Private Trust Co. NA Trims Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Private Trust Co. NA cut its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 41.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 636 shares of the company’s stock after selling 452 shares during the quarter. Private Trust Co. NA’s holdings in Caesars Entertainment were worth $30,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Arizona State Retirement System raised its position in Caesars Entertainment by 0.8% during the 4th quarter. Arizona State Retirement System now owns 59,170 shares of the company’s stock worth $2,774,000 after buying an additional 457 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of Caesars Entertainment by 13.6% during the 4th quarter. Venturi Wealth Management LLC now owns 9,548 shares of the company’s stock worth $448,000 after purchasing an additional 1,142 shares during the period. DAVENPORT & Co LLC grew its stake in shares of Caesars Entertainment by 2.0% during the 4th quarter. DAVENPORT & Co LLC now owns 51,782 shares of the company’s stock worth $2,428,000 after purchasing an additional 1,001 shares during the period. Osborne Partners Capital Management LLC grew its stake in shares of Caesars Entertainment by 2.2% during the 4th quarter. Osborne Partners Capital Management LLC now owns 230,284 shares of the company’s stock worth $10,796,000 after purchasing an additional 5,004 shares during the period. Finally, Fifth Third Bancorp grew its stake in shares of Caesars Entertainment by 32.3% during the 4th quarter. Fifth Third Bancorp now owns 9,471 shares of the company’s stock worth $444,000 after purchasing an additional 2,310 shares during the period. 91.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Caesars Entertainment

In other news, Director Michael E. Pegram acquired 15,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were bought at an average price of $41.45 per share, for a total transaction of $621,750.00. Following the acquisition, the director now owns 4,612 shares of the company’s stock, valued at approximately $191,167.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.64% of the stock is currently owned by insiders.

Caesars Entertainment Trading Up 1.7 %

Shares of CZR stock opened at $42.22 on Friday. The stock’s fifty day moving average is $42.29 and its two-hundred day moving average is $43.90. The company has a debt-to-equity ratio of 2.59, a quick ratio of 0.74 and a current ratio of 0.76. The firm has a market capitalization of $9.13 billion, a P/E ratio of 11.63 and a beta of 2.81. Caesars Entertainment, Inc. has a fifty-two week low of $38.33 and a fifty-two week high of $60.27.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings data on Tuesday, February 20th. The company reported ($0.34) earnings per share 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 net margin of 6.82% and a return on equity of 4.48%. The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.11) EPS. Research analysts expect that Caesars Entertainment, Inc. will post 1.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on CZR. Morgan Stanley raised their price objective on shares of Caesars Entertainment from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Caesars Entertainment from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. JMP Securities reaffirmed a “market outperform” rating and set a $65.00 price objective on shares of Caesars Entertainment in a research note on Wednesday, February 21st. Wells Fargo & Company dropped their price target on shares of Caesars Entertainment from $72.00 to $68.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 21st. Finally, Barclays dropped their price target on shares of Caesars Entertainment from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 21st. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.45.

About Caesars Entertainment

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.