Caesars Entertainment, Inc. $CZR Shares Purchased by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. has increased its holdings in Caesars Entertainment by 87.7%, now owning 34,940 shares valued at $874,000.
• Caesars Entertainment reported a loss of $0.39 earnings per share for the latest quarter, which was below the consensus estimate of $0.07.
• Institutional investors and hedge funds own approximately 91.79% of Caesars Entertainment's stock, indicating strong institutional support.

Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 87.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,940 shares of the company's stock after purchasing an additional 16,325 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Caesars Entertainment were worth $874,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Mather Group LLC. grew its stake in 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 purchasing an additional 405 shares in the last quarter. Allworth Financial LP grew its stake in Caesars Entertainment by 97.8% during the 1st quarter. Allworth Financial LP now owns 1,339 shares of the company's stock valued at $36,000 after purchasing an additional 662 shares in the last quarter. Bogart Wealth LLC grew its stake in Caesars Entertainment by 82.8% during the 1st quarter. Bogart Wealth LLC now owns 1,545 shares of the company's stock valued at $39,000 after purchasing an additional 700 shares in the last quarter. Resona Asset Management Co. Ltd. grew its stake in Caesars Entertainment by 35.8% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,809 shares of the company's stock valued at $46,000 after purchasing an additional 477 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings 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 buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company's stock.

Caesars Entertainment Trading Up 7.0%

Shares of NASDAQ CZR opened at $26.75 on Friday. The company has a market cap of $5.56 billion, a price-to-earnings ratio of -29.08 and a beta of 2.40. Caesars Entertainment, Inc. has a 12-month low of $21.40 and a 12-month high of $45.93. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 6.08. The stock's 50 day simple moving average is $27.84 and its 200 day simple moving average is $28.58.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on CZR shares. Stifel Nicolaus increased their target price on Caesars Entertainment from $42.00 to $45.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Barclays reduced their target price on Caesars Entertainment from $45.00 to $43.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. JPMorgan Chase & Co. increased their target price on Caesars Entertainment from $47.00 to $48.00 and gave the stock an "overweight" rating in a report on Tuesday, July 22nd. Macquarie reduced their target price on Caesars Entertainment from $45.00 to $40.00 and set an "outperform" rating on the stock in a report on Wednesday, July 30th. Finally, The Goldman Sachs Group started coverage on Caesars Entertainment in a report on Monday, July 7th. They set a "buy" rating and a $36.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $42.47.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.