Private Wealth Partners LLC Sells 54,182 Shares of Caesars Entertainment, Inc. $CZR

Private Wealth Partners LLC lowered its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 17.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 250,580 shares of the company’s stock after selling 54,182 shares during the quarter. Private Wealth Partners LLC owned 0.12% of Caesars Entertainment worth $7,114,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. JFS Wealth Advisors LLC grew its holdings in Caesars Entertainment by 508.5% during the second quarter. JFS Wealth Advisors LLC now owns 864 shares of the company’s stock worth $25,000 after buying an additional 722 shares in the last quarter. Mather Group LLC. grew its holdings in Caesars Entertainment by 64.4% during the first quarter. Mather Group LLC. now owns 1,034 shares of the company’s stock worth $26,000 after buying an additional 405 shares in the last quarter. UMB Bank n.a. grew its holdings in Caesars Entertainment by 52.0% during the second quarter. UMB Bank n.a. now owns 1,049 shares of the company’s stock worth $30,000 after buying an additional 359 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Caesars Entertainment by 168.5% during the second quarter. Farther Finance Advisors LLC now owns 1,133 shares of the company’s stock worth $32,000 after buying an additional 711 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Caesars Entertainment by 69.7% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,164 shares of the company’s stock valued at $33,000 after purchasing an additional 478 shares during the period. Institutional investors own 91.79% of the company’s stock.

Wall Street Analysts Forecast Growth

CZR has been the subject of a number of recent analyst reports. Cfra restated a “hold” rating and issued a $50.00 price objective on shares of Caesars Entertainment in a research note on Friday, July 11th. Morgan Stanley reduced their price objective on Caesars Entertainment from $32.00 to $31.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 6th. Stifel Nicolaus reduced their price objective on Caesars Entertainment from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Barclays reduced their price objective on Caesars Entertainment from $45.00 to $43.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Caesars Entertainment in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $41.80.

Caesars Entertainment Stock Performance

NASDAQ:CZR opened at $22.55 on Tuesday. The business’s 50-day moving average price is $25.08 and its two-hundred day moving average price is $26.77. Caesars Entertainment, Inc. has a twelve month low of $21.40 and a twelve month high of $45.65. The stock has a market cap of $4.69 billion, a P/E ratio of -24.51 and a beta of 2.38. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 6.08.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings results on Tuesday, July 29th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.46). Caesars Entertainment had a negative net margin of 1.71% and a negative return on equity of 4.55%. The business had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.85 billion. During the same period in the previous year, the business earned ($0.56) EPS. The business’s revenue was up 2.7% on a year-over-year basis. As a group, equities analysts predict that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

About Caesars Entertainment

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.