Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Bought by Cerity Partners LLC

Cerity Partners LLC raised its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 7.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 9,174 shares of the company’s stock after buying an additional 601 shares during the period. Cerity Partners LLC’s holdings in Caesars Entertainment were worth $430,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Geneos Wealth Management Inc. raised its position in shares of Caesars Entertainment by 198.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 6,977 shares of the company’s stock valued at $327,000 after purchasing an additional 4,643 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Caesars Entertainment by 37.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 1,433,641 shares of the company’s stock valued at $67,209,000 after acquiring an additional 387,391 shares during the last quarter. CENTRAL TRUST Co increased its holdings in shares of Caesars Entertainment by 11.9% in the 4th quarter. CENTRAL TRUST Co now owns 17,224 shares of the company’s stock valued at $807,000 after acquiring an additional 1,833 shares during the last quarter. Prime Capital Investment Advisors LLC bought a new stake in shares of Caesars Entertainment in the 4th quarter valued at approximately $237,000. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Caesars Entertainment by 3.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 89,063 shares of the company’s stock valued at $4,259,000 after acquiring an additional 3,022 shares during the last quarter. 91.79% of the stock is owned by institutional investors and hedge funds.

Caesars Entertainment Trading Down 1.1 %

NASDAQ:CZR opened at $38.04 on Friday. Caesars Entertainment, Inc. has a 1 year low of $37.34 and a 1 year high of $60.27. The stock has a market cap of $8.23 billion, a price-to-earnings ratio of 10.48 and a beta of 2.81. The business has a fifty day moving average of $41.48 and a 200-day moving average of $43.47. 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 (NASDAQ:CZR) last released its quarterly earnings results on Tuesday, February 20th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the previous year, the company posted ($0.11) EPS. The company’s revenue for the quarter was up .1% compared to the same quarter last year. Equities analysts predict that Caesars Entertainment, Inc. will post 1.07 earnings per share for the current year.

Analyst Ratings Changes

CZR has been the subject of a number of research analyst reports. Barclays lowered their price target on Caesars Entertainment from $65.00 to $63.00 and set an “overweight” rating for the company in a report on Friday, April 19th. Susquehanna lowered their price target on Caesars Entertainment from $49.00 to $44.00 and set a “neutral” rating for the company in a report on Wednesday, February 21st. JPMorgan Chase & Co. lowered their price target on Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating for the company in a report on Tuesday, January 9th. Wells Fargo & Company lowered their price target on Caesars Entertainment from $72.00 to $68.00 and set an “overweight” rating for the company in a report on Wednesday, February 21st. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Caesars Entertainment from $62.00 to $59.00 and set a “buy” rating for the company in a research note on Friday, April 12th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $57.36.

Insider Transactions at Caesars Entertainment

In other news, Director Michael E. Pegram acquired 15,000 shares of the business’s stock in a transaction dated 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 acquisition, the director now directly owns 4,612 shares in the company, valued at approximately $191,167.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 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.