966 Shares in Caesars Entertainment, Inc. (NASDAQ:CZR) Bought by Altshuler Shaham Ltd

Altshuler Shaham Ltd acquired a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 966 shares of the company’s stock, valued at approximately $45,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CZR. AQR Capital Management LLC raised its holdings in shares of Caesars Entertainment by 938.7% during the third 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 during the period. Qube Research & Technologies Ltd increased its stake in Caesars Entertainment by 481.7% in the 3rd quarter. Qube Research & Technologies Ltd now owns 908,030 shares of the company’s stock valued at $42,087,000 after buying an additional 751,938 shares during the last quarter. Blackstone Inc. acquired a new stake in Caesars Entertainment in the 3rd quarter valued at $34,762,000. Nordea Investment Management AB increased its stake in Caesars Entertainment by 338.0% in the 4th quarter. Nordea Investment Management AB now owns 534,723 shares of the company’s stock valued at $25,223,000 after buying an additional 412,631 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in Caesars Entertainment by 37.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 1,433,641 shares of the company’s stock valued at $67,209,000 after buying an additional 387,391 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Caesars Entertainment Price Performance

Shares of NASDAQ:CZR traded down $0.13 during midday trading on Wednesday, hitting $36.22. The stock had a trading volume of 2,982,276 shares, compared to its average volume of 3,389,436. The company’s 50-day moving average price is $40.36 and its 200-day moving average price is $42.96. The company has a market capitalization of $7.84 billion, a P/E ratio of 10.26 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. Caesars Entertainment, Inc. has a fifty-two week low of $35.09 and a fifty-two week high of $60.27.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings data 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 analyst estimates of $2.85 billion. Caesars Entertainment had a return on equity of 1.27% and a net margin of 6.68%. Caesars Entertainment’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.11) earnings per share. As a group, equities research analysts predict that Caesars Entertainment, Inc. will post 0.23 EPS for the current fiscal year.

Analyst Ratings Changes

CZR has been the subject of a number of analyst reports. Truist Financial decreased their price objective on shares of Caesars Entertainment from $58.00 to $52.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. 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. Stifel Nicolaus dropped their price objective on shares of Caesars Entertainment from $67.00 to $54.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of 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, JPMorgan Chase & Co. dropped 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 equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $53.83.

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.