Raymond James Financial Services Advisors Inc. Boosts Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Raymond James Financial Services Advisors Inc. lifted its stake in Caesars Entertainment, Inc. (NASDAQ:CZR) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,352 shares of the company’s stock after purchasing an additional 1,816 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Caesars Entertainment were worth $813,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CZR. Norges Bank purchased a new stake in shares of Caesars Entertainment in the 4th quarter worth about $112,358,000. Point Break Capital Management LLC increased its stake in shares of Caesars Entertainment by 10.3% in the 1st quarter. Point Break Capital Management LLC now owns 10,617,833 shares of the company’s stock worth $821,396,000 after acquiring an additional 987,230 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Caesars Entertainment by 938.7% in the 3rd quarter. AQR Capital Management LLC now owns 1,043,044 shares of the company’s stock worth $48,345,000 after acquiring an additional 942,621 shares in the last quarter. Wolf Hill Capital Management LP increased its stake in shares of Caesars Entertainment by 141.3% in the 1st quarter. Wolf Hill Capital Management LP now owns 1,539,986 shares of the company’s stock worth $75,167,000 after acquiring an additional 901,884 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in shares of Caesars Entertainment by 481.7% in the 3rd quarter. Qube Research & Technologies Ltd now owns 908,030 shares of the company’s stock worth $42,087,000 after acquiring an additional 751,938 shares in the last quarter. 91.79% of the stock is owned by hedge funds and other institutional investors.

Caesars Entertainment Stock Performance

Shares of NASDAQ CZR opened at $39.44 on Wednesday. The firm’s 50-day moving average price is $42.10 and its 200-day moving average price is $43.74. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 2.59. The company has a market cap of $8.53 billion, a PE ratio of 10.87 and a beta of 2.81. Caesars Entertainment, Inc. has a 52-week low of $38.33 and a 52-week high of $60.27.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Tuesday, February 20th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.31). The company had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Caesars Entertainment had a net margin of 6.82% and a return on equity of 4.48%. The business’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.11) EPS. As a group, analysts anticipate that Caesars Entertainment, Inc. will post 1.14 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CZR. Susquehanna decreased their price target on shares of Caesars Entertainment from $49.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, February 21st. Stifel Nicolaus decreased their price target on shares of Caesars Entertainment from $70.00 to $67.00 and set a “buy” rating for the company in a research note on Thursday, January 18th. Barclays reduced their price objective on shares of Caesars Entertainment from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Wednesday, February 21st. Wells Fargo & Company reduced their price objective on shares of Caesars Entertainment from $72.00 to $68.00 and set an “overweight” rating for the company in a research note on Wednesday, February 21st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating for the company in a research note on Tuesday, January 9th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.18.

Insider Activity

In other Caesars Entertainment news, Director Michael E. Pegram acquired 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were bought at an average price of $41.45 per share, with a total value of $621,750.00. Following the completion of the acquisition, the director now owns 4,612 shares in the company, valued at approximately $191,167.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.64% of the company’s stock.

About Caesars Entertainment

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 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 retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.