Deutsche Bank AG Has $6.87 Million Position in Eldorado Resorts (ERI)

Deutsche Bank AG decreased its position in Eldorado Resorts (NASDAQ:ERI) by 42.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 207,157 shares of the company’s stock after selling 152,235 shares during the quarter. Deutsche Bank AG owned about 0.27% of Eldorado Resorts worth $6,865,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. acquired a new position in shares of Eldorado Resorts during the 4th quarter valued at about $23,360,000. Hood River Capital Management LLC increased its stake in shares of Eldorado Resorts by 53.5% during the 4th quarter. Hood River Capital Management LLC now owns 1,529,651 shares of the company’s stock valued at $50,708,000 after acquiring an additional 533,078 shares during the last quarter. Stormborn Capital Management LLC acquired a new position in shares of Eldorado Resorts during the 4th quarter valued at about $10,774,000. Frontier Capital Management Co. LLC acquired a new position in shares of Eldorado Resorts during the 4th quarter valued at about $9,082,000. Finally, North Fourth Asset Management LP acquired a new position in shares of Eldorado Resorts during the 4th quarter valued at about $5,669,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

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A number of analysts recently issued reports on the stock. BidaskClub downgraded shares of Eldorado Resorts from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 30th. Zacks Investment Research downgraded shares of Eldorado Resorts from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 20th. Telsey Advisory Group assumed coverage on shares of Eldorado Resorts in a research report on Tuesday, March 13th. They set an “outperform” rating and a $42.00 target price for the company. Roth Capital assumed coverage on shares of Eldorado Resorts in a research report on Tuesday, February 20th. They set a “buy” rating and a $41.00 target price for the company. Finally, SunTrust Banks reissued an “average” rating and set a $36.00 target price on shares of Eldorado Resorts in a research report on Monday, February 5th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $35.38.

ERI opened at $34.40 on Monday. The company has a market cap of $2,657.09, a P/E ratio of 3,440.00 and a beta of 1.04. Eldorado Resorts has a 1 year low of $17.30 and a 1 year high of $38.45. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.15 and a quick ratio of 1.07.

Eldorado Resorts (NASDAQ:ERI) last posted its earnings results on Thursday, February 22nd. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.04). The business had revenue of $428.22 million for the quarter, compared to analyst estimates of $431.27 million. Eldorado Resorts had a negative return on equity of 0.19% and a net margin of 5.17%. analysts expect that Eldorado Resorts will post 1.92 earnings per share for the current year.

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Eldorado Resorts Company Profile

Eldorado Resorts, Inc, a gaming and hospitality company, owns and operates gaming facilities in Ohio, Louisiana, Nevada, Pennsylvania, West Virginia, Colorado, Florida, Iowa, Mississippi, and Missouri. It owns and operates Eldorado Resort Casino Reno, a 814-room hotel, casino and entertainment facility; Silver Legacy Resort Casino, a 1,711-room themed hotel and casino; Circus Circus Reno, a 1,571-room hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, a 403-room, all suite art deco-style hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, a 357-room 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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Institutional Ownership by Quarter for Eldorado Resorts (NASDAQ:ERI)

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