Sumitomo Mitsui Trust Holdings Inc. Trims Stock Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Sumitomo Mitsui Trust Holdings Inc. trimmed its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 449,289 shares of the company’s stock after selling 10,794 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.21% of Caesars Entertainment worth $21,063,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CZR. Louisiana State Employees Retirement System bought a new stake in Caesars Entertainment in the fourth quarter worth $609,000. WCM Investment Management LLC boosted its holdings in Caesars Entertainment by 9.3% in the fourth quarter. WCM Investment Management LLC now owns 334,335 shares of the company’s stock worth $15,988,000 after acquiring an additional 28,554 shares in the last quarter. Aquila Investment Management LLC boosted its holdings in Caesars Entertainment by 7.1% in the fourth quarter. Aquila Investment Management LLC now owns 45,000 shares of the company’s stock worth $2,110,000 after acquiring an additional 3,000 shares in the last quarter. Round Rock Advisors LLC bought a new stake in Caesars Entertainment in the fourth quarter worth $1,585,000. Finally, Cerity Partners LLC boosted its holdings in Caesars Entertainment by 7.0% in the fourth quarter. Cerity Partners LLC now owns 9,174 shares of the company’s stock worth $430,000 after acquiring an additional 601 shares in the last quarter. 91.79% of the stock is owned by hedge funds and other institutional investors.

Caesars Entertainment Stock Up 0.6 %

CZR stock opened at $38.42 on Tuesday. Caesars Entertainment, Inc. has a fifty-two week low of $37.71 and a fifty-two week high of $60.27. The business’s 50-day moving average is $41.63 and its two-hundred day moving average is $43.55. 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 company has a market cap of $8.31 billion, a price-to-earnings ratio of 10.58 and a beta of 2.81.

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results 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 the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.11) EPS. As a group, analysts forecast that Caesars Entertainment, Inc. will post 1.07 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CZR. JMP Securities lowered their price target on Caesars Entertainment from $65.00 to $62.00 and set a “market outperform” rating on the stock in a report on Friday. Barclays lowered their price target on Caesars Entertainment from $65.00 to $63.00 and set an “overweight” rating on the stock in a report on Friday. Deutsche Bank Aktiengesellschaft lowered their price target on Caesars Entertainment from $62.00 to $59.00 and set a “buy” rating on the stock in a report on Friday, April 12th. Stifel Nicolaus lowered their price target on Caesars Entertainment from $70.00 to $67.00 and set a “buy” rating on the stock in a report on Thursday, January 18th. Finally, JPMorgan Chase & Co. lowered their price target on Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating on the stock in a report on Tuesday, January 9th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $57.73.

Insiders Place Their Bets

In related news, Director Michael E. Pegram purchased 15,000 shares of Caesars Entertainment 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 completion of the transaction, the director now directly owns 4,612 shares in the company, valued at approximately $191,167.40. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.64% of the company’s stock.

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.