Great West Life Assurance Co. Can Makes New Investment in Caesars Entertainment, Inc. (NASDAQ:CZR)

Great West Life Assurance Co. Can bought a new stake in Caesars Entertainment, Inc. (NASDAQ:CZRGet Rating) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 106,726 shares of the company’s stock, valued at approximately $3,440,000.

Several other hedge funds have also recently bought and sold shares of CZR. Raymond James Financial Services Advisors Inc. increased its holdings in Caesars Entertainment by 6.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 10,298 shares of the company’s stock valued at $797,000 after buying an additional 666 shares during the period. American Century Companies Inc. increased its holdings in Caesars Entertainment by 10.8% in the 1st quarter. American Century Companies Inc. now owns 9,416 shares of the company’s stock valued at $728,000 after buying an additional 914 shares during the period. Cetera Advisor Networks LLC bought a new position in Caesars Entertainment in the 1st quarter valued at about $268,000. PNC Financial Services Group Inc. increased its holdings in Caesars Entertainment by 32.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,526 shares of the company’s stock valued at $351,000 after buying an additional 1,119 shares during the period. Finally, Panagora Asset Management Inc. grew its holdings in shares of Caesars Entertainment by 2.4% during the 1st quarter. Panagora Asset Management Inc. now owns 9,874 shares of the company’s stock valued at $764,000 after purchasing an additional 236 shares during the last quarter. 93.88% of the stock is owned by institutional investors.

Caesars Entertainment Stock Up 5.9 %

Shares of NASDAQ CZR opened at $50.34 on Tuesday. The company has a market capitalization of $10.80 billion, a P/E ratio of -9.09 and a beta of 2.83. Caesars Entertainment, Inc. has a 52-week low of $31.31 and a 52-week high of $89.80. The company has a debt-to-equity ratio of 6.53, a quick ratio of 0.78 and a current ratio of 0.80. The company’s 50 day moving average price is $47.18 and its 200-day moving average price is $44.33.

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

Insider Activity at Caesars Entertainment

In related news, Director Michael E. Pegram bought 25,000 shares of the company’s stock in a transaction that occurred on Friday, November 4th. The shares were bought 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 of the company’s stock, valued at $4,326,223.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Cowen decreased their price target on shares of Caesars Entertainment to $75.00 in a report on Thursday, October 20th. Susquehanna Bancshares decreased their price target on shares of Caesars Entertainment from $32.00 to $27.00 and set a “negative” rating on the stock in a report on Monday, October 3rd. Bank of America decreased their price target on shares of Caesars Entertainment from $55.00 to $50.00 in a report on Wednesday, January 4th. Wells Fargo & Company lifted their price target on shares of Caesars Entertainment from $64.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, November 2nd. Finally, StockNews.com began coverage on shares of Caesars Entertainment in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Two research 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $67.64.

Caesars Entertainment Company Profile

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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.

Further Reading

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

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