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), 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.
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Here’s Who Just Picked Up Bravo Brio Restaurant Group Inc. (NASDAQ:BBRG) Shares
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Bravo Brio Restaurant Group Inc. (NASDAQ:BBRG) reported that Tac Capital Llc. has picked up 2,200,459 of common stock as of 2017-03-14.
The acquisition brings the aggregate amount owned by Tac Capital Llc. to a total of 2,200,459 representing a 14.5% stake in the company.
For those not familiar with the company, Bravo Brio Restaurant Group, Inc. is the owner and operator of approximately two Italian restaurant brands, including BRAVO! Cucina Italiana (BRAVO!) and BRIO Tuscan Grille (BRIO). The Company operates approximately 120 restaurants in over 30 states. Additionally, approximately one BRIO restaurant is operated under a franchise agreement. It has over 110 operating locations, owns approximately four locations, of which over 100 are located adjacent to or in lifestyle centers and shopping malls, and over 10 are free-standing units. Its reward programs, called MyBRAVO Rewards and MyBRIO Rewards, are designed to reward guests for their continuous dining at its restaurants. Its guests can download a MyBRAVO/MyBRIO! Rewards mobile application, register their cards at BRAVO! and BRIO locations or online at www.myBRAVOReward.com or www.myBRIOReward.com. It also operates approximately one full-service American-French bistro restaurant in Columbus, Ohio under the brand Bon Vie.
A glance at Bravo Brio Restaurant Group Inc. (NASDAQ:BBRG)’s key stats reveals a current market capitalization of 78.89 Million based on 15.14 Million shares outstanding and a price at last close of $4.80 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-09-27, Tac picked up 8,572 at a purchase price of $4.50. This brings their total holding to 2,200,459 as of the date of the filing.
On the sell side, the most recent transaction saw Siegler unload 1,718 shares at a sale price of $4.75. This brings their total holding to 7,130.
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 Bravo Brio Restaurant Group Inc. (NASDAQ:BBRG) as things move forward to see if its progress aligns with these transactions.
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Ashford Hospitality Prime Inc. (CVE:AHP) is Attracting Smart Money
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Ashford Hospitality Prime Inc. (CVE:AHP) reported that Raging Capital Management has picked up 3,161,180 of common stock as of 2017-03-06.
The acquisition brings the aggregate amount owned by Raging Capital Management to a total of 3,161,180 representing a 4.2% stake in the company.
For those not familiar with the company, Ashford Hospitality Prime, Inc. invests in high revenue per available room (RevPAR), luxury, upper-upscale and upscale hotels in gateway and resort locations. The Company conducts its business and owns all of its assets through its operating partnership, Ashford Hospitality Prime Limited Partnership. It operates in the direct hotel investment segment of the hotel lodging industry. It owns interest in over 15 hotels in approximately six states, the District of Columbia and St. Thomas, the United States Virgin Islands with over 3,950 total rooms, excluding those attributable to its partner. The hotels in its portfolio are located in the United States gateway and resort locations. The Company owns over 10 of its hotel properties directly, and the remaining hotel properties through an investment in a majority-owned consolidated entity. All of the hotels in the Company’s portfolio are asset-managed by Ashford Hospitality Advisors LLC.
A glance at Ashford Hospitality Prime Inc. (CVE:AHP)’s key stats reveals a current market capitalization of 287.49 million based on 26.03 Million shares outstanding and a price at last close of $11.05 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2014-06-06, Rinaldi picked up 800 at a purchase price of $16.87. This brings their total holding to 8,000 as of the date of the filing.
On the sell side, the most recent transaction saw Kessler unload 2,441 shares at a sale price of $15.00. This brings their total holding to 101,294.
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 Ashford Hospitality Prime Inc. (CVE:AHP) as things move forward to see if its progress aligns with these transactions.
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