Caesars Entertainment (CZR) Reaches New 1-Year Low at $7.45

Caesars Entertainment Co. (NASDAQ:CZR) hit a new 52-week low on Thursday . The stock traded as low as $7.45 and last traded at $7.76, with a volume of 825986 shares. The stock had previously closed at $7.96.

Several equities research analysts have weighed in on CZR shares. BidaskClub raised Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, November 3rd. Oppenheimer set a $15.00 price target on Caesars Entertainment and gave the stock a “buy” rating in a report on Thursday, November 1st. Bank of America reissued a “buy” rating and issued a $11.00 price target on shares of Caesars Entertainment in a report on Tuesday, October 16th. Deutsche Bank started coverage on Caesars Entertainment in a report on Tuesday, September 4th. They issued a “buy” rating and a $14.00 price target for the company. Finally, Morgan Stanley started coverage on Caesars Entertainment in a report on Tuesday, October 23rd. They issued an “overweight” rating and a $12.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. Caesars Entertainment has a consensus rating of “Hold” and a consensus price target of $13.10.

The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 5.93. The firm has a market capitalization of $5.32 billion, a P/E ratio of -2.25, a PEG ratio of 12.42 and a beta of 0.74.

Caesars Entertainment (NASDAQ:CZR) last released its earnings results on Thursday, November 1st. The company reported ($0.03) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.03). Caesars Entertainment had a return on equity of 2.26% and a net margin of 25.75%. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.19 billion. As a group, research analysts predict that Caesars Entertainment Co. will post 0.06 earnings per share for the current fiscal year.

In related news, insider Marco Roca sold 17,834 shares of Caesars Entertainment stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $8.21, for a total transaction of $146,417.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas M. Benninger bought 41,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The shares were purchased at an average cost of $7.79 per share, with a total value of $319,390.00. The disclosure for this purchase can be found here. Insiders own 4.60% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in CZR. Point72 Asset Management L.P. lifted its holdings in shares of Caesars Entertainment by 190.0% during the second quarter. Point72 Asset Management L.P. now owns 25,119,068 shares of the company’s stock worth $268,774,000 after purchasing an additional 16,457,482 shares during the period. Vanguard Group Inc. lifted its holdings in Caesars Entertainment by 16.3% in the third quarter. Vanguard Group Inc. now owns 52,126,701 shares of the company’s stock valued at $534,298,000 after acquiring an additional 7,294,525 shares during the period. Thompson Siegel & Walmsley LLC lifted its holdings in Caesars Entertainment by 322.9% in the second quarter. Thompson Siegel & Walmsley LLC now owns 8,257,388 shares of the company’s stock valued at $88,354,000 after acquiring an additional 6,304,874 shares during the period. BlackRock Inc. lifted its holdings in Caesars Entertainment by 40.0% in the second quarter. BlackRock Inc. now owns 17,255,685 shares of the company’s stock valued at $184,635,000 after acquiring an additional 4,931,707 shares during the period. Finally, Rubric Capital Management LP acquired a new position in Caesars Entertainment in the third quarter valued at approximately $22,657,000.

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Caesars Entertainment Company Profile (NASDAQ:CZR)

Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 36,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.

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