Morgan Stanley grew its stake in shares of Eldorado Resorts Inc (NASDAQ:ERI) by 7.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,838 shares of the company’s stock after buying an additional 9,426 shares during the period. Morgan Stanley’s holdings in Eldorado Resorts were worth $6,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Eldorado Resorts by 24.3% in the second quarter. BlackRock Inc. now owns 9,153,908 shares of the company’s stock valued at $421,721,000 after purchasing an additional 1,789,647 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Eldorado Resorts by 0.8% in the second quarter. Vanguard Group Inc. now owns 5,552,414 shares of the company’s stock valued at $255,800,000 after purchasing an additional 41,669 shares in the last quarter. Westfield Capital Management Co. LP grew its holdings in shares of Eldorado Resorts by 39.5% in the second quarter. Westfield Capital Management Co. LP now owns 1,470,451 shares of the company’s stock valued at $67,744,000 after purchasing an additional 416,087 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Eldorado Resorts by 53.3% in the second quarter. Invesco Ltd. now owns 1,307,443 shares of the company’s stock valued at $60,234,000 after purchasing an additional 454,691 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Eldorado Resorts by 0.8% in the second quarter. Northern Trust Corp now owns 1,089,722 shares of the company’s stock valued at $50,204,000 after purchasing an additional 8,738 shares in the last quarter. Hedge funds and other institutional investors own 99.07% of the company’s stock.

A number of research analysts recently weighed in on ERI shares. ValuEngine raised shares of Eldorado Resorts from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. BidaskClub raised shares of Eldorado Resorts from a “hold” rating to a “buy” rating in a report on Thursday. Deutsche Bank reissued a “buy” rating and issued a $66.00 target price on shares of Eldorado Resorts in a report on Wednesday, October 16th. Zacks Investment Research raised shares of Eldorado Resorts from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 8th. Finally, Susquehanna Bancshares assumed coverage on shares of Eldorado Resorts in a research note on Wednesday, July 24th. They set a “neutral” rating and a $50.00 price objective for the company. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $53.90.

In related news, Director James B. Hawkins bought 2,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average cost of $35.70 per share, with a total value of $71,400.00. Following the completion of the purchase, the director now owns 125,137 shares of the company’s stock, valued at $4,467,390.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James B. Hawkins bought 6,000 shares of the stock in a transaction dated Thursday, August 8th. The shares were bought at an average cost of $40.35 per share, with a total value of $242,100.00. Following the completion of the purchase, the director now directly owns 119,137 shares of the company’s stock, valued at approximately $4,807,177.95. The disclosure for this purchase can be found here. 1.50% of the stock is owned by insiders.

NASDAQ ERI opened at $43.04 on Monday. The company has a quick ratio of 1.78, a current ratio of 1.83 and a debt-to-equity ratio of 3.67. The company has a fifty day moving average of $40.59 and a two-hundred day moving average of $45.35. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 31.19, a PEG ratio of 1.26 and a beta of 1.51. Eldorado Resorts Inc has a 52 week low of $31.86 and a 52 week high of $54.99.

Eldorado Resorts (NASDAQ:ERI) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.25). The firm had revenue of $637.10 million for the quarter, compared to analysts’ expectations of $658.74 million. Eldorado Resorts had a return on equity of 9.47% and a net margin of 3.90%. The firm’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 earnings per share. Equities research analysts anticipate that Eldorado Resorts Inc will post 1.71 EPS for the current year.

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

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