Natixis Advisors L.P. Sells 39,064 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Natixis Advisors L.P. lessened its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 42.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,037 shares of the company’s stock after selling 39,064 shares during the quarter. Natixis Advisors L.P.’s holdings in Caesars Entertainment were worth $2,540,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. raised its stake in shares of Caesars Entertainment by 6.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 10,298 shares of the company’s stock worth $797,000 after purchasing an additional 666 shares during the last quarter. American Century Companies Inc. boosted its holdings in Caesars Entertainment by 10.8% during the 1st quarter. American Century Companies Inc. now owns 9,416 shares of the company’s stock worth $728,000 after acquiring an additional 914 shares during the last quarter. Cetera Advisor Networks LLC bought a new stake in shares of Caesars Entertainment in the 1st quarter worth $268,000. PNC Financial Services Group Inc. raised its holdings in shares of Caesars Entertainment by 32.8% in the first quarter. PNC Financial Services Group Inc. now owns 4,526 shares of the company’s stock valued at $351,000 after purchasing an additional 1,119 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its stake in Caesars Entertainment by 2.4% in the 1st quarter. Panagora Asset Management Inc. now owns 9,874 shares of the company’s stock valued at $764,000 after buying an additional 236 shares during the last quarter. 91.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Caesars Entertainment

In other Caesars Entertainment news, CEO Thomas Reeg purchased 7,500 shares of Caesars Entertainment stock in a transaction that occurred on Wednesday, June 14th. The shares were bought at an average price of $49.43 per share, for a total transaction of $370,725.00. Following the acquisition, the chief executive officer now directly owns 17,500 shares in the company, valued at $865,025. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Thomas Reeg acquired 7,500 shares of Caesars Entertainment stock in a transaction on Wednesday, June 14th. The shares were acquired at an average cost of $49.43 per share, with a total value of $370,725.00. Following the transaction, the chief executive officer now owns 17,500 shares in the company, valued at $865,025. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Stephanie Lepori sold 33,282 shares of Caesars Entertainment stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $51.70, for a total transaction of $1,720,679.40. Following the sale, the chief accounting officer now directly owns 41,910 shares in the company, valued at approximately $2,166,747. The disclosure for this sale can be found here. Corporate insiders own 0.64% of the company’s stock.

Caesars Entertainment Trading Up 0.9 %

Shares of CZR stock opened at $55.75 on Friday. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.78 and a quick ratio of 0.76. The business has a 50-day moving average of $53.68 and a 200 day moving average of $48.93. The stock has a market capitalization of $12.00 billion, a PE ratio of 17.59 and a beta of 2.91. Caesars Entertainment, Inc. has a 1-year low of $31.31 and a 1-year high of $60.27.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Tuesday, August 1st. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.49. Caesars Entertainment had a net margin of 6.03% and a return on equity of 5.71%. The firm had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.86 billion. As a group, sell-side analysts anticipate that Caesars Entertainment, Inc. will post 1.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CZR has been the topic of a number of research analyst reports. TheStreet raised shares of Caesars Entertainment from a “d” rating to a “c-” rating in a report on Friday, August 4th. Morgan Stanley reissued an “equal weight” rating and issued a $56.00 target price on shares of Caesars Entertainment in a research report on Wednesday, August 2nd. Susquehanna raised Caesars Entertainment from a “negative” rating to a “neutral” rating and lifted their price objective for the stock from $27.00 to $39.00 in a report on Thursday, May 25th. Stifel Nicolaus lifted their price objective on shares of Caesars Entertainment from $68.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Finally, Barclays raised their price target on Caesars Entertainment from $72.00 to $74.00 and gave the stock an “overweight” rating in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $66.67.

Caesars Entertainment Company Profile

Caesars Entertainment, Inc operates as a gaming and hospitality company in the United States. The company owns, leases, or manages domestic properties in 16 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts sports wagering across 28 jurisdictions in North America, including mobile for sports betting and regulated online real money gaming in six jurisdictions in North America; retail and online gaming and sports betting; and other games, such as keno.