US Bancorp DE Lowers Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

US Bancorp DE decreased its position in Caesars Entertainment, Inc. (NASDAQ:CZRGet Rating) by 5.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,968 shares of the company’s stock after selling 1,072 shares during the period. US Bancorp DE’s holdings in Caesars Entertainment were worth $611,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Wipfli Financial Advisors LLC bought a new position in Caesars Entertainment in the third quarter worth approximately $25,000. Quadrant Capital Group LLC raised its stake in Caesars Entertainment by 60.5% in the second quarter. Quadrant Capital Group LLC now owns 777 shares of the company’s stock worth $30,000 after buying an additional 293 shares in the last quarter. Hexagon Capital Partners LLC bought a new position in Caesars Entertainment in the third quarter worth approximately $29,000. American National Bank bought a new position in Caesars Entertainment in the third quarter worth approximately $31,000. Finally, Crewe Advisors LLC bought a new position in Caesars Entertainment in the second quarter worth approximately $38,000. Hedge funds and other institutional investors own 93.88% of the company’s stock.

Wall Street Analyst Weigh In

CZR has been the subject of a number of recent research reports. StockNews.com initiated coverage on shares of Caesars Entertainment in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Susquehanna Bancshares reduced their price target on Caesars Entertainment from $32.00 to $27.00 and set a “negative” rating on the stock in a research report on Monday, October 3rd. Wells Fargo & Company upped their price target on Caesars Entertainment from $64.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 2nd. Susquehanna reduced their price target on Caesars Entertainment from $32.00 to $27.00 and set a “negative” rating on the stock in a research report on Monday, October 3rd. Finally, Truist Financial reduced their price target on Caesars Entertainment from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, October 25th. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $67.64.

Caesars Entertainment Trading Up 4.4 %

CZR stock opened at $47.52 on Friday. The company’s 50-day simple moving average is $47.21 and its 200-day simple moving average is $44.24. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 6.53. Caesars Entertainment, Inc. has a 52-week low of $31.31 and a 52-week high of $89.80. The firm has a market cap of $10.20 billion, a P/E ratio of -8.58 and a beta of 2.83.

Caesars Entertainment (NASDAQ:CZRGet Rating) last posted its earnings results on Tuesday, November 1st. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.09. Caesars Entertainment had a negative net margin of 11.18% and a negative return on equity of 15.21%. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.84 billion. As a group, equities analysts forecast that Caesars Entertainment, Inc. will post -1.56 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Michael E. Pegram purchased 25,000 shares of Caesars Entertainment stock in a transaction that occurred on Friday, November 4th. The stock was purchased at an average price of $44.74 per share, for a total transaction of $1,118,500.00. Following the transaction, the director now directly 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 at this link. Insiders own 0.50% of the company’s stock.

Caesars Entertainment Profile

(Get Rating)

Caesars Holdings, Inc is a holding company, which engages in the provision of casino-entertainment and hospitality services. It operates through the following segments: Las Vegas, Other U.S., and All Other. The All Other segment includes managed and international properties as well as other business, such as Caesars Interactive Entertainment.

Featured Stories

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

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.