Cwm LLC Sells 735 Shares of Caesars Entertainment, Inc. $CZR

Cwm LLC lowered its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 14.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,524 shares of the company’s stock after selling 735 shares during the period. Cwm LLC’s holdings in Caesars Entertainment were worth $128,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CZR. Assenagon Asset Management S.A. lifted its stake in Caesars Entertainment by 103.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 166,209 shares of the company’s stock worth $4,719,000 after purchasing an additional 84,545 shares in the last quarter. Penn Capital Management Company LLC lifted its stake in Caesars Entertainment by 101.9% in the 1st quarter. Penn Capital Management Company LLC now owns 45,207 shares of the company’s stock worth $1,154,000 after purchasing an additional 22,812 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Caesars Entertainment in the 1st quarter worth approximately $540,000. HG Vora Capital Management LLC lifted its stake in Caesars Entertainment by 73.3% in the 1st quarter. HG Vora Capital Management LLC now owns 3,900,000 shares of the company’s stock worth $97,500,000 after purchasing an additional 1,650,000 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Caesars Entertainment by 14.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,495 shares of the company’s stock worth $261,000 after purchasing an additional 1,360 shares in the last quarter. Institutional investors own 91.79% of the company’s stock.

Analyst Ratings Changes

CZR has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Saturday. Macquarie decreased their price target on shares of Caesars Entertainment from $40.00 to $33.00 and set an “outperform” rating on the stock in a report on Wednesday. Weiss Ratings reissued a “sell (e+)” rating on shares of Caesars Entertainment in a report on Wednesday, October 8th. Zacks Research lowered shares of Caesars Entertainment from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. Finally, Stifel Nicolaus decreased their price target on shares of Caesars Entertainment from $43.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $39.06.

Caesars Entertainment Price Performance

Shares of Caesars Entertainment stock opened at $20.10 on Friday. Caesars Entertainment, Inc. has a 52-week low of $18.25 and a 52-week high of $41.77. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of -17.48 and a beta of 2.38. The company has a fifty day moving average of $24.63 and a 200-day moving average of $26.61. The company has a debt-to-equity ratio of 6.23, a quick ratio of 0.81 and a current ratio of 0.78.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings data on Tuesday, October 28th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.16). Caesars Entertainment had a negative net margin of 2.12% and a negative return on equity of 5.76%. The business had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.88 billion. During the same period last year, the company posted ($0.04) EPS. Caesars Entertainment’s revenue for the quarter was down .2% on a year-over-year basis. Equities research analysts expect that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

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.