Prime Capital Investment Advisors LLC Purchases New Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Prime Capital Investment Advisors LLC purchased a new stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 5,062 shares of the company’s stock, valued at approximately $237,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CZR. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Caesars Entertainment during the 3rd quarter worth approximately $32,000. Bessemer Group Inc. boosted its position in Caesars Entertainment by 4,708.8% during the 4th 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 acquired a new stake in Caesars Entertainment during the 2nd quarter worth approximately $76,000. IFP Advisors Inc boosted its position in Caesars Entertainment by 139.5% during the 2nd 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 boosted its position in Caesars Entertainment by 958.7% during the 1st 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. 91.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CZR. Morgan Stanley boosted their price target 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. JPMorgan Chase & Co. dropped their price target on shares of Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 9th. Stifel Nicolaus dropped their price target on shares of Caesars Entertainment from $70.00 to $67.00 and set a “buy” rating on the stock in a research report on Thursday, January 18th. 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 report on Wednesday, February 21st. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Caesars Entertainment from $62.00 to $59.00 and set a “buy” rating on the stock in a research report on Friday. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Caesars Entertainment presently has a consensus rating of “Moderate Buy” and an average target price of $58.18.

Caesars Entertainment Stock Down 5.0 %

Caesars Entertainment stock opened at $40.10 on Friday. 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, Inc. has a 12-month low of $38.33 and a 12-month high of $60.27. The firm’s fifty day moving average is $42.23 and its 200 day moving average is $43.85. The company has a market capitalization of $8.67 billion, a PE ratio of 11.05 and a beta of 2.81.

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). The company had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.85 billion. Caesars Entertainment had a net margin of 6.82% and a return on equity of 4.48%. The firm’s revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.11) EPS. As a group, sell-side analysts predict that Caesars Entertainment, Inc. will post 1.14 EPS for the current fiscal year.

Insider Buying and Selling at Caesars Entertainment

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

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.