Asset Management One Co. Ltd. Purchases 3,022 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Asset Management One Co. Ltd. increased its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 3.5% during the 4th quarter, Holdings Channel reports. The firm owned 89,063 shares of the company’s stock after acquiring an additional 3,022 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Caesars Entertainment were worth $4,259,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CZR. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Caesars Entertainment during the third quarter worth $32,000. Bessemer Group Inc. lifted its holdings in Caesars Entertainment by 4,708.8% during the fourth quarter. Bessemer Group Inc. now owns 1,635 shares of the company’s stock worth $68,000 after buying an additional 1,601 shares during the period. UniSuper Management Pty Ltd purchased a new stake in Caesars Entertainment during the second quarter worth $76,000. IFP Advisors Inc lifted its holdings in Caesars Entertainment by 139.5% during the second quarter. IFP Advisors Inc now owns 1,696 shares of the company’s stock worth $86,000 after buying an additional 988 shares during the period. Finally, Covestor Ltd lifted its holdings in Caesars Entertainment by 958.7% during the first quarter. Covestor Ltd now owns 1,154 shares of the company’s stock worth $89,000 after buying an additional 1,045 shares during the period. Institutional investors own 91.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CZR shares. Barclays decreased their price objective on Caesars Entertainment from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, February 21st. Morgan Stanley increased their price objective on Caesars Entertainment from $44.00 to $45.00 and gave the company an “equal weight” rating in a report on Tuesday. Wells Fargo & Company decreased their price objective on Caesars Entertainment from $72.00 to $68.00 and set an “overweight” rating for the company in a report on Wednesday, February 21st. Susquehanna decreased their price objective on Caesars Entertainment from $49.00 to $44.00 and set a “neutral” rating for the company in a report on Wednesday, February 21st. Finally, Stifel Nicolaus decreased their price objective on Caesars Entertainment from $70.00 to $67.00 and set a “buy” rating for the company in a report on Thursday, January 18th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $58.45.

Caesars Entertainment Stock Performance

Shares of CZR stock opened at $42.22 on Friday. The firm has a market capitalization of $9.13 billion, a price-to-earnings ratio of 11.63 and a beta of 2.81. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.76 and a quick ratio of 0.74. The business has a fifty day moving average of $42.29 and a 200 day moving average of $43.90. Caesars Entertainment, Inc. has a 1 year low of $38.33 and a 1 year high of $60.27.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Tuesday, February 20th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.31). The firm had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Caesars Entertainment had a return on equity of 4.48% and a net margin of 6.82%. The business’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the business earned ($0.11) EPS. As a group, research analysts expect that Caesars Entertainment, Inc. will post 1.1 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Michael E. Pegram purchased 15,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were bought at an average cost of $41.45 per share, with a total value of $621,750.00. Following the transaction, the director now owns 4,612 shares of the company’s stock, valued at $191,167.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.64% of the stock is owned by insiders.

Caesars Entertainment Company Profile

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 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 retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.