Farther Finance Advisors LLC Has $32,000 Stake in Caesars Entertainment, Inc. $CZR

Farther Finance Advisors LLC boosted its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 168.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,133 shares of the company’s stock after acquiring an additional 711 shares during the quarter. Farther Finance Advisors LLC’s holdings in Caesars Entertainment were worth $32,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Caesars Entertainment by 0.8% during the first quarter. Vanguard Group Inc. now owns 23,548,822 shares of the company’s stock worth $588,721,000 after acquiring an additional 183,963 shares in the last quarter. Invesco Ltd. raised its position in Caesars Entertainment by 22.9% during the first quarter. Invesco Ltd. now owns 6,823,286 shares of the company’s stock worth $170,582,000 after acquiring an additional 1,269,911 shares in the last quarter. HG Vora Capital Management LLC raised its position in Caesars Entertainment by 73.3% during the first quarter. HG Vora Capital Management LLC now owns 3,900,000 shares of the company’s stock worth $97,500,000 after acquiring an additional 1,650,000 shares in the last quarter. DAVENPORT & Co LLC raised its position in Caesars Entertainment by 1,051.1% during the first quarter. DAVENPORT & Co LLC now owns 3,495,915 shares of the company’s stock worth $87,399,000 after acquiring an additional 3,192,224 shares in the last quarter. Finally, Hein Park Capital Management LP bought a new stake in Caesars Entertainment during the first quarter worth $60,492,000. 91.79% of the stock is owned by institutional investors.

Caesars Entertainment Price Performance

CZR opened at $24.65 on Wednesday. The company has a debt-to-equity ratio of 6.08, a current ratio of 0.82 and a quick ratio of 0.81. The company has a market capitalization of $5.13 billion, a price-to-earnings ratio of -26.79 and a beta of 2.38. The firm’s fifty day moving average price is $25.91 and its two-hundred day moving average price is $27.08. Caesars Entertainment, Inc. has a 1 year low of $21.40 and a 1 year high of $45.93.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Tuesday, July 29th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.46). The firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Caesars Entertainment had a negative return on equity of 4.55% and a negative net margin of 1.71%.Caesars Entertainment’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.56) earnings per share. As a group, analysts anticipate that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Truist Financial dropped their price target on shares of Caesars Entertainment from $38.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, July 30th. JPMorgan Chase & Co. increased their price objective on shares of Caesars Entertainment from $47.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, July 22nd. Zacks Research raised shares of Caesars Entertainment from a “strong sell” rating to a “hold” rating in a research report on Monday, August 18th. Cfra reissued a “hold” rating and issued a $50.00 price objective on shares of Caesars Entertainment in a research report on Friday, July 11th. Finally, Morgan Stanley dropped their price objective on shares of Caesars Entertainment from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Caesars Entertainment has an average rating of “Moderate Buy” and a consensus target price of $42.33.

Caesars Entertainment 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.