Caesars Entertainment, Inc. $CZR Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 3.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 786,494 shares of the company’s stock after selling 25,508 shares during the quarter. Victory Capital Management Inc. owned 0.39% of Caesars Entertainment worth $21,255,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hantz Financial Services Inc. raised its stake 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 valued at $26,000 after acquiring an additional 510 shares during the period. Mather Group LLC. purchased a new stake in Caesars Entertainment during the third quarter worth about $28,000. Salomon & Ludwin LLC purchased a new position in shares of Caesars Entertainment in the third quarter valued at approximately $41,000. Zions Bancorporation National Association UT grew its holdings in shares of Caesars Entertainment by 5,384.4% in the third quarter. Zions Bancorporation National Association UT now owns 1,755 shares of the company’s stock valued at $47,000 after purchasing an additional 1,723 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in Caesars Entertainment during the 3rd quarter worth approximately $49,000. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CZR has been the subject of several research reports. Stifel Nicolaus dropped their price target on shares of Caesars Entertainment from $39.00 to $36.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Citizens Jmp lowered their target price on Caesars Entertainment from $37.00 to $34.00 and set a “market outperform” rating for the company in a research note on Wednesday, February 18th. Barclays reduced their price target on Caesars Entertainment from $39.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. Zacks Research lowered shares of Caesars Entertainment from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 30th. Finally, Susquehanna raised shares of Caesars Entertainment from a “neutral” rating to a “positive” rating and raised their target price for the company from $25.00 to $31.00 in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.24.

Caesars Entertainment Stock Down 2.3%

Shares of NASDAQ CZR opened at $25.79 on Tuesday. The business has a 50-day moving average of $22.64 and a two-hundred day moving average of $23.27. The company has a market capitalization of $5.25 billion, a price-to-earnings ratio of -10.61, a price-to-earnings-growth ratio of 63.28 and a beta of 1.94. Caesars Entertainment, Inc. has a 1 year low of $17.86 and a 1 year high of $31.58. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.80 and a quick ratio of 0.78.

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

About Caesars Entertainment

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.