Ruffer LLP Makes New Investment in Caesars Entertainment, Inc. $CZR

Ruffer LLP bought a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) during the 4th quarter, Holdings Channel.com reports. The firm bought 120,390 shares of the company’s stock, valued at approximately $2,820,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Hantz Financial Services Inc. lifted its stake in shares of Caesars Entertainment by 110.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock valued at $26,000 after purchasing an additional 510 shares during the period. Mather Group LLC. acquired a new position in Caesars Entertainment in the third quarter valued at approximately $28,000. Sunbelt Securities Inc. lifted its stake in Caesars Entertainment by 181.6% in the third quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock valued at $28,000 after buying an additional 672 shares during the period. Salomon & Ludwin LLC acquired a new position in Caesars Entertainment in the third quarter valued at approximately $41,000. Finally, CoreCap Advisors LLC lifted its stake in Caesars Entertainment by 44.6% in the fourth quarter. CoreCap Advisors LLC now owns 1,581 shares of the company’s stock valued at $37,000 after buying an additional 488 shares during the period. 91.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on CZR shares. TD Cowen reissued a “buy” rating on shares of Caesars Entertainment in a research note on Wednesday, January 21st. Stifel Nicolaus dropped their price target on Caesars Entertainment from $39.00 to $36.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft dropped their price target on Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Morgan Stanley boosted their price target on Caesars Entertainment from $32.00 to $34.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Finally, Wells Fargo & Company upped their price target on Caesars Entertainment from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 16th. Nine equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.93.

Caesars Entertainment Stock Performance

Shares of CZR opened at $27.49 on Thursday. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.78 and a current ratio of 0.80. The stock has a 50 day moving average price of $25.34 and a two-hundred day moving average price of $23.45. The firm has a market capitalization of $5.59 billion, a P/E ratio of -11.31 and a beta of 1.87. Caesars Entertainment, Inc. has a 52 week low of $17.86 and a 52 week high of $31.58.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, February 17th. The company reported ($1.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($1.05). The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.89 billion. Caesars Entertainment had a negative return on equity of 7.97% and a negative net margin of 4.37%.The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.05 earnings per share. Equities analysts forecast that Caesars Entertainment, Inc. will post -0.12 earnings per share for the current fiscal year.

Caesars Entertainment Company Profile

Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah’s by William F.