Caesars Entertainment, Inc. $CZR Stake Cut by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 66.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,549 shares of the company’s stock after selling 7,002 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Caesars Entertainment were worth $101,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC lifted its stake in Caesars Entertainment by 508.5% in the second quarter. JFS Wealth Advisors LLC now owns 864 shares of the company’s stock valued at $25,000 after buying an additional 722 shares during the last quarter. UMB Bank n.a. lifted its stake in Caesars Entertainment by 52.0% in the second quarter. UMB Bank n.a. now owns 1,049 shares of the company’s stock valued at $30,000 after buying an additional 359 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Caesars Entertainment by 168.5% in the second quarter. Farther Finance Advisors LLC now owns 1,133 shares of the company’s stock valued at $32,000 after buying an additional 711 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Caesars Entertainment by 69.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,164 shares of the company’s stock valued at $33,000 after buying an additional 478 shares during the last quarter. Finally, Hilltop National Bank bought a new stake in Caesars Entertainment in the second quarter valued at $35,000. 91.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Truist Financial cut their target price on Caesars Entertainment from $32.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Citizens Jmp cut their target price on Caesars Entertainment from $40.00 to $37.00 and set a “market outperform” rating on the stock in a research note on Wednesday, October 29th. Susquehanna cut their target price on Caesars Entertainment from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft cut their target price on Caesars Entertainment from $50.00 to $36.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Finally, Macquarie lowered their price target on Caesars Entertainment from $40.00 to $33.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.82.

Caesars Entertainment Price Performance

Shares of CZR opened at $20.02 on Wednesday. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of -17.41 and a beta of 2.32. The company has a debt-to-equity ratio of 6.23, a quick ratio of 0.76 and a current ratio of 0.78. Caesars Entertainment, Inc. has a one year low of $18.25 and a one year high of $41.76. The stock’s fifty day moving average is $24.38 and its 200-day moving average is $26.56.

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