DekaBank Deutsche Girozentrale Sells 13,119 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

DekaBank Deutsche Girozentrale lessened its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 37.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 21,705 shares of the company’s stock after selling 13,119 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Caesars Entertainment were worth $1,033,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Caesars Entertainment by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 23,411,856 shares of the company’s stock valued at $1,085,140,000 after purchasing an additional 129,541 shares during the last quarter. BlackRock Inc. boosted its holdings in Caesars Entertainment by 3.9% in the first quarter. BlackRock Inc. now owns 18,038,618 shares of the company’s stock valued at $880,465,000 after acquiring an additional 676,512 shares in the last quarter. Point Break Capital Management LLC increased its position in Caesars Entertainment by 10.3% during the 1st quarter. Point Break Capital Management LLC now owns 10,617,833 shares of the company’s stock valued at $821,396,000 after purchasing an additional 987,230 shares during the period. State Street Corp raised its holdings in Caesars Entertainment by 4.4% in the 2nd quarter. State Street Corp now owns 7,883,415 shares of the company’s stock worth $401,818,000 after purchasing an additional 329,604 shares in the last quarter. Finally, Capital International Investors lifted its position in shares of Caesars Entertainment by 2.9% in the 1st quarter. Capital International Investors now owns 4,965,083 shares of the company’s stock worth $384,099,000 after purchasing an additional 140,802 shares during the period. Institutional investors own 91.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CZR. Morgan Stanley lifted their price objective on Caesars Entertainment from $44.00 to $45.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. StockNews.com lowered Caesars Entertainment from a “buy” rating to a “hold” rating in a research report on Monday, January 1st. JMP Securities reiterated a “market outperform” rating and issued a $65.00 price objective on shares of Caesars Entertainment in a report on Wednesday, February 21st. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Caesars Entertainment from $62.00 to $59.00 and set a “buy” rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. reduced their target price 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. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $58.18.

Insider Activity at Caesars Entertainment

In related news, Director Michael E. Pegram purchased 15,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average price of $41.45 per share, with a total value of $621,750.00. Following the acquisition, the director now directly owns 4,612 shares in the company, valued at approximately $191,167.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.64% of the stock is currently owned by insiders.

Caesars Entertainment Stock Performance

Shares of CZR stock opened at $40.10 on Monday. The company 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 debt-to-equity ratio of 2.59, a quick ratio of 0.74 and a current ratio of 0.76. Caesars Entertainment, Inc. has a one year low of $38.33 and a one year high of $60.27. The company’s 50-day moving average is $42.23 and its 200 day moving average is $43.83.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Tuesday, February 20th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.31). Caesars Entertainment had a net margin of 6.82% and a return on equity of 4.48%. The firm had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same period last year, the business earned ($0.11) EPS. Caesars Entertainment’s revenue was up .1% on a year-over-year basis. Sell-side analysts expect that Caesars Entertainment, Inc. will post 1.14 EPS for the current fiscal year.

Caesars Entertainment 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.