Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. increased its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 21.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 615,915 shares of the company’s stock after purchasing an additional 107,120 shares during the quarter. Victory Capital Management Inc.’s holdings in Caesars Entertainment were worth $28,874,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Caesars Entertainment by 0.6% during the third quarter. Vanguard Group Inc. now owns 23,411,856 shares of the company’s stock worth $1,085,140,000 after buying an additional 129,541 shares during the period. Invesco Ltd. boosted its position in Caesars Entertainment by 8.7% during the 3rd quarter. Invesco Ltd. now owns 3,657,416 shares of the company’s stock worth $169,521,000 after purchasing an additional 293,078 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Caesars Entertainment by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,052,738 shares of the company’s stock valued at $95,144,000 after purchasing an additional 77,595 shares in the last quarter. Northern Trust Corp raised its position in Caesars Entertainment by 3.9% in the third quarter. Northern Trust Corp now owns 1,934,704 shares of the company’s stock valued at $89,674,000 after purchasing an additional 72,008 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of Caesars Entertainment by 37.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 1,433,641 shares of the company’s stock worth $67,209,000 after purchasing an additional 387,391 shares in the last quarter. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Stock Performance

Shares of CZR stock opened at $36.35 on Wednesday. The stock has a market capitalization of $7.87 billion, a price-to-earnings ratio of 10.30 and a beta of 2.83. Caesars Entertainment, Inc. has a one year low of $35.09 and a one year high of $60.27. The company’s 50-day simple moving average is $40.46 and its 200-day simple moving average is $43.01. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.67 and a current ratio of 0.69.

Caesars Entertainment (NASDAQ:CZR) last released its earnings results on Tuesday, February 20th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.31). Caesars Entertainment had a return on equity of 1.27% and a net margin of 6.68%. The firm had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the prior year, the business earned ($0.11) EPS. The company’s quarterly revenue was up .1% on a year-over-year basis. Equities analysts anticipate that Caesars Entertainment, Inc. will post 0.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on CZR shares. JPMorgan Chase & Co. dropped their target price on Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating on the stock in a report on Tuesday, January 9th. JMP Securities reduced their target price on shares of Caesars Entertainment from $62.00 to $60.00 and set a “market outperform” rating on the stock in a research report on Thursday, May 2nd. Morgan Stanley upped their target price on shares of Caesars Entertainment from $44.00 to $45.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Caesars Entertainment from $62.00 to $59.00 and set a “buy” rating on the stock in a research note on Friday, April 12th. Finally, Stifel Nicolaus decreased their price objective on shares of Caesars Entertainment from $67.00 to $54.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $53.83.

Insider Buying and Selling

In other Caesars Entertainment news, Director Michael E. Pegram bought 40,000 shares of the stock in a transaction on Friday, May 3rd. The stock was purchased at an average price of $36.39 per share, for a total transaction of $1,455,600.00. Following the completion of the purchase, the director now directly owns 181,697 shares in the company, valued at $6,611,953.83. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Michael E. Pegram purchased 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were acquired at an average price of $41.45 per share, with a total value of $621,750.00. Following the acquisition, the director now owns 4,612 shares in the company, valued at approximately $191,167.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael E. Pegram acquired 40,000 shares of Caesars Entertainment stock in a transaction that occurred on Friday, May 3rd. The shares were bought at an average price of $36.39 per share, with a total value of $1,455,600.00. Following the transaction, the director now directly owns 181,697 shares in the company, valued at $6,611,953.83. The disclosure for this purchase can be found here. 0.64% of the stock is currently owned by company insiders.

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.