Allianz Asset Management GmbH trimmed its holdings in Eldorado Resorts Inc (NASDAQ:ERI) by 75.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,001 shares of the company’s stock after selling 128,568 shares during the quarter. Allianz Asset Management GmbH owned about 0.05% of Eldorado Resorts worth $1,359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in ERI. Nationwide Fund Advisors lifted its stake in shares of Eldorado Resorts by 60.7% in the 3rd quarter. Nationwide Fund Advisors now owns 123,310 shares of the company’s stock valued at $3,163,000 after purchasing an additional 46,554 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Eldorado Resorts in the 3rd quarter valued at about $231,000. Bank of New York Mellon Corp lifted its stake in shares of Eldorado Resorts by 1.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 527,940 shares of the company’s stock valued at $13,542,000 after purchasing an additional 5,048 shares during the period. Comerica Bank acquired a new position in shares of Eldorado Resorts in the 3rd quarter valued at about $852,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of Eldorado Resorts by 10.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 520,503 shares of the company’s stock valued at $13,349,000 after purchasing an additional 49,166 shares during the period. 84.33% of the stock is currently owned by institutional investors.
Eldorado Resorts stock opened at $32.30 on Friday. Eldorado Resorts Inc has a 52 week low of $17.30 and a 52 week high of $38.45. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.07 and a current ratio of 1.15. The firm has a market capitalization of $2,564.41, a P/E ratio of 37.56 and a beta of 0.98.
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Eldorado Resorts Company Profile
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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