25,876 Shares in Eldorado Resorts Inc (NASDAQ:ERI) Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. bought a new position in shares of Eldorado Resorts Inc (NASDAQ:ERI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 25,876 shares of the company’s stock, valued at approximately $1,192,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Frontier Capital Management Co. LLC lifted its stake in Eldorado Resorts by 1.4% during the 1st quarter. Frontier Capital Management Co. LLC now owns 3,717,064 shares of the company’s stock worth $172,893,000 after acquiring an additional 49,705 shares in the last quarter. Wells Fargo & Company MN raised its position in Eldorado Resorts by 9.1% in the 1st quarter. Wells Fargo & Company MN now owns 1,964,722 shares of the company’s stock valued at $91,733,000 after purchasing an additional 163,078 shares in the last quarter. Westfield Capital Management Co. LP raised its position in Eldorado Resorts by 59.2% in the 1st quarter. Westfield Capital Management Co. LP now owns 1,054,364 shares of the company’s stock valued at $49,228,000 after purchasing an additional 392,033 shares in the last quarter. Geode Capital Management LLC raised its position in Eldorado Resorts by 9.2% in the 4th quarter. Geode Capital Management LLC now owns 726,208 shares of the company’s stock valued at $26,295,000 after purchasing an additional 61,482 shares in the last quarter. Finally, Peregrine Capital Management LLC raised its position in Eldorado Resorts by 0.3% in the 2nd quarter. Peregrine Capital Management LLC now owns 642,302 shares of the company’s stock valued at $29,591,000 after purchasing an additional 1,639 shares in the last quarter. 99.66% of the stock is currently owned by hedge funds and other institutional investors.

In other Eldorado Resorts news, Director James B. Hawkins acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were acquired at an average price of $35.70 per share, for a total transaction of $71,400.00. Following the acquisition, the director now owns 125,137 shares in the company, valued at approximately $4,467,390.90. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James B. Hawkins acquired 6,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was acquired at an average price of $40.35 per share, for a total transaction of $242,100.00. Following the acquisition, the director now owns 119,137 shares in the company, valued at approximately $4,807,177.95. The disclosure for this purchase can be found here. Corporate insiders own 1.50% of the company’s stock.

A number of equities research analysts have issued reports on the company. Wolfe Research raised Eldorado Resorts from a “peer perform” rating to an “outperform” rating and set a $46.12 price target on the stock in a research report on Tuesday, June 25th. Stifel Nicolaus set a $58.00 price target on Eldorado Resorts and gave the company a “buy” rating in a research report on Wednesday, August 7th. ValuEngine raised Eldorado Resorts from a “hold” rating to a “buy” rating in a research report on Wednesday. TheStreet lowered Eldorado Resorts from a “b” rating to a “c+” rating in a research report on Friday, September 6th. Finally, Susquehanna Bancshares assumed coverage on Eldorado Resorts in a research report on Wednesday, July 24th. They issued a “neutral” rating and a $50.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $53.90.

Shares of ERI traded up $0.51 during mid-day trading on Friday, reaching $43.42. The company’s stock had a trading volume of 19,456 shares, compared to its average volume of 1,351,513. Eldorado Resorts Inc has a 12-month low of $31.86 and a 12-month high of $54.99. The stock has a market cap of $3.17 billion, a PE ratio of 31.52, a price-to-earnings-growth ratio of 1.17 and a beta of 1.51. The company has a debt-to-equity ratio of 3.67, a current ratio of 1.83 and a quick ratio of 1.78. The company’s 50 day moving average is $40.77 and its 200 day moving average is $46.46.

Eldorado Resorts (NASDAQ:ERI) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.25). Eldorado Resorts had a net margin of 3.90% and a return on equity of 9.47%. The business had revenue of $637.10 million during the quarter, compared to analysts’ expectations of $658.74 million. During the same quarter in the previous year, the company posted $0.47 EPS. The company’s revenue was up 39.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Eldorado Resorts Inc will post 1.74 EPS for the current fiscal year.

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.

Featured Article: What is net income?

Want to see what other hedge funds are holding ERI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eldorado Resorts Inc (NASDAQ:ERI).

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

Receive News & Ratings for Eldorado Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eldorado Resorts and related companies with MarketBeat.com's FREE daily email newsletter.