Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Bought by Rafferty Asset Management LLC

Rafferty Asset Management LLC boosted its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZRFree Report) by 2.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,878 shares of the company’s stock after acquiring an additional 945 shares during the period. Rafferty Asset Management LLC’s holdings in Caesars Entertainment were worth $1,588,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Caesars Entertainment by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 23,411,856 shares of the company’s stock valued at $1,085,140,000 after purchasing an additional 129,541 shares during the last quarter. Invesco Ltd. raised 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 buying an additional 293,078 shares during the last quarter. Norges Bank purchased a new position in Caesars Entertainment during the 4th quarter worth $102,213,000. Charles Schwab Investment Management Inc. raised its position in Caesars Entertainment by 5.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,165,196 shares of the company’s stock worth $101,504,000 after buying an additional 112,458 shares during the last quarter. Finally, Northern Trust Corp raised its position in Caesars Entertainment by 3.9% during the 3rd quarter. Northern Trust Corp now owns 1,934,704 shares of the company’s stock worth $89,674,000 after buying an additional 72,008 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Insider Transactions at Caesars Entertainment

In related news, Director Michael E. Pegram acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were acquired at an average cost of $31.96 per share, for a total transaction of $319,600.00. Following the acquisition, the director now directly 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 accessible through this hyperlink. In other Caesars Entertainment news, Director Michael E. Pegram purchased 10,000 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $6,126,636.12. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael E. Pegram purchased 40,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was acquired at an average price of $36.39 per share, for a total transaction of $1,455,600.00. Following the acquisition, the director now directly owns 181,697 shares of the company’s stock, valued at approximately $6,611,953.83. The disclosure for this purchase can be found here. Insiders own 0.64% of the company’s stock.

Caesars Entertainment Trading Up 0.9 %

Shares of CZR stock opened at $36.38 on Tuesday. The firm has a market cap of $7.87 billion, a P/E ratio of 10.31 and a beta of 2.89. Caesars Entertainment, Inc. has a 1-year low of $31.74 and a 1-year high of $60.27. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.69 and a quick ratio of 0.67. The firm’s 50-day simple moving average is $37.40 and its 200-day simple moving average is $41.76.

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

Wall Street Analyst Weigh In

CZR has been the subject of a number of analyst reports. Susquehanna cut their price objective on shares of Caesars Entertainment from $49.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, February 21st. Raymond James began coverage on shares of Caesars Entertainment in a research note on Tuesday, May 21st. They set a “strong-buy” rating and a $55.00 price target on the stock. JMP Securities lowered their price target on shares of Caesars Entertainment from $62.00 to $60.00 and set a “market outperform” rating on the stock in a research note on Thursday, May 2nd. Stifel Nicolaus lowered their price target on shares of Caesars Entertainment from $67.00 to $54.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Finally, Wells Fargo & Company lowered their price objective on shares of Caesars Entertainment from $67.00 to $54.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Caesars Entertainment has an average rating of “Moderate Buy” and an average target price of $55.07.

Get Our Latest Analysis on CZR

Caesars Entertainment Profile

(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.

Featured Stories

Want to see what other hedge funds are holding CZR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caesars Entertainment, Inc. (NASDAQ:CZRFree Report).

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

Receive News & Ratings for Caesars Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caesars Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.