Hotel Casino Management is Buying Eldorado Resorts Inc. (NASDAQ:ERI) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
Stay Ahead of the
Stock Market Game!
Subscribe to Small Cap
Exclusive for more

trending

Here's Who Just Picked Up Aquinox Pharmaceuticals In...
Ronin Capital, Llc is Buying Peregrine Pharmaceutica...
ESPR Esperion Therapeutics, Inc. Consolidation (NASD...

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Eldorado Resorts Inc. (NASDAQ:ERI) reported that Hotel Casino Management, Inc. has picked up 5,118,461 of common stock as of 2017-03-17.

The acquisition brings the aggregate amount owned by Hotel Casino Management, Inc. to a total of 5,118,461 representing a 10.86% stake in the company.

For those not familiar with the company, Eldorado Resorts, Inc. (ERI) is a gaming and hospitality company. The Company owns and operates gaming facilities located in Ohio, Louisiana, Nevada, Pennsylvania and West Virginia. The Company’s segments include Nevada, Louisiana and Eastern. The Company owns and operates various properties, such as Eldorado Resort Casino Reno, which is a 814-room hotel, casino and entertainment facility; Silver Legacy Resort Casino, which is a 1,711-room themed hotel and casino; Circus Circus Reno, which is a 1,571-room hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, which is a 403-room, all suite art deco-style hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, which is a 354-room resort with a casino and live thoroughbred horse racing; Presque Isle Downs & Casino, which is a casino and live thoroughbred horse racing facility with slot machines, table games and poker located in Erie, Pennsylvania, and Eldorado Gaming Scioto Downs.

A glance at Eldorado Resorts Inc. (NASDAQ:ERI)’s key stats reveals a current market capitalization of 843.07 Million based on 47.12 Million shares outstanding and a price at last close of $19.00 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-03-14, Wagner picked up 1,744 at a purchase price of $18.70. This brings their total holding to 142,000 as of the date of the filing.

On the sell side, the most recent transaction saw Hotel unload 162,321 shares at a sale price of $13.49. This brings their total holding to 5,518,461.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Eldorado Resorts Inc. (NASDAQ:ERI) as things move forward to see if its progress aligns with these transactions.

Subscribe below and we’ll keep you on top of what’s happening before it moves markets.

 

 

 

Stay in the lopp :

Lebowitz Steven D Picked Up Ebix Inc (NASDAQ:...
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Ebix Inc (NASDAQ:EBIX) reported that Lebowitz Steven D has picked
Eminence Capital Picked Up Rexnord Corp (NYSE...
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Rexnord Corp (NYSE:RXN) reported that Eminence Capital has picked up
CTXR Stock Price is so consistent, can it go ...

Citius Pharmaceuticals CTXR stock price is down 2% in the last 5 days & volume is up 48%, but is it over for

related post

Skip to content