Quantinno Capital Management LP lifted its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR – Free Report) by 9.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 342,001 shares of the company’s stock after buying an additional 28,952 shares during the quarter. Quantinno Capital Management LP owned about 0.17% of Caesars Entertainment worth $9,039,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. Sunbelt Securities Inc. raised 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 purchasing an additional 672 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Caesars Entertainment by 456.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,119 shares of the company’s stock worth $26,000 after buying an additional 918 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in Caesars Entertainment by 87.1% in the 4th quarter. Hantz Financial Services Inc. now owns 1,817 shares of the company’s stock valued at $42,000 after buying an additional 846 shares during the period. Hilton Head Capital Partners LLC bought a new position in Caesars Entertainment in the 4th quarter valued at about $55,000. Finally, Quarry LP acquired a new position in shares of Caesars Entertainment in the 3rd quarter valued at approximately $68,000. Institutional investors and hedge funds own 91.79% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms recently issued reports on CZR. Capital One Financial lowered shares of Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Truist Financial downgraded Caesars Entertainment from a “buy” rating to a “hold” rating and reduced their target price for the company from $32.00 to $31.00 in a report on Friday, May 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Caesars Entertainment in a research report on Monday, May 18th. Susquehanna raised Caesars Entertainment from a “positive” rating to a “positive” rating in a research note on Friday, May 29th. Finally, Citigroup increased their target price on shares of Caesars Entertainment from $23.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, April 16th. Two analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Caesars Entertainment currently has a consensus rating of “Hold” and a consensus target price of $30.71.
Caesars Entertainment Stock Up 1.3%
Shares of NASDAQ CZR opened at $30.12 on Wednesday. The company has a 50 day simple moving average of $29.69 and a 200 day simple moving average of $26.76. The company has a debt-to-equity ratio of 3.70, a current ratio of 0.85 and a quick ratio of 0.83. Caesars Entertainment, Inc. has a 1 year low of $17.86 and a 1 year high of $30.88. The firm has a market cap of $6.14 billion, a PE ratio of -13.21 and a beta of 1.77.
Caesars Entertainment (NASDAQ:CZR – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.35). The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.98 billion. Caesars Entertainment had a negative net margin of 3.99% and a negative return on equity of 7.64%. Caesars Entertainment’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.39) EPS. On average, research analysts forecast that Caesars Entertainment, Inc. will post -0.81 EPS for the current year.
Insiders Place Their Bets
In related news, insider Edmund L. Quatmann, Jr. sold 81,566 shares of Caesars Entertainment stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $29.35, for a total transaction of $2,393,962.10. Following the completion of the transaction, the insider owned 18,263 shares of the company’s stock, valued at $536,019.05. This trade represents a 81.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael E. Pegram sold 55,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $29.20, for a total transaction of $1,606,000.00. The SEC filing for this sale provides additional information. Insiders have sold 293,463 shares of company stock valued at $8,609,241 in the last three months. 1.18% of the stock is owned by insiders.
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.
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