Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 6.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,265 shares of the company’s stock after selling 1,694 shares during the period. Nisa Investment Advisors LLC’s holdings in Caesars Entertainment were worth $1,184,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CZR. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Caesars Entertainment during the third quarter worth approximately $32,000. Bessemer Group Inc. increased its position 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 purchasing an additional 1,601 shares during the last quarter. UniSuper Management Pty Ltd acquired a new position in Caesars Entertainment during the second quarter worth approximately $76,000. IFP Advisors Inc increased its position 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 purchasing an additional 988 shares during the last quarter. Finally, Covestor Ltd increased its position 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 purchasing an additional 1,045 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Insider Activity

In other Caesars Entertainment news, Director Michael E. Pegram acquired 15,000 shares of Caesars Entertainment stock in a transaction dated Wednesday, March 6th. The stock was bought at an average price of $41.45 per share, for a total transaction of $621,750.00. Following the transaction, the director now owns 4,612 shares in the company, valued at approximately $191,167.40. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.64% of the company’s stock.

Caesars Entertainment Stock Performance

Shares of CZR opened at $40.22 on Tuesday. The firm has a 50-day moving average price of $42.17 and a 200 day moving average price of $43.79. The firm has a market capitalization of $8.70 billion, a PE ratio of 11.08 and a beta of 2.81. 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 52-week low of $38.33 and a 52-week high of $60.27.

Caesars Entertainment (NASDAQ:CZR) last announced 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 net margin of 6.82% and a return on equity of 4.48%. The company had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the prior year, the company earned ($0.11) EPS. The business’s quarterly revenue was up .1% on a year-over-year basis. On average, sell-side analysts anticipate that Caesars Entertainment, Inc. will post 1.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CZR shares. Barclays dropped their price target on shares of Caesars Entertainment from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, February 21st. Susquehanna decreased their price objective 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. Morgan Stanley boosted 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, April 9th. Deutsche Bank Aktiengesellschaft decreased 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 note on Friday. Finally, Stifel Nicolaus decreased their price objective on shares of Caesars Entertainment from $70.00 to $67.00 and set a “buy” rating for the company in a research note on Thursday, January 18th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $58.18.

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.