Caesars Entertainment (NASDAQ:CZR – Get Rating) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.
A number of other brokerages have also recently issued reports on CZR. Barclays lifted their price objective on shares of Caesars Entertainment from $66.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, February 22nd. Susquehanna raised shares of Caesars Entertainment from a “negative” rating to a “neutral” rating and lifted their price objective for the company from $27.00 to $39.00 in a research note on Thursday. B. Riley raised their target price on shares of Caesars Entertainment from $102.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, February 21st. Deutsche Bank Aktiengesellschaft cut their target price on shares of Caesars Entertainment from $70.00 to $68.00 in a research report on Wednesday, May 3rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Caesars Entertainment from $67.00 to $69.00 and gave the company an “overweight” rating in a research report on Wednesday, February 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Caesars Entertainment presently has a consensus rating of “Hold” and an average target price of $66.54.
Caesars Entertainment Stock Performance
Shares of NASDAQ:CZR opened at $41.40 on Friday. The company’s 50 day simple moving average is $44.30 and its 200 day simple moving average is $47.37. The stock has a market capitalization of $8.91 billion, a price-to-earnings ratio of -24.94 and a beta of 2.89. The company has a debt-to-equity ratio of 7.03, a current ratio of 0.85 and a quick ratio of 0.82. Caesars Entertainment has a 1 year low of $31.31 and a 1 year high of $56.75.
Insider Transactions at Caesars Entertainment
In other Caesars Entertainment news, Director Michael E. Pegram purchased 25,000 shares of the business’s stock in a transaction dated Friday, May 5th. The shares were bought at an average price of $45.02 per share, for a total transaction of $1,125,500.00. Following the completion of the acquisition, the director now owns 121,697 shares in the company, valued at $5,478,798.94. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is owned by company insiders.
Hedge Funds Weigh In On Caesars Entertainment
A number of hedge funds have recently modified their holdings of CZR. Toroso Investments LLC boosted its position in Caesars Entertainment by 34.5% during the first quarter. Toroso Investments LLC now owns 16,735 shares of the company’s stock valued at $817,000 after acquiring an additional 4,288 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Caesars Entertainment by 419.0% during the first quarter. Ameriprise Financial Inc. now owns 723,038 shares of the company’s stock valued at $35,291,000 after acquiring an additional 583,711 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Caesars Entertainment by 80.7% during the first quarter. JPMorgan Chase & Co. now owns 428,680 shares of the company’s stock valued at $20,923,000 after acquiring an additional 191,492 shares during the last quarter. Centaurus Financial Inc. bought a new stake in Caesars Entertainment during the first quarter valued at $156,000. Finally, Advisory Services Network LLC boosted its position in Caesars Entertainment by 4.8% during the first quarter. Advisory Services Network LLC now owns 9,119 shares of the company’s stock valued at $445,000 after acquiring an additional 420 shares during the last quarter. Institutional investors and hedge funds own 93.88% of the company’s stock.
Caesars Entertainment Company 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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