Allianz Asset Management GmbH Has $2.11 Million Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Allianz Asset Management GmbH lessened its holdings in Caesars Entertainment, Inc. (NASDAQ:CZRFree Report) by 9.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,015 shares of the company’s stock after selling 4,496 shares during the period. Allianz Asset Management GmbH’s holdings in Caesars Entertainment were worth $2,110,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CZR. Amalgamated Bank increased its holdings in shares of Caesars Entertainment by 8.0% during the third quarter. Amalgamated Bank now owns 59,066 shares of the company’s stock worth $2,738,000 after buying an additional 4,377 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in Caesars Entertainment in the third quarter valued at about $311,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Caesars Entertainment by 3.9% during the third 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. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Caesars Entertainment by 4.6% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 15,618 shares of the company’s stock worth $724,000 after purchasing an additional 684 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Caesars Entertainment in the third quarter valued at approximately $32,000. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Stock Down 1.7 %

Shares of NASDAQ CZR opened at $36.06 on Friday. The firm has a market cap of $7.80 billion, a PE ratio of 10.22 and a beta of 2.89. The company’s fifty day simple moving average is $37.40 and its 200 day simple moving average is $41.82. The company has a quick ratio of 0.67, a current ratio of 0.69 and a debt-to-equity ratio of 2.65. Caesars Entertainment, Inc. has a 12-month low of $31.74 and a 12-month high of $60.27.

Caesars Entertainment (NASDAQ:CZRGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.52). The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.82 billion. Caesars Entertainment had a return on equity of 1.27% and a net margin of 6.68%. As a group, sell-side analysts forecast that Caesars Entertainment, Inc. will post 0.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CZR shares. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Caesars Entertainment from $62.00 to $59.00 and set a “buy” rating on the stock in a report on Friday, April 12th. Truist Financial decreased their price objective on Caesars Entertainment from $58.00 to $52.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. B. Riley started coverage on Caesars Entertainment in a report on Thursday, May 9th. They set a “buy” rating and a $70.00 target price on the stock. Morgan Stanley increased their price target on Caesars Entertainment from $44.00 to $45.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Finally, Barclays cut their price objective on Caesars Entertainment from $65.00 to $63.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $55.07.

Get Our Latest Report on Caesars Entertainment

Insider Activity at Caesars Entertainment

In other Caesars Entertainment news, Director Michael E. Pegram acquired 10,000 shares of the stock in a transaction on Wednesday, May 29th. The shares were purchased at an average price of $31.96 per share, for a total transaction of $319,600.00. Following the completion of the acquisition, the director now owns 191,697 shares in the company, valued at approximately $6,126,636.12. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Michael E. Pegram purchased 10,000 shares of the business’s stock in a transaction on Wednesday, May 29th. The stock was acquired at an average price of $31.96 per share, for a total transaction of $319,600.00. Following the purchase, the director now owns 191,697 shares of the company’s stock, valued at $6,126,636.12. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael E. Pegram acquired 40,000 shares of the stock in a transaction dated Friday, May 3rd. The stock was bought at an average cost of $36.39 per share, with a total value of $1,455,600.00. Following the completion of the purchase, the director now owns 181,697 shares of the company’s stock, valued at $6,611,953.83. The disclosure for this purchase can be found here. 0.64% of the stock is currently owned by insiders.

About Caesars Entertainment

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Caesars Entertainment (NASDAQ:CZR)

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