Aspire Private Capital LLC Has $64,000 Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Aspire Private Capital LLC increased its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 228.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,318 shares of the company’s stock after purchasing an additional 917 shares during the period. Aspire Private Capital LLC’s holdings in Caesars Entertainment were worth $64,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In related news, CAO Stephanie Lepori sold 33,282 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $51.70, for a total transaction of $1,720,679.40. Following the completion of the transaction, 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 filing with the SEC, which can be accessed through the SEC website. 0.64% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CZR has been the subject of several recent research reports. Stifel Nicolaus upped their price objective on Caesars Entertainment from $68.00 to $74.00 and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Susquehanna upgraded 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 research note on Thursday, May 25th. TheStreet upgraded Caesars Entertainment from a “d” rating to a “c-” rating in a research note on Friday, August 4th. StockNews.com initiated coverage on Caesars Entertainment in a research note on Thursday, August 17th. They issued a “buy” rating on the stock. Finally, Wells Fargo & Company upped their price objective on Caesars Entertainment from $74.00 to $77.00 and gave the company an “overweight” rating in a research note on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.75.

Caesars Entertainment Price Performance

Shares of NASDAQ CZR traded down $0.94 during mid-day trading on Wednesday, hitting $52.88. 619,388 shares of the stock traded hands, compared to its average volume of 2,782,594. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.78 and a quick ratio of 0.76. Caesars Entertainment, Inc. has a twelve month low of $31.31 and a twelve month high of $60.27. The company has a market cap of $11.38 billion, a PE ratio of 16.74 and a beta of 2.91. The firm has a 50 day simple moving average of $54.36 and a two-hundred day simple moving average of $48.96.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings data on Tuesday, August 1st. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.49. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.86 billion. Caesars Entertainment had a return on equity of 5.71% and a net margin of 6.03%. As a group, equities research analysts forecast that Caesars Entertainment, Inc. will post 1.36 EPS for the current fiscal year.

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.