Geneos Wealth Management Inc. Boosts Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Geneos Wealth Management Inc. boosted its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 198.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,977 shares of the company’s stock after buying an additional 4,643 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Caesars Entertainment were worth $327,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Caesars Entertainment by 6.9% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 10,298 shares of the company’s stock valued at $797,000 after purchasing an additional 666 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of 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 purchasing an additional 914 shares during the period. Cetera Advisor Networks LLC acquired a new position in shares of Caesars Entertainment in the 1st quarter valued at $268,000. PNC Financial Services Group Inc. lifted its stake in shares of 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 purchasing an additional 1,119 shares during the period. Finally, Panagora Asset Management Inc. lifted its stake in shares of 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 purchasing an additional 236 shares during the period. 91.79% of the stock is owned by hedge funds and other institutional investors.

Caesars Entertainment Price Performance

Caesars Entertainment stock opened at $40.10 on Friday. Caesars Entertainment, Inc. has a 52-week low of $38.33 and a 52-week high of $60.27. The firm has a market capitalization of $8.67 billion, a price-to-earnings ratio of 11.05 and a beta of 2.81. The company has a fifty day simple moving average of $42.23 and a 200-day simple moving average of $43.85. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 2.59.

Caesars Entertainment (NASDAQ:CZR) last released 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). Caesars Entertainment had a return on equity of 4.48% and a net margin of 6.82%. The business had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same period in the previous year, the company earned ($0.11) EPS. Caesars Entertainment’s quarterly revenue was up .1% compared to the same quarter last year. On average, equities analysts anticipate that Caesars Entertainment, Inc. will post 1.14 EPS for the current fiscal year.

Insider Activity at Caesars Entertainment

In other news, Director Michael E. Pegram acquired 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average price of $41.45 per share, with a total value of $621,750.00. Following the completion of the acquisition, the director now owns 4,612 shares of the company’s stock, valued at approximately $191,167.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.64% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CZR. Susquehanna decreased their target price on shares of Caesars Entertainment from $49.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, February 21st. Wells Fargo & Company reduced their price objective on shares of Caesars Entertainment from $72.00 to $68.00 and set an “overweight” rating for the company in a research report on Wednesday, February 21st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Caesars Entertainment from $62.00 to $59.00 and set a “buy” rating for the company in a research report on Friday. Morgan Stanley upped 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 report on Tuesday, April 9th. Finally, StockNews.com cut shares of Caesars Entertainment from a “buy” rating to a “hold” rating in a research report on Monday, January 1st. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.18.

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.