Axxcess Wealth Management LLC Has $219,000 Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Axxcess Wealth Management LLC lessened its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 38.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,681 shares of the company’s stock after selling 2,867 shares during the period. Axxcess Wealth Management LLC’s holdings in Caesars Entertainment were worth $219,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp increased its stake in Caesars Entertainment by 3.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,293,853 shares of the company’s stock valued at $59,970,000 after purchasing an additional 40,689 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of Caesars Entertainment by 10.8% in the third quarter. Mackenzie Financial Corp now owns 7,855 shares of the company’s stock valued at $354,000 after purchasing an additional 763 shares during the last quarter. IFM Investors Pty Ltd raised its holdings in shares of Caesars Entertainment by 1.3% in the third quarter. IFM Investors Pty Ltd now owns 45,264 shares of the company’s stock valued at $2,098,000 after purchasing an additional 578 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Caesars Entertainment by 1.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,302 shares of the company’s stock valued at $1,173,000 after purchasing an additional 413 shares during the last quarter. Finally, CENTRAL TRUST Co raised its holdings in shares of Caesars Entertainment by 137.4% in the third quarter. CENTRAL TRUST Co now owns 15,391 shares of the company’s stock valued at $713,000 after purchasing an additional 8,908 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Insider Buying and Selling

In other news, Director Michael E. Pegram bought 40,000 shares of Caesars Entertainment stock in a transaction that occurred on Friday, May 3rd. The stock was bought at an average cost of $36.39 per share, with a total value of $1,455,600.00. Following the acquisition, the director now owns 181,697 shares of the company’s stock, valued at approximately $6,611,953.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Caesars Entertainment news, Director Michael E. Pegram purchased 15,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was acquired at an average cost of $41.45 per share, for a total transaction of $621,750.00. Following the purchase, the director now directly owns 4,612 shares of the company’s stock, valued at approximately $191,167.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael E. Pegram purchased 40,000 shares of the company’s stock in a transaction on 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 purchase, the director now directly owns 181,697 shares in the company, valued at $6,611,953.83. The disclosure for this purchase can be found here. 0.64% of the stock is currently owned by insiders.

Caesars Entertainment Price Performance

NASDAQ CZR opened at $37.30 on Friday. Caesars Entertainment, Inc. has a 52 week low of $35.09 and a 52 week high of $60.27. The firm has a market capitalization of $8.07 billion, a P/E ratio of 10.57 and a beta of 2.83. The company has a quick ratio of 0.67, a current ratio of 0.69 and a debt-to-equity ratio of 2.65. The company has a 50-day moving average price of $40.23 and a 200-day moving average price of $42.92.

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). The business had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Caesars Entertainment had a net margin of 6.68% and a return on equity of 1.27%. Caesars Entertainment’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.11) EPS. Equities research analysts anticipate that Caesars Entertainment, Inc. will post 0.23 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on CZR. Susquehanna decreased their price objective on shares of Caesars Entertainment from $49.00 to $44.00 and set a “neutral” rating for the company in a report on Wednesday, February 21st. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Caesars Entertainment from $62.00 to $59.00 and set a “buy” rating for the company in a report on Friday, April 12th. Barclays cut their target price on shares of Caesars Entertainment from $65.00 to $63.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. B. Riley started coverage on shares of Caesars Entertainment in a research report on Thursday. They set a “buy” rating and a $70.00 target price for the company. Finally, Wells Fargo & Company cut their target price on shares of Caesars Entertainment from $67.00 to $54.00 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $55.08.

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.