Forward Management Maintains Stake in Equinix (EQIX); Hood River Capital Management Has Lowered Its Eldorado Resort (ERI) Holding by $8.61 Million

August 12, 2018 - By Lisa Delgado

Equinix, Inc. (NASDAQ:REIT) Logo

Forward Management Llc increased its stake in Equinix Inc (EQIX) by 255.56% based on its latest 2018Q1 regulatory filing with the SEC. Forward Management Llc bought 2,300 shares as the company’s stock declined 1.56% with the market. The institutional investor held 3,200 shares of the consumer services company at the end of 2018Q1, valued at $1.34 million, up from 900 at the end of the previous reported quarter. Forward Management Llc who had been investing in Equinix Inc for a number of months, seems to be bullish on the $34.74B market cap company. The stock decreased 1.74% or $7.75 during the last trading session, reaching $437.24. About 611,571 shares traded. Equinix, Inc. (NASDAQ:EQIX) has declined 12.79% since August 12, 2017 and is downtrending. It has underperformed by 25.36% the S&P500.

Hood River Capital Management Llc decreased its stake in Eldorado Resort (ERI) by 17.58% based on its latest 2018Q1 regulatory filing with the SEC. Hood River Capital Management Llc sold 268,981 shares as the company’s stock rose 32.44% while stock markets declined. The institutional investor held 1.26 million shares of the consumer services company at the end of 2018Q1, valued at $41.60M, down from 1.53 million at the end of the previous reported quarter. Hood River Capital Management Llc who had been investing in Eldorado Resort for a number of months, seems to be less bullish one the $3.36 billion market cap company. The stock decreased 0.11% or $0.05 during the last trading session, reaching $43.5. About 417,158 shares traded. Eldorado Resorts, Inc. (NASDAQ:ERI) has risen 117.07% since August 12, 2017 and is uptrending. It has outperformed by 104.50% the S&P500. Some Historical ERI News: 16/04/2018 – Eldorado Resorts to Fund Deal Using Cash From Previously Announced Asset Sales; 16/04/2018 – Icahn Enterprises Tropicana Unit to Merge Its Gaming and Hotel Ops Into Eldorado Resorts; 03/05/2018 – ELDORADO RESORTS REPORTS FIRST QUARTER NET REVENUE OF $440.2 MILLION, OPERATING INCOME OF $54.2 MILLION AND ADJUSTED EBITDA OF $103.5 MILLION; 16/04/2018 – Carl Icahn sells Tropicana casinos in $1.85 bln deal; 20/04/2018 – DJ Eldorado Resorts Inc, Inst Holders, 1Q 2018 (ERI); 15/05/2018 – ERI Scientific Beta highlights the importance of market risk in smart beta strategies; 16/04/2018 – ELDORADO RESORTS – IF DEAL TERMINATED UNDER CERTAIN CONDITIONS, CO AND GAMING AND LEISURE PROPERTIES TO PAY TROPICANA FEE OF $92.5 MLN; 16/04/2018 – ELDORADO RESORTS INC – EXPECT TO REALIZE $40 MLN OF SYNERGIES IN FIRST YEAR OF OWNERSHIP; 16/04/2018 – ICAHN ENTERPRISES – TRANSACTION DOES NOT INCLUDE TROPICANA’S ARUBA ASSETS, WHICH WILL BE DISPOSED OF AS A CONDITION TO CLOSING; 03/05/2018 – ELDORADO RESORTS INC QTRLY SHR $ 0.27

Among 25 analysts covering Equinix (NASDAQ:EQIX), 24 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Equinix had 79 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of Equinix, Inc. (NASDAQ:REIT) has “Overweight” rating given on Thursday, November 2 by JP Morgan. Citigroup maintained Equinix, Inc. (NASDAQ:REIT) rating on Thursday, August 4. Citigroup has “Neutral” rating and $400 target. Citigroup upgraded it to “Buy” rating and $435 target in Monday, March 13 report. On Thursday, February 15 the stock rating was maintained by Guggenheim with “Buy”. The stock of Equinix, Inc. (NASDAQ:REIT) has “Buy” rating given on Thursday, November 2 by J.P. Morgan. Wells Fargo upgraded Equinix, Inc. (NASDAQ:REIT) on Monday, January 4 to “Outperform” rating. The company was initiated on Tuesday, November 24 by SunTrust. RBC Capital Markets maintained Equinix, Inc. (NASDAQ:REIT) rating on Tuesday, July 28. RBC Capital Markets has “Outperform” rating and $310 target. The stock has “Buy” rating by Citigroup on Thursday, November 2. The stock has “Buy” rating by Cowen & Co on Monday, October 23.

Since February 15, 2018, it had 0 buys, and 28 insider sales for $17.69 million activity. Another trade for 250 shares valued at $110,785 was sold by Campbell Michael Earl. TAYLOR KEITH D had sold 1,500 shares worth $663,742 on Friday, July 27. VAN CAMP PETER also sold $296,712 worth of Equinix, Inc. (NASDAQ:REIT) shares. Lee Yau Tat had sold 5,960 shares worth $2.40M on Friday, May 11. On Thursday, February 15 Schwartz Eric sold $981,648 worth of Equinix, Inc. (NASDAQ:REIT) or 2,442 shares. Shares for $1.14 million were sold by STROHMEYER KARL.

Forward Management Llc, which manages about $5.17B and $685.53 million US Long portfolio, decreased its stake in Chatham Lodging Tr (NYSE:CLDT) by 134,700 shares to 775,800 shares, valued at $14.86 million in 2018Q1, according to the filing. It also reduced its holding in Ultrapar Participacoes S A (NYSE:UGP) by 25,500 shares in the quarter, leaving it with 700 shares, and cut its stake in Resource Cap Corp.

Investors sentiment decreased to 1.27 in Q1 2018. Its down 0.06, from 1.33 in 2017Q4. It turned negative, as 49 investors sold EQIX shares while 162 reduced holdings. 77 funds opened positions while 192 raised stakes. 76.70 million shares or 3.56% more from 74.06 million shares in 2017Q4 were reported. Veritable LP accumulated 3,911 shares or 0.04% of the stock. Parkside Bancshares And Trust owns 60 shares for 0.01% of their portfolio. Paradigm Asset Mngmt Llc holds 0% of its portfolio in Equinix, Inc. (NASDAQ:REIT) for 810 shares. Parametric Assoc Llc holds 229,029 shares or 0.09% of its portfolio. 13,218 are owned by Fjarde Ap. Mogy Joel R Counsel has 8,469 shares for 0.55% of their portfolio. Swiss State Bank, Switzerland-based fund reported 286,509 shares. White Pine Cap Limited Liability accumulated 0.68% or 4,378 shares. Zurcher Kantonalbank (Zurich Cantonalbank) owns 18,392 shares for 0.07% of their portfolio. California-based State Bank Of The West has invested 0.12% in Equinix, Inc. (NASDAQ:REIT). Brinker Cap reported 13,593 shares or 0.22% of all its holdings. Proshare Advisors Ltd Com invested in 36,040 shares or 0.1% of the stock. Macguire Cheswick Tuttle Invest Counsel Ltd Liability has 0.1% invested in Equinix, Inc. (NASDAQ:REIT) for 1,340 shares. Kbc Grp Incorporated Nv holds 0.09% or 22,767 shares in its portfolio. 1,753 were accumulated by Everence Mngmt.

Hood River Capital Management Llc, which manages about $698.72M and $1.78 billion US Long portfolio, upped its stake in Select Medical Holdings Corp (NYSE:SEM) by 30,112 shares to 2.44 million shares, valued at $42.05 million in 2018Q1, according to the filing. It also increased its holding in Magnachip Semiconductor (NYSE:MX) by 34,730 shares in the quarter, for a total of 2.10M shares, and has risen its stake in Bottomline Technologies De (NASDAQ:EPAY).

Analysts await Eldorado Resorts, Inc. (NYSEARCA:ERI) to report earnings on November, 1. They expect $0.65 earnings per share, up 80.56% or $0.29 from last year’s $0.36 per share. ERI’s profit will be $50.21 million for 16.73 P/E if the $0.65 EPS becomes a reality. After $0.47 actual earnings per share reported by Eldorado Resorts, Inc. for the previous quarter, Wall Street now forecasts 38.30% EPS growth.

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