Bamco Inc. NY Takes $49.62 Million Position in Caesars Entertainment, Inc. $CZR

Bamco Inc. NY purchased a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,644,259 shares of the company's stock, valued at approximately $49,624,000. Bamco Inc. NY owned 0.81% of Caesars Entertainment as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Caesars Entertainment by 246,899,900.0% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,938,000 shares of the company's stock valued at $115,500,000 after purchasing an additional 4,937,998 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of Caesars Entertainment during the 4th quarter worth about $65,492,000. Janus Henderson Group PLC boosted its holdings in shares of Caesars Entertainment by 5.8% during the first quarter. Janus Henderson Group PLC now owns 6,529,700 shares of the company's stock worth $172,582,000 after acquiring an additional 355,760 shares during the period. 1492 Capital Management LLC acquired a new position in Caesars Entertainment in the 1st quarter valued at $1,020,000. Finally, Cyrus Capital Partners L.P. bought a new position in Caesars Entertainment during the first quarter worth about $37,795,000. 91.79% of the stock is currently owned by institutional investors.

Caesars Entertainment Price Performance

Shares of Caesars Entertainment stock opened at $29.66 on Thursday. The firm has a market cap of $6.04 billion, a price-to-earnings ratio of -13.01 and a beta of 1.77. Caesars Entertainment, Inc. has a one year low of $17.86 and a one year high of $30.88. The company has a debt-to-equity ratio of 3.70, a current ratio of 0.85 and a quick ratio of 0.83. The stock's 50-day moving average is $29.86 and its 200 day moving average is $27.60.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.35). Caesars Entertainment had a negative return on equity of 7.64% and a negative net margin of 3.99%.The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the prior year, the company earned ($0.39) earnings per share. The firm's revenue was up 3.0% compared to the same quarter last year. Equities research analysts anticipate that Caesars Entertainment, Inc. will post -0.9 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CZR. Weiss Ratings reissued a "sell (d-)" rating on shares of Caesars Entertainment in a report on Thursday, August 13th. Stifel Nicolaus cut shares of Caesars Entertainment from a "buy" rating to a "hold" rating and set a $31.00 target price on the stock. in a report on Monday, June 15th. TD Cowen cut shares of Caesars Entertainment from a "buy" rating to a "hold" rating and set a $31.00 price objective for the company. in a research report on Wednesday, July 29th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $31.00 target price (down from $35.00) on shares of Caesars Entertainment in a report on Friday, May 29th. Finally, Texas Capital cut shares of Caesars Entertainment from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 1st. Two analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Caesars Entertainment has a consensus rating of "Hold" and a consensus price target of $30.71.

Insider Buying and Selling at Caesars Entertainment

In other news, Director Michael E. Pegram sold 16,897 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $29.46, for a total value of $497,785.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edmund L. Quatmann, Jr. sold 81,566 shares of the firm's stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $29.35, for a total value of $2,393,962.10. Following the transaction, the insider owned 18,263 shares in the company, valued at approximately $536,019.05. This trade represents a 81.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 561,104 shares of company stock worth $16,542,718. Company insiders own 1.18% of the company's stock.

Caesars Entertainment Company Profile

Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah's by William F.

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