Eldorado Resorts, Inc. (NASDAQ:ERI) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a report issued on Thursday, July 27th.
Other equities analysts also recently issued reports about the stock. J P Morgan Chase & Co assumed coverage on shares of Eldorado Resorts in a report on Thursday, July 20th. They issued an “overweight” rating and a $24.00 target price for the company. TheStreet upgraded shares of Eldorado Resorts from a “d+” rating to a “c” rating in a report on Wednesday, May 17th. Zacks Investment Research upgraded shares of Eldorado Resorts from a “strong sell” rating to a “hold” rating in a report on Monday, May 8th. Finally, Imperial Capital upped their price objective on shares of Eldorado Resorts from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Eldorado Resorts has a consensus rating of “Buy” and an average target price of $22.33.
Shares of Eldorado Resorts (NASDAQ ERI) traded down 1.24% during mid-day trading on Thursday, reaching $19.95. 590,093 shares of the company traded hands. The firm has a 50 day moving average of $20.05 and a 200-day moving average of $18.82. Eldorado Resorts has a 52 week low of $10.65 and a 52 week high of $21.83.
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In other Eldorado Resorts news, major shareholder Hotel Casino Management, Inc. sold 750,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $20.66, for a total value of $15,495,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Thomas Reeg bought 2,500 shares of the firm’s stock in a transaction dated Friday, June 16th. The shares were acquired at an average price of $20.03 per share, for a total transaction of $50,075.00. Following the transaction, the insider now directly owns 46,200 shares in the company, valued at $925,386. The disclosure for this purchase can be found here. 1.14% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC purchased a new position in Eldorado Resorts during the fourth quarter valued at approximately $9,162,000. Sei Investments Co. purchased a new position in Eldorado Resorts during the first quarter valued at approximately $578,000. Westfield Capital Management Co. LP increased its position in Eldorado Resorts by 23.2% in the first quarter. Westfield Capital Management Co. LP now owns 1,521,901 shares of the company’s stock valued at $28,802,000 after buying an additional 286,205 shares in the last quarter. Trexquant Investment LP purchased a new position in Eldorado Resorts during the first quarter valued at approximately $457,000. Finally, Marshall Wace North America L.P. bought a new stake in shares of Eldorado Resorts during the first quarter worth about $1,944,000. Hedge funds and other institutional investors own 65.18% of the company’s stock.
About Eldorado Resorts
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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