Caesars Entertainment, Inc. (NASDAQ:CZR) is Capital Advisors Ltd. LLC’s 2nd Largest Position

Capital Advisors Ltd. LLC raised its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 20.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,063,555 shares of the company’s stock after buying an additional 178,875 shares during the quarter. Caesars Entertainment comprises 7.0% of Capital Advisors Ltd. LLC’s portfolio, making the stock its 2nd biggest holding. Capital Advisors Ltd. LLC owned approximately 0.49% of Caesars Entertainment worth $49,859,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CZR. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Caesars Entertainment in the 3rd quarter worth $32,000. GAMMA Investing LLC bought a new position in shares of Caesars Entertainment in the 4th quarter worth $99,000. Covestor Ltd raised its position in shares of Caesars Entertainment by 22.9% in the 3rd quarter. Covestor Ltd now owns 2,575 shares of the company’s stock worth $119,000 after acquiring an additional 480 shares in the last quarter. Signaturefd LLC increased its position in Caesars Entertainment by 33.3% during the 3rd quarter. Signaturefd LLC now owns 2,603 shares of the company’s stock valued at $121,000 after buying an additional 650 shares in the last quarter. Finally, Assetmark Inc. increased its position in Caesars Entertainment by 10.6% during the 3rd quarter. Assetmark Inc. now owns 2,713 shares of the company’s stock valued at $126,000 after buying an additional 261 shares in the last quarter. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Insider Buying and Selling

In other news, Director Michael E. Pegram bought 15,000 shares of Caesars Entertainment stock in a transaction on Wednesday, March 6th. The stock was acquired 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 directly owns 4,612 shares of the company’s stock, valued at $191,167.40. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.64% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CZR has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their target price on Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 9th. JMP Securities reduced their target price on Caesars Entertainment from $65.00 to $62.00 and set a “market outperform” rating on the stock in a research report on Friday, April 19th. Deutsche Bank Aktiengesellschaft dropped their price target on Caesars Entertainment from $62.00 to $59.00 and set a “buy” rating on the stock in a research note on Friday, April 12th. Morgan Stanley boosted their price target on Caesars Entertainment from $44.00 to $45.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Finally, Barclays dropped their price target on Caesars Entertainment from $65.00 to $63.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.36.

Caesars Entertainment Price Performance

NASDAQ CZR traded down $0.64 during trading hours on Wednesday, reaching $38.48. The company’s stock had a trading volume of 3,322,199 shares, compared to its average volume of 3,160,644. The firm has a market capitalization of $8.32 billion, a price-to-earnings ratio of 10.60 and a beta of 2.81. Caesars Entertainment, Inc. has a 1-year low of $37.71 and a 1-year high of $60.27. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.76 and a quick ratio of 0.74. The company’s 50-day moving average is $41.56 and its two-hundred day moving average is $43.51.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings results on Tuesday, February 20th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.31). The business had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.85 billion. Caesars Entertainment had a return on equity of 4.48% and a net margin of 6.82%. The business’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 posted ($0.11) EPS. On average, equities analysts predict that Caesars Entertainment, Inc. will post 1.07 EPS for the current year.

Caesars Entertainment Company 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.