Daiwa Securities Group Inc. Purchases 1,197 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Daiwa Securities Group Inc. increased its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 6.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,067 shares of the company’s stock after buying an additional 1,197 shares during the period. Daiwa Securities Group Inc.’s holdings in Caesars Entertainment were worth $894,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in Caesars Entertainment by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 23,411,856 shares of the company’s stock valued at $1,085,140,000 after purchasing an additional 129,541 shares during the last quarter. Invesco Ltd. raised its stake in Caesars Entertainment by 8.7% during the 3rd quarter. Invesco Ltd. now owns 3,657,416 shares of the company’s stock valued at $169,521,000 after purchasing an additional 293,078 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Caesars Entertainment by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,052,738 shares of the company’s stock valued at $95,144,000 after purchasing an additional 77,595 shares during the last quarter. Northern Trust Corp raised its stake in Caesars Entertainment by 3.9% during the 3rd quarter. Northern Trust Corp now owns 1,934,704 shares of the company’s stock valued at $89,674,000 after purchasing an additional 72,008 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in Caesars Entertainment by 37.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 1,433,641 shares of the company’s stock valued at $67,209,000 after purchasing an additional 387,391 shares during the last quarter. 91.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. cut their target price 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. JMP Securities dropped their price objective on shares of Caesars Entertainment from $65.00 to $62.00 and set a “market outperform” rating for the company in a research note on Friday, April 19th. Wells Fargo & Company dropped 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. Truist Financial dropped their price objective on shares of Caesars Entertainment from $62.00 to $58.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Barclays dropped their price objective on shares of Caesars Entertainment from $65.00 to $63.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $57.36.

Caesars Entertainment Stock Down 1.6 %

Shares of NASDAQ:CZR opened at $38.48 on Thursday. Caesars Entertainment, Inc. has a 12 month low of $37.71 and a 12 month high of $60.27. The company’s 50-day moving average price is $41.56 and its two-hundred day moving average price is $43.51. 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 firm has a market cap of $8.32 billion, a P/E ratio of 10.60 and a beta of 2.81.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, February 20th. The company reported ($0.34) 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 the consensus estimate of $2.85 billion. Caesars Entertainment had a return on equity of 4.48% and a net margin of 6.82%. The firm’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.11) EPS. As a group, research analysts forecast that Caesars Entertainment, Inc. will post 1.07 EPS for the current fiscal year.

Insider Activity

In other Caesars Entertainment news, Director Michael E. Pegram bought 15,000 shares of Caesars Entertainment stock in a transaction dated 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 purchase, the director now owns 4,612 shares of the company’s stock, valued at $191,167.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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.