Cerity Partners LLC purchased a new stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR – Get Rating) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,749 shares of the company’s stock, valued at approximately $259,000.
Several other hedge funds have also bought and sold shares of CZR. Crewe Advisors LLC bought a new stake in Caesars Entertainment during the second quarter valued at about $38,000. Manchester Capital Management LLC bought a new position in shares of Caesars Entertainment in the first quarter worth about $77,000. CWM LLC boosted its stake in shares of Caesars Entertainment by 12.6% in the second quarter. CWM LLC now owns 2,212 shares of the company’s stock worth $85,000 after acquiring an additional 248 shares during the period. Covestor Ltd boosted its stake in shares of Caesars Entertainment by 958.7% in the first quarter. Covestor Ltd now owns 1,154 shares of the company’s stock worth $89,000 after acquiring an additional 1,045 shares during the period. Finally, Parallel Advisors LLC boosted its stake in shares of Caesars Entertainment by 982.6% in the second quarter. Parallel Advisors LLC now owns 2,609 shares of the company’s stock worth $100,000 after acquiring an additional 2,368 shares during the period. Institutional investors own 95.55% of the company’s stock.
Insiders Place Their Bets
In other Caesars Entertainment news, Director Michael E. Pegram bought 25,000 shares of the firm’s stock in a transaction dated Friday, November 4th. The stock was acquired at an average cost of $44.74 per share, for a total transaction of $1,118,500.00. Following the completion of the transaction, the director now owns 96,697 shares in the company, valued at $4,326,223.78. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.50% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Caesars Entertainment Stock Down 2.8 %
NASDAQ CZR opened at $48.57 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 6.53. The company has a fifty day moving average of $41.61 and a two-hundred day moving average of $44.16. The firm has a market capitalization of $10.42 billion, a price-to-earnings ratio of -8.77 and a beta of 2.83. Caesars Entertainment, Inc. has a 52 week low of $31.31 and a 52 week high of $97.39.
About Caesars Entertainment
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.
- Get a free copy of the StockNews.com research report on Caesars Entertainment (CZR)
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