Assetmark Inc. raised its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR – Get Rating) by 78.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,092 shares of the company’s stock after acquiring an additional 479 shares during the period. Assetmark Inc.’s holdings in Caesars Entertainment were worth $35,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. boosted its position in shares of Caesars Entertainment by 6.9% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 10,298 shares of the company’s stock valued at $797,000 after acquiring an additional 666 shares during the last quarter. American Century Companies Inc. boosted its holdings in Caesars Entertainment by 10.8% in the 1st quarter. American Century Companies Inc. now owns 9,416 shares of the company’s stock valued at $728,000 after purchasing an additional 914 shares during the last quarter. Cetera Advisor Networks LLC purchased a new stake in shares of Caesars Entertainment in the 1st quarter valued at approximately $268,000. PNC Financial Services Group Inc. increased its holdings in shares of Caesars Entertainment by 32.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,526 shares of the company’s stock worth $351,000 after buying an additional 1,119 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its position in shares of Caesars Entertainment by 2.4% during the 1st quarter. Panagora Asset Management Inc. now owns 9,874 shares of the company’s stock valued at $764,000 after buying an additional 236 shares during the period. 93.88% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on CZR shares. Wells Fargo & Company raised their target price on Caesars Entertainment from $64.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 2nd. Susquehanna Bancshares cut their price objective on Caesars Entertainment from $32.00 to $27.00 and set a “negative” rating for the company in a research report on Monday, October 3rd. Truist Financial decreased their target price on shares of Caesars Entertainment from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, October 25th. Susquehanna dropped their price target on shares of Caesars Entertainment from $32.00 to $27.00 and set a “negative” rating for the company in a research report on Monday, October 3rd. Finally, Cowen reduced their price target on shares of Caesars Entertainment to $75.00 in a research note on Thursday, October 20th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $67.64.
Insider Buying and Selling at Caesars Entertainment
Caesars Entertainment Price Performance
Shares of NASDAQ CZR opened at $47.52 on Monday. The company has a debt-to-equity ratio of 6.53, a current ratio of 0.80 and a quick ratio of 0.78. The company has a market cap of $10.20 billion, a price-to-earnings ratio of -8.58 and a beta of 2.83. The stock’s 50-day moving average is $47.21 and its two-hundred day moving average is $44.26. Caesars Entertainment, Inc. has a 1-year low of $31.31 and a 1-year high of $89.80.
Caesars Entertainment (NASDAQ:CZR – Get Rating) last released its earnings results on Tuesday, November 1st. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.09. Caesars Entertainment had a negative net margin of 11.18% and a negative return on equity of 15.21%. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.84 billion. Analysts forecast that Caesars Entertainment, Inc. will post -1.56 EPS for the current fiscal year.
Caesars Entertainment Profile
Caesars Holdings, Inc is a holding company, which engages in the provision of casino-entertainment and hospitality services. It operates through the following segments: Las Vegas, Other U.S., and All Other. The All Other segment includes managed and international properties as well as other business, such as Caesars Interactive Entertainment.
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