Signaturefd LLC Lowers Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Signaturefd LLC trimmed its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZRGet Rating) by 40.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 880 shares of the company’s stock after selling 588 shares during the quarter. Signaturefd LLC’s holdings in Caesars Entertainment were worth $68,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital Research Global Investors boosted its holdings in Caesars Entertainment by 9.0% during the 4th quarter. Capital Research Global Investors now owns 17,328,116 shares of the company’s stock valued at $1,620,688,000 after acquiring an additional 1,423,925 shares during the period. State Street Corp boosted its holdings in Caesars Entertainment by 4.4% during the 4th quarter. State Street Corp now owns 8,097,433 shares of the company’s stock valued at $757,353,000 after acquiring an additional 343,801 shares during the period. Capital International Investors raised its position in Caesars Entertainment by 9.0% in the 4th quarter. Capital International Investors now owns 4,824,281 shares of the company’s stock valued at $451,215,000 after purchasing an additional 398,455 shares in the last quarter. Geode Capital Management LLC raised its position in Caesars Entertainment by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 3,930,019 shares of the company’s stock valued at $366,610,000 after purchasing an additional 93,847 shares in the last quarter. Finally, Samlyn Capital LLC raised its position in Caesars Entertainment by 8.5% in the 4th quarter. Samlyn Capital LLC now owns 2,183,826 shares of the company’s stock valued at $204,254,000 after purchasing an additional 170,583 shares in the last quarter. 94.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Caesars Entertainment

In related news, Director Don R. Kornstein bought 2,500 shares of the stock in a transaction on Thursday, June 16th. The shares were bought at an average cost of $38.10 per share, for a total transaction of $95,250.00. Following the purchase, the director now owns 34,353 shares of the company’s stock, valued at approximately $1,308,849.30. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Frank J. Fahrenkopf, Jr. sold 2,695 shares of the stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $52.00, for a total value of $140,140.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Don R. Kornstein acquired 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 16th. The shares were bought at an average cost of $38.10 per share, for a total transaction of $95,250.00. Following the acquisition, the director now owns 34,353 shares of the company’s stock, valued at approximately $1,308,849.30. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 22,500 shares of company stock worth $1,215,570. 0.55% of the stock is currently owned by insiders.

Caesars Entertainment Trading Up 2.3 %

CZR opened at $44.89 on Friday. The firm has a market cap of $9.62 billion, a price-to-earnings ratio of -7.52 and a beta of 2.82. Caesars Entertainment, Inc. has a 52 week low of $35.10 and a 52 week high of $119.81. The business’s 50 day moving average is $43.51 and its two-hundred day moving average is $63.29. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 6.82.

Caesars Entertainment (NASDAQ:CZRGet Rating) last announced its earnings results on Tuesday, May 3rd. The company reported ($2.11) earnings per share for the quarter, beating the consensus estimate of ($2.15) by $0.04. Caesars Entertainment had a negative return on equity of 17.77% and a negative net margin of 12.66%. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period last year, the business posted ($2.06) EPS. The company’s revenue was up 34.9% on a year-over-year basis. On average, research analysts predict that Caesars Entertainment, Inc. will post -1.5 EPS for the current year.

Analyst Upgrades and Downgrades

CZR has been the topic of a number of analyst reports. JPMorgan Chase & Co. initiated coverage on Caesars Entertainment in a research report on Tuesday, June 21st. They issued an “overweight” rating and a $59.00 price target on the stock. Wells Fargo & Company reduced their price target on Caesars Entertainment from $106.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, July 14th. B. Riley reduced their price target on Caesars Entertainment from $149.00 to $128.00 and set a “buy” rating on the stock in a research report on Tuesday, June 28th. Morgan Stanley cut their target price on Caesars Entertainment from $122.00 to $99.00 and set an “overweight” rating on the stock in a research report on Monday, April 25th. Finally, Susquehanna Bancshares began coverage on Caesars Entertainment in a research report on Wednesday, July 20th. They set a “neutral” rating and a $32.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.47.

Caesars Entertainment Profile

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Caesars Entertainment, Inc operates as a gaming and hospitality company in the United States. The company operates casinos comprising poker, keno, and race and online sportsbooks; dining venues, bars, nightclubs, and lounges; hotels; and entertainment venues. It also provides staffing and management services; accessories, souvenirs, and decorative items through retail stores; and online sports betting and iGaming services.

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Institutional Ownership by Quarter for Caesars Entertainment (NASDAQ:CZR)

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