National Bank of Canada FI Acquires 190,538 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

National Bank of Canada FI raised its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 275.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 259,754 shares of the company’s stock after purchasing an additional 190,538 shares during the quarter. National Bank of Canada FI owned 0.12% of Caesars Entertainment worth $12,411,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Caesars Entertainment in the third quarter worth $32,000. GAMMA Investing LLC acquired a new position in Caesars Entertainment in the 4th quarter worth approximately $99,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Caesars Entertainment by 2,096.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,196 shares of the company’s stock valued at $103,000 after acquiring an additional 2,096 shares during the last quarter. Covestor Ltd increased its stake in shares of Caesars Entertainment by 22.9% in the third quarter. Covestor Ltd now owns 2,575 shares of the company’s stock worth $119,000 after acquiring an additional 480 shares during the period. Finally, Signaturefd LLC raised its holdings in shares of Caesars Entertainment by 33.3% during the third quarter. Signaturefd LLC now owns 2,603 shares of the company’s stock worth $121,000 after purchasing an additional 650 shares during the last quarter. Institutional investors own 91.79% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on CZR. JMP Securities dropped their price objective on shares of Caesars Entertainment from $62.00 to $60.00 and set a “market outperform” rating on the stock in a research note on Thursday, May 2nd. Truist Financial cut their price objective on shares of Caesars Entertainment from $58.00 to $52.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Wells Fargo & Company lowered their target price on shares of Caesars Entertainment from $67.00 to $54.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft cut their price target on Caesars Entertainment from $62.00 to $59.00 and set a “buy” rating for the company in a research note on Friday, April 12th. Finally, Morgan Stanley increased their price target on Caesars Entertainment from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $53.83.

Insider Buying and Selling

In related news, Director Michael E. Pegram purchased 40,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was acquired at an average price of $36.39 per share, with a total value of $1,455,600.00. Following the completion of the transaction, the director now owns 181,697 shares of the company’s stock, valued at $6,611,953.83. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Michael E. Pegram acquired 15,000 shares of Caesars Entertainment stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average cost of $41.45 per share, with a total value of $621,750.00. Following the purchase, the director now directly owns 4,612 shares in the company, valued at approximately $191,167.40. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Michael E. Pegram purchased 40,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were purchased at an average price of $36.39 per share, for a total transaction of $1,455,600.00. Following the acquisition, the director now directly owns 181,697 shares of the company’s stock, valued at $6,611,953.83. The disclosure for this purchase can be found here. Corporate insiders own 0.64% of the company’s stock.

Caesars Entertainment Stock Performance

Shares of CZR stock opened at $36.22 on Thursday. Caesars Entertainment, Inc. has a 12-month low of $35.09 and a 12-month high of $60.27. The company has a current ratio of 0.69, a quick ratio of 0.67 and a debt-to-equity ratio of 2.65. The stock has a 50 day simple moving average of $40.36 and a 200-day simple moving average of $42.96. The company has a market cap of $7.84 billion, a price-to-earnings ratio of 10.26 and a beta of 2.83.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings results on Tuesday, February 20th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.31). Caesars Entertainment had a net margin of 6.68% and a return on equity of 1.27%. The business had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same quarter in the prior year, the company earned ($0.11) earnings per share. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. On average, equities analysts forecast that Caesars Entertainment, Inc. will post 0.23 EPS for the current year.

Caesars Entertainment Profile

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.