Caesars Entertainment, Inc. (NASDAQ:CZR) Stock Position Lowered by US Bancorp DE

US Bancorp DE cut its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 49.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,733 shares of the company’s stock after selling 7,700 shares during the period. US Bancorp DE’s holdings in Caesars Entertainment were worth $193,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mather Group LLC. raised its position in shares of Caesars Entertainment by 64.4% during the first quarter. Mather Group LLC. now owns 1,034 shares of the company’s stock worth $26,000 after purchasing an additional 405 shares during the period. Allworth Financial LP raised its position in shares of Caesars Entertainment by 97.8% during the first quarter. Allworth Financial LP now owns 1,339 shares of the company’s stock worth $36,000 after purchasing an additional 662 shares during the period. Bogart Wealth LLC raised its position in shares of Caesars Entertainment by 82.8% during the first quarter. Bogart Wealth LLC now owns 1,545 shares of the company’s stock worth $39,000 after purchasing an additional 700 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Caesars Entertainment by 100.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company’s stock worth $53,000 after purchasing an additional 800 shares during the period. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in shares of Caesars Entertainment during the fourth quarter worth $71,000. 91.79% of the stock is owned by institutional investors and hedge funds.

Caesars Entertainment Stock Performance

Shares of CZR stock opened at $25.33 on Friday. The company has a debt-to-equity ratio of 6.08, a current ratio of 0.82 and a quick ratio of 0.81. Caesars Entertainment, Inc. has a fifty-two week low of $21.40 and a fifty-two week high of $45.93. The stock’s 50-day moving average is $27.99 and its two-hundred day moving average is $28.93. The firm has a market cap of $5.27 billion, a P/E ratio of -27.53 and a beta of 2.40.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Tuesday, July 29th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.46). Caesars Entertainment had a negative return on equity of 4.55% and a negative net margin of 1.71%. The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same period in the previous year, the company earned ($0.56) earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. Analysts predict that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on Caesars Entertainment from $47.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 22nd. Barclays dropped their price target on Caesars Entertainment from $45.00 to $43.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. Susquehanna dropped their price target on Caesars Entertainment from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, August 1st. JMP Securities dropped their price target on Caesars Entertainment from $45.00 to $43.00 and set a “market outperform” rating on the stock in a research report on Wednesday, July 30th. Finally, Stifel Nicolaus upped their price target on Caesars Entertainment from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Caesars Entertainment has an average rating of “Moderate Buy” and a consensus price target of $42.47.

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.