Caesars Entertainment, Inc. (NASDAQ:CZR) Position Lowered by TD Asset Management Inc

TD Asset Management Inc lowered its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR – Get Rating) by 21.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,131 shares of the company’s stock after selling 14,722 shares during the period. TD Asset Management Inc’s holdings in Caesars Entertainment were worth $2,293,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CZR. Utah Retirement Systems raised its holdings in Caesars Entertainment by 0.6% in the 3rd quarter. Utah Retirement Systems now owns 36,500 shares of the company’s stock worth $1,178,000 after acquiring an additional 200 shares during the period. Louisiana State Employees Retirement System lifted its position in Caesars Entertainment by 1.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 13,900 shares of the company’s stock worth $578,000 after buying an additional 200 shares in the last quarter. Czech National Bank grew its position in shares of Caesars Entertainment by 0.9% in the 4th quarter. Czech National Bank now owns 25,115 shares of the company’s stock valued at $1,045,000 after acquiring an additional 213 shares during the period. CWM LLC raised its position in shares of Caesars Entertainment by 5.8% in the fourth quarter. CWM LLC now owns 4,017 shares of the company’s stock valued at $167,000 after purchasing an additional 219 shares during the period. Finally, Centaurus Financial Inc. raised its position in shares of Caesars Entertainment by 19.3% in the first quarter. Centaurus Financial Inc. now owns 1,412 shares of the company’s stock valued at $109,000 after buying an additional 228 shares in the last quarter. Institutional investors own 93.88% of the company’s stock.

Insiders Place Their Bets

In related news, Director Michael E. Pegram bought 25,000 shares of the stock in a transaction that occurred on Friday, May 5th. The shares were bought at an average cost of $45.02 per share, for a total transaction of $1,125,500.00. Following the completion of the transaction, the director now owns 121,697 shares of the company’s stock, valued at $5,478,798.94. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

CZR has been the topic of a number of recent analyst reports. Morgan Stanley lifted their target price on Caesars Entertainment from $52.00 to $57.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 1st. JPMorgan Chase & Co. lifted their price objective on Caesars Entertainment from $67.00 to $69.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 22nd. StockNews.com raised shares of Caesars Entertainment from a “hold” rating to a “buy” rating in a research report on Monday. Wells Fargo & Company raised their price target on shares of Caesars Entertainment from $72.00 to $74.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 25th. Finally, Barclays lifted their target price on shares of Caesars Entertainment from $66.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 22nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $65.62.

Caesars Entertainment Trading Up 1.3 %

NASDAQ:CZR opened at $45.27 on Tuesday. Caesars Entertainment, Inc. has a one year low of $31.31 and a one year high of $59.08. The company has a debt-to-equity ratio of 7.03, a current ratio of 0.85 and a quick ratio of 0.77. The firm has a market capitalization of $9.74 billion, a P/E ratio of -27.27 and a beta of 2.89. The company’s 50-day simple moving average is $45.91 and its 200 day simple moving average is $47.37.

Caesars Entertainment (NASDAQ:CZR – Get Rating) last announced its earnings results on Tuesday, February 21st. The company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.07. The business had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.82 billion. Caesars Entertainment had a negative net margin of 3.13% and a positive return on equity of 2.24%. As a group, analysts forecast that Caesars Entertainment, Inc. will post 0.93 EPS for the current fiscal year.

About Caesars Entertainment

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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.