Blackhawk Capital Partners LLC Makes New Investment in Caesars Entertainment, Inc. $CZR

Blackhawk Capital Partners LLC purchased a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 52,246 shares of the company’s stock, valued at approximately $1,412,000.

Other institutional investors have also recently made changes to their positions in the company. JFS Wealth Advisors LLC increased its position in Caesars Entertainment by 508.5% during the 2nd quarter. JFS Wealth Advisors LLC now owns 864 shares of the company’s stock valued at $25,000 after buying an additional 722 shares in the last quarter. Mather Group LLC. acquired a new position in shares of Caesars Entertainment during the third quarter valued at about $28,000. UMB Bank n.a. raised its position in shares of Caesars Entertainment by 52.0% in the 2nd quarter. UMB Bank n.a. now owns 1,049 shares of the company’s stock valued at $30,000 after purchasing an additional 359 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Caesars Entertainment by 168.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,133 shares of the company’s stock worth $32,000 after purchasing an additional 711 shares in the last quarter. Finally, Hilltop National Bank purchased a new stake in Caesars Entertainment during the 2nd quarter worth approximately $35,000. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Stock Performance

NASDAQ CZR opened at $23.34 on Friday. The firm has a market capitalization of $4.76 billion, a P/E ratio of -20.29, a PEG ratio of 5.03 and a beta of 2.03. The stock has a 50-day simple moving average of $23.44 and a two-hundred day simple moving average of $24.56. 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 fifty-two week low of $18.25 and a fifty-two week high of $40.00.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CZR shares. Wells Fargo & Company assumed coverage on shares of Caesars Entertainment in a research note on Tuesday, November 18th. They set an “equal weight” rating and a $21.00 price objective for the company. Morgan Stanley lowered their price target on Caesars Entertainment from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, January 16th. Stifel Nicolaus dropped their price target on Caesars Entertainment from $43.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Susquehanna upgraded Caesars Entertainment from a “neutral” rating to a “positive” rating and raised their price objective for the stock from $25.00 to $31.00 in a research note on Thursday, January 8th. Finally, Citizens Jmp decreased their target price on Caesars Entertainment from $40.00 to $37.00 and set a “market outperform” rating for the company in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $34.61.

Caesars Entertainment Company 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.