Insider Selling: Caesars Entertainment (NASDAQ:CZR) Director Sells $207,690.00 in Stock

Caesars Entertainment, Inc. (NASDAQ:CZRGet Free Report) Director David Tomick sold 7,000 shares of Caesars Entertainment stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $29.67, for a total transaction of $207,690.00. Following the completion of the sale, the director directly owned 38,911 shares in the company, valued at $1,154,489.37. This represents a 15.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Caesars Entertainment Stock Performance

NASDAQ:CZR opened at $29.67 on Thursday. The company has a debt-to-equity ratio of 3.70, a quick ratio of 0.83 and a current ratio of 0.85. The company has a fifty day moving average of $29.78 and a two-hundred day moving average of $28.57. The stock has a market capitalization of $6.05 billion, a PE ratio of -13.01 and a beta of 1.75. Caesars Entertainment, Inc. has a fifty-two week low of $17.86 and a fifty-two week high of $30.88.

Caesars Entertainment (NASDAQ:CZRGet Free Report) last announced its 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). Caesars Entertainment had a negative net margin of 3.99% and a negative return on equity of 7.64%. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the business earned ($0.39) EPS. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, research analysts forecast that Caesars Entertainment, Inc. will post -0.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on CZR. Wells Fargo & Company boosted their price objective on Caesars Entertainment from $26.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 2nd. Texas Capital cut shares of Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. Susquehanna raised shares of Caesars Entertainment from a “positive” rating to a “positive” rating in a report on Friday, May 29th. Raymond James Financial cut shares of Caesars Entertainment from a “strong-buy” rating to a “market perform” rating in a research report on Friday, May 29th. Finally, Truist Financial lowered shares of Caesars Entertainment from a “buy” rating to a “hold” rating and lowered their price target for the stock from $32.00 to $31.00 in a research report on Friday, May 29th. Two analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $30.71.

Check Out Our Latest Stock Report on Caesars Entertainment

Hedge Funds Weigh In On Caesars Entertainment

A number of institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC acquired a new stake in Caesars Entertainment during the second quarter worth $30,967,000. Jefferies Financial Group Inc. purchased a new position in shares of Caesars Entertainment during the 2nd quarter worth $1,110,000. Man Group plc purchased a new position in shares of Caesars Entertainment during the 2nd quarter worth $32,953,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Caesars Entertainment by 246,899,900.0% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,938,000 shares of the company’s stock worth $115,500,000 after purchasing an additional 4,937,998 shares during the last quarter. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Caesars Entertainment during the 4th quarter worth about $65,492,000. 91.79% of the stock is owned by hedge funds and other institutional investors.

About Caesars Entertainment

(Get Free Report)

Caesars Entertainment, Inc is a casino-entertainment company that owns, operates and manages commercial casinos, resorts and gaming facilities primarily in the United States. Its properties offer casino gaming, hotel accommodations, restaurants, entertainment, nightlife, conventions and other leisure services, with a significant presence in Las Vegas and regional markets across the country.

The company operates a portfolio of well-known brands, including Caesars, Harrah’s, Horseshoe, Paris, Planet Hollywood, Flamingo, The LINQ and Caesars Sportsbook.

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Insider Buying and Selling by Quarter for Caesars Entertainment (NASDAQ:CZR)

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