Caesars Entertainment, Inc. $CZR Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC decreased its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,377,148 shares of the company’s stock after selling 33,383 shares during the quarter. Geode Capital Management LLC’s holdings in Caesars Entertainment were worth $152,364,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CZR. JFS Wealth Advisors LLC boosted 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. UMB Bank n.a. increased its holdings in Caesars Entertainment by 52.0% in the second quarter. UMB Bank n.a. now owns 1,049 shares of the company’s stock valued at $30,000 after buying an additional 359 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Caesars Entertainment by 168.5% in the second quarter. Farther Finance Advisors LLC now owns 1,133 shares of the company’s stock worth $32,000 after acquiring an additional 711 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Caesars Entertainment by 69.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,164 shares of the company’s stock worth $33,000 after acquiring an additional 478 shares in the last quarter. Finally, Hilltop National Bank purchased a new stake in shares of Caesars Entertainment during the 2nd quarter worth about $35,000. 91.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their price target on Caesars Entertainment from $50.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. JMP Securities reduced their target price on Caesars Entertainment from $41.00 to $40.00 and set a “market outperform” rating for the company in a research note on Friday, October 17th. Citigroup reiterated a “market outperform” rating on shares of Caesars Entertainment in a research report on Wednesday, October 29th. Zacks Research raised shares of Caesars Entertainment from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, Stifel Nicolaus reduced their price objective on shares of Caesars Entertainment from $43.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.12.

Caesars Entertainment Stock Down 1.3%

Shares of CZR opened at $20.35 on Wednesday. The stock has a 50 day moving average price of $23.11 and a 200 day moving average price of $26.04. Caesars Entertainment, Inc. has a one year low of $18.25 and a one year high of $40.00. The company has a debt-to-equity ratio of 6.23, a quick ratio of 0.76 and a current ratio of 0.78. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of -17.70 and a beta of 2.32.

Caesars Entertainment (NASDAQ:CZR) last announced its earnings results on Tuesday, October 28th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.16). Caesars Entertainment had a negative return on equity of 5.76% and a negative net margin of 2.12%.The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.88 billion. During the same period last year, the firm earned ($0.04) EPS. The company’s revenue for the quarter was down .2% compared to the same quarter last year. Equities research analysts forecast that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Caesars Entertainment Profile

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.