Dynamic Technology Lab Private Ltd Has $579,000 Stock Position in Caesars Entertainment, Inc. $CZR

Dynamic Technology Lab Private Ltd trimmed its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 73.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 21,420 shares of the company’s stock after selling 58,357 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Caesars Entertainment were worth $579,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in CZR. Norges Bank acquired a new position in Caesars Entertainment during the 2nd quarter worth about $79,604,000. Nomura Holdings Inc. raised its position in shares of Caesars Entertainment by 654.5% in the 2nd quarter. Nomura Holdings Inc. now owns 1,787,505 shares of the company’s stock worth $50,747,000 after acquiring an additional 1,550,589 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Caesars Entertainment during the 2nd quarter valued at $35,391,000. Amundi raised its stake in Caesars Entertainment by 82.1% during the 2nd quarter. Amundi now owns 2,025,951 shares of the company’s stock worth $60,049,000 after buying an additional 913,275 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Caesars Entertainment by 106.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,599,273 shares of the company’s stock valued at $39,982,000 after buying an additional 826,356 shares in the last quarter. 91.79% of the stock is owned by institutional investors and hedge funds.

Caesars Entertainment Stock Performance

CZR opened at $26.01 on Wednesday. The company has a 50 day simple moving average of $22.69 and a two-hundred day simple moving average of $23.27. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.80 and a quick ratio of 0.78. The firm has a market cap of $5.29 billion, a P/E ratio of -10.70, a PEG ratio of 61.75 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.

Caesars Entertainment (NASDAQ:CZR) last released its earnings results on Tuesday, February 17th. The company reported ($1.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($1.05). The firm had revenue of $2.92 billion for 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 firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.05 EPS. Equities analysts forecast that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CZR shares. Susquehanna raised shares of Caesars Entertainment from a “neutral” rating to a “positive” rating and boosted their price target for the stock from $25.00 to $31.00 in a report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Truist Financial lowered their price target on shares of Caesars Entertainment from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Stifel Nicolaus dropped their target price on shares of Caesars Entertainment from $39.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Finally, Morgan Stanley lowered their price objective on shares of Caesars Entertainment from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $33.24.

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.