.85 and a current ratio of 0.88. The stock has a market capitalization of $1.30 billion, a PE ratio of 16.30, a PEG ratio of 0.62 and a beta of 1.66. Eldorado Resorts has a one year low of $6.02 and a one year high of $70.74.

A number of hedge funds and other institutional investors have recently modified their holdings of ERI. Marshall Wace LLP bought a new position in shares of Eldorado Resorts during the 1st quarter valued at $69,000. Ancora Advisors LLC raised its stake in Eldorado Resorts by 86.7% during the third quarter. Ancora Advisors LLC now owns 98,289 shares of the company’s stock valued at $3,919,000 after purchasing an additional 45,638 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Eldorado Resorts by 0.4% during the third quarter. Public Employees Retirement System of Ohio now owns 57,725 shares of the company’s stock valued at $2,301,000 after purchasing an additional 243 shares in the last quarter. Canyon Capital Advisors LLC grew its holdings in shares of Eldorado Resorts by 1,399.4% in the third quarter. Canyon Capital Advisors LLC now owns 5,129,705 shares of the company’s stock worth $204,521,000 after purchasing an additional 4,787,591 shares during the last quarter. Finally, Engine Capital Management LP boosted its holdings in shares of Eldorado Resorts by 75.0% in the 3rd quarter. Engine Capital Management LP now owns 35,000 shares of the company’s stock valued at $1,395,000 after buying an additional 15,000 shares in the last quarter. Hedge funds and other institutional investors own 98.64% of the company’s stock.

About Eldorado Resorts

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.

Read More: How to Invest in Growth Stocks

Analyst Recommendations for Eldorado Resorts (NASDAQ:ERI)

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