WCM Investment Management LLC acquired a new stake in shares of Eldorado Resorts Inc (NASDAQ:ERI) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 36,247 shares of the company’s stock, valued at approximately $1,693,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Elk Creek Partners LLC acquired a new position in Eldorado Resorts in the first quarter valued at approximately $6,871,000. Wells Fargo & Company MN lifted its holdings in Eldorado Resorts by 9.1% in the first quarter. Wells Fargo & Company MN now owns 1,964,722 shares of the company’s stock valued at $91,733,000 after buying an additional 163,078 shares during the period. Financial Counselors Inc. acquired a new position in Eldorado Resorts in the first quarter valued at approximately $212,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in Eldorado Resorts in the first quarter valued at approximately $199,000. Finally, Mason Street Advisors LLC lifted its holdings in Eldorado Resorts by 1.6% in the first quarter. Mason Street Advisors LLC now owns 34,589 shares of the company’s stock valued at $1,615,000 after buying an additional 538 shares during the period. 85.71% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:ERI opened at $46.07 on Friday. Eldorado Resorts Inc has a 12 month low of $31.86 and a 12 month high of $54.99. The company has a current ratio of 0.98, a quick ratio of 0.93 and a debt-to-equity ratio of 3.78. The stock’s fifty day moving average is $49.33. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 33.38, a price-to-earnings-growth ratio of 0.97 and a beta of 1.65.
Several brokerages recently weighed in on ERI. BidaskClub upgraded shares of Eldorado Resorts from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. Wolfe Research began coverage on shares of Eldorado Resorts in a report on Friday, June 14th. They issued a “peer perform” rating on the stock. Zacks Investment Research upgraded shares of Eldorado Resorts from a “sell” rating to a “hold” rating in a report on Tuesday, March 26th. Finally, Stifel Nicolaus began coverage on shares of Eldorado Resorts in a report on Wednesday, June 5th. They issued a “buy” rating and a $62.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Eldorado Resorts presently has a consensus rating of “Buy” and a consensus price target of $53.64.
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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