Bank of New York Mellon Corp boosted its position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 2.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,336,606 shares of the company's stock after acquiring an additional 30,738 shares during the period. Bank of New York Mellon Corp owned about 0.63% of Caesars Entertainment worth $33,415,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of CZR. Mather Group LLC. grew its stake in shares of Caesars Entertainment by 64.4% during the 1st quarter. Mather Group LLC. now owns 1,034 shares of the company's stock valued at $26,000 after buying an additional 405 shares during the period. FIL Ltd purchased a new stake in Caesars Entertainment during the 4th quarter worth $28,000. Resona Asset Management Co. Ltd. purchased a new stake in Caesars Entertainment during the 4th quarter worth $44,000. Canada Pension Plan Investment Board boosted its position in Caesars Entertainment by 100.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company's stock worth $53,000 after purchasing an additional 800 shares during the period. Finally, Canada Post Corp Registered Pension Plan purchased a new stake in Caesars Entertainment during the 4th quarter worth $71,000. 91.79% of the stock is owned by hedge funds and other institutional investors.
Caesars Entertainment Stock Performance
CZR traded up $0.02 on Friday, hitting $30.37. 456,343 shares of the company's stock were exchanged, compared to its average volume of 4,945,946. The firm has a market cap of $6.32 billion, a PE ratio of -27.90, a P/E/G ratio of 84.12 and a beta of 2.29. Caesars Entertainment, Inc. has a twelve month low of $21.40 and a twelve month high of $45.93. The stock has a fifty day moving average of $28.50 and a two-hundred day moving average of $29.88. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 5.84.
Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.35). Caesars Entertainment had a negative return on equity of 2.60% and a negative net margin of 2.08%. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the company posted ($0.73) EPS. Caesars Entertainment's revenue for the quarter was up 1.9% on a year-over-year basis. On average, research analysts anticipate that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on CZR. Morgan Stanley upped their price target on shares of Caesars Entertainment from $31.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Friday, July 11th. Susquehanna boosted their price objective on shares of Caesars Entertainment from $23.00 to $28.00 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. Stifel Nicolaus cut their price objective on shares of Caesars Entertainment from $51.00 to $42.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Cfra reiterated a "hold" rating and issued a $50.00 price objective on shares of Caesars Entertainment in a report on Friday, July 11th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Caesars Entertainment in a report on Monday, June 23rd. They issued an "overweight" rating and a $47.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $43.07.
View Our Latest Report on Caesars Entertainment
About Caesars Entertainment
(
Free Report)
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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