Dana Investment Advisors Inc. Acquires 45,936 Shares of Caesars Entertainment, Inc. $CZR

Dana Investment Advisors Inc. lifted its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 30.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,292 shares of the company’s stock after buying an additional 45,936 shares during the quarter. Dana Investment Advisors Inc. owned approximately 0.10% of Caesars Entertainment worth $5,359,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. grew its holdings in Caesars Entertainment by 1.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 25,652 shares of the company’s stock worth $728,000 after purchasing an additional 476 shares during the period. Hantz Financial Services Inc. boosted its position in shares of Caesars Entertainment by 110.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock worth $26,000 after purchasing an additional 510 shares in the last quarter. Resona Asset Management Co. Ltd. grew its stake in shares of Caesars Entertainment by 30.3% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 2,357 shares of the company’s stock worth $68,000 after buying an additional 548 shares during the last quarter. Corient Private Wealth LLC increased its position in Caesars Entertainment by 3.5% during the 2nd quarter. Corient Private Wealth LLC now owns 16,155 shares of the company’s stock valued at $459,000 after buying an additional 549 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in Caesars Entertainment by 9.6% during the second quarter. Asset Management One Co. Ltd. now owns 6,784 shares of the company’s stock valued at $193,000 after buying an additional 592 shares during the last quarter. 91.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on CZR. Jefferies Financial Group downgraded Caesars Entertainment from a “buy” rating to a “hold” rating and dropped their target price for the stock from $39.00 to $22.00 in a report on Tuesday, November 4th. Macquarie Infrastructure cut their price objective on shares of Caesars Entertainment from $40.00 to $33.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. JPMorgan Chase & Co. reduced their price objective on shares of Caesars Entertainment from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Citigroup reaffirmed a “market outperform” rating on shares of Caesars Entertainment in a report on Monday, December 1st. Finally, Zacks Research cut shares of Caesars Entertainment from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 30th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $33.35.

Caesars Entertainment Price Performance

CZR opened at $20.34 on Wednesday. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.78 and a current ratio of 0.80. The stock has a market capitalization of $4.14 billion, a P/E ratio of -8.37, a P/E/G ratio of 78.25 and a beta of 2.03. The company’s 50-day simple moving average is $22.53 and its two-hundred day simple moving average is $23.28. Caesars Entertainment, Inc. has a 52-week low of $17.86 and a 52-week high of $36.26.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Tuesday, February 17th. The company reported ($1.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($1.05). Caesars Entertainment had a negative return on equity of 7.97% and a negative net margin of 4.37%.The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the prior year, the firm earned $0.05 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. As a group, analysts predict that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

Caesars Entertainment Profile

Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah’s by William F.