One68 Global Capital LLC acquired a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,000 shares of the company’s stock, valued at approximately $754,000. Caesars Entertainment accounts for about 1.6% of One68 Global Capital LLC’s holdings, making the stock its 13th biggest position.
Several other large investors have also bought and sold shares of CZR. Allworth Financial LP bought a new stake in Caesars Entertainment in the second quarter worth about $25,000. Sunbelt Securities Inc. boosted its position in shares of Caesars Entertainment by 181.6% during the 3rd 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 shares of Caesars Entertainment by 456.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,119 shares of the company’s stock worth $26,000 after purchasing an additional 918 shares during the last quarter. Ancora Advisors LLC acquired a new position in shares of Caesars Entertainment in the 2nd quarter worth approximately $53,000. Finally, Hantz Financial Services Inc. raised its holdings in shares of Caesars Entertainment by 87.1% in the 4th quarter. Hantz Financial Services Inc. now owns 1,817 shares of the company’s stock worth $42,000 after purchasing an additional 846 shares in the last quarter. Institutional investors own 91.79% of the company’s stock.
Wall Street Analysts Forecast Growth
CZR has been the subject of several recent research reports. TD Cowen lowered shares of Caesars Entertainment from a “buy” rating to a “hold” rating and set a $31.00 target price for the company. in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $31.00 price target (down from $35.00) on shares of Caesars Entertainment in a research report on Monday, June 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Caesars Entertainment in a research report on Thursday, August 13th. Texas Capital cut Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Finally, Zacks Research cut Caesars Entertainment from a “hold” rating to a “strong sell” rating in a report on Monday, August 17th. Two equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Caesars Entertainment currently has a consensus rating of “Hold” and an average price target of $30.71.
Caesars Entertainment Stock Performance
Shares of CZR opened at $29.64 on Friday. The company has a 50-day moving average of $29.86 and a two-hundred day moving average of $27.66. The stock has a market cap of $6.04 billion, a price-to-earnings ratio of -13.00 and a beta of 1.77. 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 one year low of $17.86 and a one year high of $30.88.
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 analysts’ consensus estimates of $0.05 by ($0.35). The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.98 billion. Caesars Entertainment had a negative net margin of 3.99% and a negative return on equity of 7.64%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.39) EPS. On average, equities research analysts expect that Caesars Entertainment, Inc. will post -0.9 earnings per share for the current year.
Insider Activity
In other Caesars Entertainment news, CFO Bret Yunker sold 208,134 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $29.62, for a total transaction of $6,164,929.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael E. Pegram sold 55,000 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $29.20, for a total value of $1,606,000.00. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 561,104 shares of company stock valued at $16,542,718. 1.18% of the stock is currently owned by company 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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