US Bancorp DE reduced its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR – Free Report) by 22.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,265 shares of the company’s stock after selling 2,757 shares during the period. US Bancorp DE’s holdings in Caesars Entertainment were worth $405,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of CZR. Russell Investments Group Ltd. boosted its stake in Caesars Entertainment by 249.0% during the 1st quarter. Russell Investments Group Ltd. now owns 186,019 shares of the company’s stock valued at $8,131,000 after purchasing an additional 132,720 shares during the period. Fiduciary Family Office LLC grew its holdings in shares of Caesars Entertainment by 141.5% during the 1st quarter. Fiduciary Family Office LLC now owns 19,974 shares of the company’s stock worth $874,000 after purchasing an additional 11,702 shares in the last quarter. Sei Investments Co. increased its position in shares of Caesars Entertainment by 263.2% during the first quarter. Sei Investments Co. now owns 345,481 shares of the company’s stock valued at $15,111,000 after purchasing an additional 250,354 shares during the period. Illinois Municipal Retirement Fund raised its stake in shares of Caesars Entertainment by 201.8% in the first quarter. Illinois Municipal Retirement Fund now owns 60,593 shares of the company’s stock valued at $2,650,000 after purchasing an additional 40,517 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in Caesars Entertainment in the first quarter worth $461,000. 91.79% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Caesars Entertainment
In related news, Director Frank J. Fahrenkopf, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $32.52, for a total value of $325,200.00. Following the transaction, the director now owns 350 shares in the company, valued at $11,382. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Caesars Entertainment news, Director Michael E. Pegram bought 40,000 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was bought at an average price of $36.39 per share, for a total transaction of $1,455,600.00. Following the transaction, the director now owns 181,697 shares of the company’s stock, valued at approximately $6,611,953.83. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frank J. Fahrenkopf, Jr. sold 10,000 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $32.52, for a total value of $325,200.00. Following the completion of the transaction, the director now owns 350 shares in the company, valued at $11,382. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by corporate insiders.
Caesars Entertainment Stock Down 2.8 %
Shares of NASDAQ CZR opened at $33.25 on Friday. Caesars Entertainment, Inc. has a 12-month low of $31.74 and a 12-month high of $60.27. The firm’s 50-day simple moving average is $36.62 and its 200 day simple moving average is $39.82. The company has a market cap of $7.20 billion, a price-to-earnings ratio of 9.42 and a beta of 2.98. The company has a quick ratio of 0.67, a current ratio of 0.69 and a debt-to-equity ratio of 2.65.
Caesars Entertainment (NASDAQ:CZR – Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.52). Caesars Entertainment had a net margin of 6.68% and a return on equity of 1.27%. The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.82 billion. On average, research analysts expect that Caesars Entertainment, Inc. will post -0.13 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several brokerages have issued reports on CZR. Wells Fargo & Company lowered their price target on shares of Caesars Entertainment from $54.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Susquehanna lowered shares of Caesars Entertainment from a “neutral” rating to a “negative” rating and dropped their price target for the stock from $44.00 to $33.00 in a research report on Monday, July 15th. Jefferies Financial Group decreased their price objective on Caesars Entertainment from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, July 11th. Morgan Stanley lowered their price objective on Caesars Entertainment from $43.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Friday, July 12th. Finally, JMP Securities cut their target price on Caesars Entertainment from $60.00 to $58.00 and set a “market outperform” rating for the company in a research report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.33.
Get Our Latest Report on Caesars Entertainment
About Caesars Entertainment
Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.
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