American Assets Capital Advisers LLC Buys New Shares in Caesars Entertainment, Inc. $CZR

American Assets Capital Advisers LLC purchased a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 84,100 shares of the company’s stock, valued at approximately $2,388,000. Caesars Entertainment accounts for about 2.4% of American Assets Capital Advisers LLC’s portfolio, making the stock its 13th biggest holding.

Other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Caesars Entertainment by 14.9% during the first 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 during the period. Teacher Retirement System of Texas purchased a new position in Caesars Entertainment during the 1st quarter worth approximately $777,000. Bank of New York Mellon Corp lifted its stake in Caesars Entertainment by 2.4% during the 1st quarter. Bank of New York Mellon Corp now owns 1,336,606 shares of the company’s stock valued at $33,415,000 after acquiring an additional 30,738 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Caesars Entertainment by 33.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 176,160 shares of the company’s stock valued at $4,404,000 after acquiring an additional 44,325 shares during the last quarter. Finally, Axxcess Wealth Management LLC increased its stake in shares of Caesars Entertainment by 40.5% in the first quarter. Axxcess Wealth Management LLC now owns 20,745 shares of the company’s stock worth $519,000 after acquiring an additional 5,981 shares during the period. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Stifel Nicolaus decreased their target price on shares of Caesars Entertainment from $43.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Cfra reiterated a “hold” rating and set a $50.00 price objective on shares of Caesars Entertainment in a research note on Friday, July 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of Caesars Entertainment in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft dropped their target price on Caesars Entertainment from $50.00 to $36.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Finally, Barclays decreased their price target on Caesars Entertainment from $45.00 to $43.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $37.82.

Caesars Entertainment Price Performance

Caesars Entertainment stock opened at $19.82 on Friday. The stock has a market capitalization of $4.05 billion, a P/E ratio of -17.23 and a beta of 2.32. The company’s fifty day moving average price is $23.94 and its 200 day moving average price is $26.42. 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 1 year low of $18.25 and a 1 year high of $41.20.

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

About Caesars Entertainment

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.