Daiwa Securities Group Inc. Has $931,000 Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Daiwa Securities Group Inc. increased its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZRFree Report) by 11.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,288 shares of the company’s stock after acquiring an additional 2,221 shares during the period. Daiwa Securities Group Inc.’s holdings in Caesars Entertainment were worth $931,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Caesars Entertainment in the fourth quarter valued at about $102,213,000. Capital World Investors lifted its stake in Caesars Entertainment by 9.1% in the 4th quarter. Capital World Investors now owns 11,024,448 shares of the company’s stock valued at $516,826,000 after acquiring an additional 916,282 shares in the last quarter. Vision One Management Partners LP acquired a new position in Caesars Entertainment during the 4th quarter worth approximately $28,754,000. Nordea Investment Management AB grew its stake in shares of Caesars Entertainment by 338.0% during the 4th quarter. Nordea Investment Management AB now owns 534,723 shares of the company’s stock worth $25,223,000 after acquiring an additional 412,631 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Caesars Entertainment by 37.0% in 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. 91.79% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Frank J. Fahrenkopf, Jr. sold 10,000 shares of Caesars Entertainment stock in a transaction on Friday, May 31st. The shares were sold at an average price of $32.52, for a total transaction of $325,200.00. Following the transaction, the director now owns 350 shares in the company, valued at $11,382. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Frank J. Fahrenkopf, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $32.52, for a total transaction of $325,200.00. Following the completion of the transaction, the director now directly owns 350 shares in the company, valued at $11,382. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael E. Pegram bought 40,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were purchased at an average cost 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 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 Down 0.5 %

Shares of CZR stock opened at $36.61 on Thursday. Caesars Entertainment, Inc. has a twelve month low of $31.74 and a twelve month high of $60.27. The stock’s fifty day simple moving average is $36.35 and its 200 day simple moving average is $40.48. The company has a quick ratio of 0.67, a current ratio of 0.69 and a debt-to-equity ratio of 2.65. The firm has a market capitalization of $7.92 billion, a P/E ratio of 10.37 and a beta of 2.98.

Caesars Entertainment (NASDAQ:CZRGet Free Report) last released its quarterly earnings results 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 firm had revenue of $2.74 billion for 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 predict that Caesars Entertainment, Inc. will post 0.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CZR has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Caesars Entertainment from $62.00 to $59.00 and set a “buy” rating for the company in a research note on Friday, April 12th. B. Riley started coverage on Caesars Entertainment in a report on Thursday, May 9th. They issued a “buy” rating and a $70.00 price objective for the company. Stifel Nicolaus dropped 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 report on Wednesday, May 1st. Morgan Stanley lifted their price objective on shares of Caesars Entertainment from $44.00 to $45.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Finally, JMP Securities dropped their price target on 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. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.07.

View Our Latest Research Report on Caesars Entertainment

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.

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

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