Caesars Entertainment, Inc. $CZR Shares Purchased by Algert Global LLC

Algert Global LLC boosted its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 364.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,030 shares of the company's stock after acquiring an additional 85,530 shares during the period. Algert Global LLC owned 0.05% of Caesars Entertainment worth $3,291,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Caesars Entertainment by 246,899,900.0% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,938,000 shares of the company's stock worth $115,500,000 after purchasing an additional 4,937,998 shares during the last quarter. MUFG Securities EMEA plc bought a new position in Caesars Entertainment during the 4th quarter valued at about $65,492,000. Janus Henderson Group PLC raised its stake 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 valued at $172,582,000 after acquiring an additional 355,760 shares in the last quarter. 1492 Capital Management LLC purchased a new position in shares of Caesars Entertainment in the 1st quarter worth approximately $1,020,000. Finally, Cyrus Capital Partners L.P. acquired a new position in shares of Caesars Entertainment in the 1st quarter valued at $37,795,000. Institutional investors and hedge funds own 91.79% of the company's stock.

Caesars Entertainment Stock Performance

NASDAQ CZR opened at $29.73 on Friday. The company has a debt-to-equity ratio of 3.70, a quick ratio of 0.83 and a current ratio of 0.85. The company has a 50-day simple moving average of $29.87 and a 200 day simple moving average of $27.68. Caesars Entertainment, Inc. has a 52-week low of $17.86 and a 52-week high of $30.88. The company has a market capitalization of $6.06 billion, a PE ratio of -13.04 and a beta of 1.77.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced 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 net margin of 3.99% and a negative return on equity of 7.64%. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the previous year, the firm earned ($0.39) earnings per share. The company's revenue for the quarter was up 3.0% compared to the same quarter last year. On average, research analysts predict that Caesars Entertainment, Inc. will post -0.9 EPS for the current year.

Insider Buying and Selling at Caesars Entertainment

In related news, CFO Bret Yunker sold 208,134 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $29.62, for a total transaction of $6,164,929.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CMO Josh Jones sold 59,507 shares of the business's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $29.72, for a total value of $1,768,548.04. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 595,003 shares of company stock worth $17,547,145. Insiders own 1.18% of the company's stock.

Wall Street Analysts Forecast Growth

CZR has been the topic of several recent research reports. Zacks Research cut Caesars Entertainment from a "hold" rating to a "strong sell" rating in a report on Monday, August 17th. Capital One Financial cut shares of Caesars Entertainment from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 23rd. Susquehanna upgraded Caesars Entertainment from a "positive" rating to a "positive" rating in a research note on Friday, May 29th. Barclays reissued an "equal weight" rating and set a $31.00 price objective (down from $35.00) on shares of Caesars Entertainment in a research note on Thursday, July 9th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Caesars Entertainment in a research report on Thursday, August 13th. Two analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Caesars Entertainment currently has an average rating of "Hold" and an average price target of $30.71.

About Caesars Entertainment

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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