Caesars Entertainment (NASDAQ:CZR) Director Sells 33,899 Shares of Stock

Caesars Entertainment, Inc. (NASDAQ:CZR – Get Free Report) Director Blackhurst Janis Jones sold 33,899 shares of Caesars Entertainment stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $29.63, for a total transaction of $1,004,427.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Caesars Entertainment Stock Performance

Caesars Entertainment stock traded up $0.09 during mid-day trading on Friday, reaching $29.73. 2,735,592 shares of the stock traded hands, compared to its average volume of 5,729,793. The business’s 50-day moving average is $29.86 and its 200-day moving average is $27.66. The stock has a market capitalization of $6.06 billion, a PE ratio of -13.04 and a beta of 1.77. Caesars Entertainment, Inc. has a 12-month low of $17.86 and a 12-month high of $30.88. The company has a debt-to-equity ratio of 3.70, a current ratio of 0.85 and a quick ratio of 0.83.

Get Caesars Entertainment alerts:

Caesars Entertainment (NASDAQ:CZR – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.35). Caesars Entertainment had a negative return on equity of 7.64% and a negative net margin of 3.99%.The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter last year, the company earned ($0.39) EPS. Caesars Entertainment’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, sell-side analysts predict that Caesars Entertainment, Inc. will post -0.9 EPS for the current fiscal year.

Institutional Investors Weigh In On Caesars Entertainment

Institutional investors have recently added to or reduced their stakes in the stock. Healthcare of Ontario Pension Plan Trust Fund raised its holdings 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 acquiring an additional 4,937,998 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in Caesars Entertainment during the 4th quarter valued at $65,492,000. Man Group plc purchased a new position in Caesars Entertainment during the 2nd quarter valued at $32,953,000. Janus Henderson Group PLC grew its position in Caesars Entertainment by 5.8% in the 1st quarter. Janus Henderson Group PLC now owns 6,529,700 shares of the company’s stock valued at $172,582,000 after acquiring an additional 355,760 shares during the last quarter. Finally, 1492 Capital Management LLC purchased a new stake in Caesars Entertainment in the first quarter worth $1,020,000. 91.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Capital One Financial lowered shares of Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Raymond James Financial downgraded shares of Caesars Entertainment from a “strong-buy” rating to a “market perform” rating in a report on Friday, May 29th. TD Cowen cut shares of Caesars Entertainment from a “buy” rating to a “hold” rating and set a $31.00 price objective for the company. in a research note on Wednesday, July 29th. Barclays restated an “equal weight” rating and set a $31.00 price objective (down from $35.00) on shares of Caesars Entertainment in a research report on Thursday, July 9th. Finally, Texas Capital cut shares of Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. Two analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Caesars Entertainment presently has a consensus rating of “Hold” and a consensus price target of $30.71.

Get Our Latest Research Report on Caesars Entertainment

Caesars Entertainment Company Profile

(Get Free Report)

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.

Read More

• Five stocks we like better than Caesars Entertainment
• 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
• IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
• Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
• Okta Stock Surges 29%—Is $200 the Next Stop?

Receive News & Ratings for Caesars Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caesars Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.