GAMMA Investing LLC Takes Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

GAMMA Investing LLC bought a new stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 2,247 shares of the company’s stock, valued at approximately $99,000.

Several other hedge funds have also recently made changes to their positions in CZR. Czech National Bank raised its position in Caesars Entertainment by 47.6% in the 3rd quarter. Czech National Bank now owns 37,628 shares of the company’s stock worth $1,744,000 after purchasing an additional 12,142 shares during the period. Asset Management One Co. Ltd. raised its position in Caesars Entertainment by 7.2% in the 3rd quarter. Asset Management One Co. Ltd. now owns 86,041 shares of the company’s stock worth $3,988,000 after purchasing an additional 5,750 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Caesars Entertainment by 24.1% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 65,896 shares of the company’s stock worth $3,054,000 after purchasing an additional 12,800 shares during the period. Kingswood Wealth Advisors LLC purchased a new stake in Caesars Entertainment in the 3rd quarter worth about $373,000. Finally, Bank of New York Mellon Corp grew its stake in Caesars Entertainment by 3.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,293,853 shares of the company’s stock worth $59,970,000 after acquiring an additional 40,689 shares in the last quarter. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Caesars Entertainment news, Director Michael E. Pegram bought 15,000 shares of Caesars Entertainment stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average price of $41.45 per share, with a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.64% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CZR has been the topic of a number of research analyst reports. Barclays dropped their target price on shares of Caesars Entertainment from $65.00 to $63.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. StockNews.com downgraded shares of Caesars Entertainment from a “buy” rating to a “hold” rating in a research note on Monday, January 1st. Wells Fargo & Company dropped their target price on shares of Caesars Entertainment from $72.00 to $68.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 21st. Susquehanna dropped their target price on shares of Caesars Entertainment from $49.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 21st. Finally, JPMorgan Chase & Co. dropped 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 note on Tuesday, January 9th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $57.36.

Caesars Entertainment Trading Down 3.8 %

Shares of Caesars Entertainment stock opened at $36.61 on Monday. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.76 and a quick ratio of 0.74. The firm has a fifty day moving average price of $41.26 and a 200 day moving average price of $43.34. Caesars Entertainment, Inc. has a 1 year low of $36.34 and a 1 year high of $60.27. The stock has a market cap of $7.92 billion, a PE ratio of 10.09 and a beta of 2.81.

Caesars Entertainment (NASDAQ:CZR) last issued its 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 for the quarter, compared to analysts’ expectations of $2.85 billion. During the same period last year, the business earned ($0.11) EPS. The company’s revenue for the quarter was up .1% on a year-over-year basis. Equities research analysts predict that Caesars Entertainment, Inc. will post 1.02 earnings per share for the current 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.