The Insider Selling: Eldorado Resorts Inc (ERI) Major Shareholder Sells 20,864 Shares of Stock

The Insider Selling: Eldorado Resorts Inc (ERI) Major Shareholder Sells 20,864 Shares of Stock

Hotel Casino Management, Inc. also recently made the following trade(s):

Eldorado Resorts Inc (NASDAQ:ERI) major shareholder Hotel Casino Management, Inc. sold 20,864 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $20.51, for a total value of $427,920.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Eldorado Resorts Inc (NASDAQ ERI) remained flat at $20.85 during mid-day trading on Friday. 556,618 shares of the company’s stock traded hands. Eldorado Resorts Inc has a 1-year low of $10.65 and a 1-year high of $21.15. The company’s 50 day moving average price is $19.85 and its 200-day moving average price is $17.39. The company has a market cap of $1.58 billion, a P/E ratio of 44.46 and a beta of 1.07. Eldorado Resorts (NASDAQ:ERI) last posted its quarterly earnings results on Thursday, May 4th. The company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.16. Eldorado Resorts had a return on equity of 47.48% and a net margin of 15.05%. The company had revenue of $200.90 million during the quarter, compared to the consensus estimate of $209.75 million. During the same period in the previous year, the business earned $0.07 earnings per share. Eldorado Resorts’s revenue was down 5.9% on a year-over-year basis. On average, equities analysts predict that Eldorado Resorts Inc will post $0.76 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. bought a new position in Eldorado Resorts during the first quarter worth approximately $140,000. PNC Financial Services Group Inc. raised its position in Eldorado Resorts by 22.7% in the first quarter. PNC Financial Services Group Inc. now owns 15,880 shares of the company’s stock worth $300,000 after buying an additional 2,940 shares during the last quarter. Highbridge Capital Management LLC bought a new position in Eldorado Resorts during the first quarter worth approximately $312,000. American International Group Inc. raised its position in Eldorado Resorts by 7.1% in the first quarter. American International Group Inc. now owns 17,642 shares of the company’s stock worth $334,000 after buying an additional 1,170 shares during the last quarter. Finally, Tudor Investment Corp Et Al bought a new position in Eldorado Resorts during the fourth quarter worth approximately $364,000. 54.74% of the stock is owned by hedge funds and other institutional investors. Several analysts recently issued reports on ERI shares. Imperial Capital restated an “outperform” rating and issued a $24.00 price target (up from $21.00) on shares of Eldorado Resorts in a research note on Monday, March 13th. Zacks Investment Research downgraded Eldorado Resorts from a “hold” rating to a “strong sell” rating in a research note on Monday, March 13th. Finally, TheStreet upgraded Eldorado Resorts from a “d+” rating to a “c” rating in a research report on Wednesday, May 17th.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ERI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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