Gotham Asset Management LLC Has $9.47 Million Stock Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Gotham Asset Management LLC increased its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 49.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 194,043 shares of the company’s stock after acquiring an additional 64,246 shares during the period. Gotham Asset Management LLC owned about 0.09% of Caesars Entertainment worth $9,471,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in CZR. Hexagon Capital Partners LLC boosted its position in Caesars Entertainment by 5,000.0% in the first quarter. Hexagon Capital Partners LLC now owns 510 shares of the company’s stock valued at $25,000 after buying an additional 500 shares in the last quarter. Elequin Securities LLC acquired a new stake in Caesars Entertainment in the fourth quarter valued at approximately $32,000. Ameritas Advisory Services LLC acquired a new stake in Caesars Entertainment in the first quarter valued at approximately $37,000. Garda Capital Partners LP acquired a new stake in Caesars Entertainment in the first quarter valued at approximately $37,000. Finally, Assetmark Inc. lifted its holdings in shares of Caesars Entertainment by 24.2% during the fourth quarter. Assetmark Inc. now owns 1,356 shares of the company’s stock worth $56,000 after purchasing an additional 264 shares during the period. Institutional investors and hedge funds own 91.32% of the company’s stock.

Wall Street Analyst Weigh In

CZR has been the topic of several recent analyst reports. Morgan Stanley restated an “equal weight” rating and issued a $56.00 target price on shares of Caesars Entertainment in a report on Wednesday, August 2nd. Stifel Nicolaus boosted their target price on shares of Caesars Entertainment from $68.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, August 2nd. Barclays boosted their target price on shares of Caesars Entertainment from $74.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday. Wells Fargo & Company boosted their target price on shares of Caesars Entertainment from $74.00 to $77.00 and gave the company an “overweight” rating in a report on Wednesday, August 16th. Finally, Susquehanna upgraded shares of Caesars Entertainment from a “negative” rating to a “neutral” rating and upped their price objective for the company from $27.00 to $39.00 in a report on Thursday, May 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.75.

Caesars Entertainment Stock Down 3.6 %

Shares of NASDAQ:CZR traded down $2.00 during midday trading on Monday, hitting $52.95. 918,944 shares of the company’s stock were exchanged, compared to its average volume of 2,790,535. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.78 and a quick ratio of 0.76. The stock has a 50 day moving average price of $54.24 and a 200-day moving average price of $48.93. The company has a market cap of $11.40 billion, a PE ratio of 17.02 and a beta of 2.91. Caesars Entertainment, Inc. has a 12 month low of $31.31 and a 12 month high of $60.27.

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Tuesday, August 1st. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.33 by $0.49. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.86 billion. Caesars Entertainment had a net margin of 6.03% and a return on equity of 5.71%. On average, sell-side analysts anticipate that Caesars Entertainment, Inc. will post 1.36 EPS for the current fiscal year.

Insider Transactions at Caesars Entertainment

In other Caesars Entertainment news, CAO Stephanie Lepori sold 33,282 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $51.70, for a total value of $1,720,679.40. Following the completion of the sale, the chief accounting officer now directly owns 41,910 shares of the company’s stock, valued at approximately $2,166,747. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Caesars Entertainment news, CAO Stephanie Lepori sold 33,282 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $51.70, for a total value of $1,720,679.40. Following the completion of the sale, the chief accounting officer now directly owns 41,910 shares of the company’s stock, valued at approximately $2,166,747. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas Reeg acquired 7,500 shares of Caesars Entertainment stock in a transaction on Wednesday, June 14th. The stock was purchased at an average cost of $49.43 per share, with a total value of $370,725.00. Following the completion of the transaction, the chief executive officer now directly owns 17,500 shares in the company, valued at approximately $865,025. The disclosure for this purchase can be found here. 0.64% of the stock is currently owned by insiders.

Caesars Entertainment Company Profile

Caesars Entertainment, Inc operates as a gaming and hospitality company in the United States. The company owns, leases, or manages domestic properties in 16 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts sports wagering across 28 jurisdictions in North America, including mobile for sports betting and regulated online real money gaming in six jurisdictions in North America; retail and online gaming and sports betting; and other games, such as keno.