Nisa Investment Advisors LLC Sells 990 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Nisa Investment Advisors LLC lessened its stake in Caesars Entertainment, Inc. (NASDAQ:CZR) by 8.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,551 shares of the company’s stock after selling 990 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Caesars Entertainment were worth $264,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Mather Group LLC. grew its holdings in shares of Caesars Entertainment by 64.4% in the first quarter. Mather Group LLC. now owns 1,034 shares of the company’s stock valued at $26,000 after acquiring an additional 405 shares in the last quarter. FIL Ltd bought a new position in shares of Caesars Entertainment during the fourth quarter valued at about $28,000. Resona Asset Management Co. Ltd. purchased a new stake in shares of Caesars Entertainment during the fourth quarter worth about $44,000. Canada Pension Plan Investment Board lifted its holdings in Caesars Entertainment by 100.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company’s stock worth $53,000 after buying an additional 800 shares during the period. Finally, Canada Post Corp Registered Pension Plan purchased a new position in shares of Caesars Entertainment during the fourth quarter valued at approximately $71,000. 91.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Barclays boosted their price objective on shares of Caesars Entertainment from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday, April 30th. Morgan Stanley upped their target price on shares of Caesars Entertainment from $31.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, July 11th. Susquehanna upped their price target on shares of Caesars Entertainment from $23.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, April 30th. Stifel Nicolaus reduced their target price on shares of Caesars Entertainment from $51.00 to $42.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. started coverage on shares of Caesars Entertainment in a research note on Monday, June 23rd. They set an “overweight” rating and a $47.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $43.07.

Caesars Entertainment Trading Up 1.2%

Shares of CZR stock opened at $30.35 on Friday. The company has a market cap of $6.31 billion, a PE ratio of -27.84, a price-to-earnings-growth ratio of 84.12 and a beta of 2.29. The stock’s 50 day simple moving average is $28.50 and its two-hundred day simple moving average is $29.88. Caesars Entertainment, Inc. has a 1 year low of $21.40 and a 1 year high of $45.93. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.84 and a quick ratio of 0.82.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Tuesday, April 29th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.35). Caesars Entertainment had a negative return on equity of 2.60% and a negative net margin of 2.08%. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same period in the prior year, the business posted ($0.73) earnings per share. Caesars Entertainment’s revenue for the quarter was up 1.9% on a year-over-year basis. Research analysts predict that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

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.