10,933 Shares in Caesars Entertainment, Inc. $CZR Acquired by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC recently acquired 10,933 shares of Caesars Entertainment, valued at approximately $273,000, as reported in a Form 13F filing.
• Several institutional investors increased their stakes in Caesars Entertainment, with Mather Group LLC raising holdings by 64.4% and Allworth Financial LP by 97.8% in the first quarter.
• Caesars Entertainment reported a quarterly loss of ($0.39) EPS, missing estimates, while revenue was $2.91 billion, exceeding analyst expectations.

MBB Public Markets I LLC purchased a new position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 10,933 shares of the company's stock, valued at approximately $273,000.

Other large investors also recently added to or reduced their stakes in the company. Mather Group LLC. lifted its holdings in Caesars Entertainment by 64.4% in the 1st quarter. Mather Group LLC. now owns 1,034 shares of the company's stock worth $26,000 after purchasing an additional 405 shares in the last quarter. Allworth Financial LP lifted its holdings in Caesars Entertainment by 97.8% in the 1st quarter. Allworth Financial LP now owns 1,339 shares of the company's stock worth $36,000 after purchasing an additional 662 shares in the last quarter. Bogart Wealth LLC lifted its holdings in Caesars Entertainment by 82.8% in the 1st quarter. Bogart Wealth LLC now owns 1,545 shares of the company's stock worth $39,000 after purchasing an additional 700 shares in the last quarter. Resona Asset Management Co. Ltd. raised its holdings in shares of Caesars Entertainment by 35.8% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,809 shares of the company's stock worth $46,000 after acquiring an additional 477 shares in the last quarter. Finally, Mufg Securities Americas Inc. purchased a new stake in shares of Caesars Entertainment during the 4th quarter worth approximately $105,000. 91.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CZR has been the topic of several recent research reports. Macquarie decreased their price objective on Caesars Entertainment from $45.00 to $40.00 and set an "outperform" rating on the stock in a report on Wednesday, July 30th. Stifel Nicolaus upped their price objective on Caesars Entertainment from $42.00 to $45.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Cfra reaffirmed a "hold" rating and set a $50.00 price objective on shares of Caesars Entertainment in a report on Friday, July 11th. Barclays cut their target price on Caesars Entertainment from $45.00 to $43.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Finally, Susquehanna cut their target price on Caesars Entertainment from $28.00 to $27.00 and set a "neutral" rating on the stock in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Caesars Entertainment has a consensus rating of "Moderate Buy" and an average target price of $42.47.

Caesars Entertainment Stock Performance

Caesars Entertainment stock opened at $25.90 on Friday. The company has a 50 day moving average price of $27.22 and a 200-day moving average price of $27.53. The company has a debt-to-equity ratio of 6.08, a quick ratio of 0.81 and a current ratio of 0.82. Caesars Entertainment, Inc. has a fifty-two week low of $21.40 and a fifty-two week high of $45.93. The company has a market capitalization of $5.39 billion, a PE ratio of -28.15 and a beta of 2.24.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.46). The firm had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $2.85 billion. Caesars Entertainment had a negative net margin of 1.71% and a negative return on equity of 4.55%. The business's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.56) EPS. As a group, equities analysts forecast that Caesars Entertainment, Inc. will post -0.77 earnings per share 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.

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