Today, the Exec VP and COO of Eldorado Resorts (NASDAQ: ERI), Anthony Carano, bought shares of ERI for $45.6K.
This recent transaction increases Anthony Carano’s holding in the company by 3.85% to a total of $1.24 million. Following Anthony Carano’s last ERI Buy transaction on May 10, 2018, the stock climbed by 2.5%.
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Based on Eldorado Resorts’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $457 million and quarterly net profit of $36.8 million. In comparison, last year the company earned revenue of $355 million and had a GAAP net loss of $46.33 million. ERI’s market cap is $3.54B and the company has a P/E ratio of 20.18. Currently, Eldorado Resorts has an average volume of 574.9K.
The insider sentiment on Eldorado Resorts has been positive according to 35 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Anthony Carano’s trades have generated a 43.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Eldorado Resorts, Inc. is a gaming and hospitality company. The firm owns and operates gaming facilities located in Ohio, Louisiana, Nevada, Pennsylvania and West Virginia.
