Quantbot Technologies LP Acquires 10,485 Shares of Caesars Entertainment, Inc. $CZR

Key Points

• Quantbot Technologies LP increased its stake in Caesars Entertainment by 32.8% during the first quarter, owning a total of 42,467 shares valued at approximately $1.06 million.
• Institutional investors own 91.79% of Caesars Entertainment's stock, with several fund managers significantly increasing their positions in the company in the first quarter.
• Brokerage analysts have varied opinions on Caesars Entertainment, with price targets ranging from $31.00 to $50.00 and an average rating of "Moderate Buy".

Quantbot Technologies LP increased its position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 32.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,467 shares of the company's stock after buying an additional 10,485 shares during the quarter. Quantbot Technologies LP's holdings in Caesars Entertainment were worth $1,062,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Mather Group LLC. boosted its position in shares of Caesars Entertainment by 64.4% in 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 during the period. Allworth Financial LP boosted its position in shares of Caesars Entertainment by 97.8% in 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 during the period. Bogart Wealth LLC boosted its position in shares of Caesars Entertainment by 82.8% in 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 during the period. Canada Pension Plan Investment Board boosted its position in shares of Caesars Entertainment by 100.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company's stock valued at $53,000 after purchasing an additional 800 shares during the period. Finally, Resona Asset Management Co. Ltd. boosted its position in shares of Caesars Entertainment by 35.8% in 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 during the period. Institutional investors and hedge funds own 91.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group assumed coverage on Caesars Entertainment in a research note on Monday, July 7th. They issued a "buy" rating and a $36.00 price objective for the company. Barclays reduced their price objective on Caesars Entertainment from $45.00 to $43.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Truist Financial reduced their price objective on Caesars Entertainment from $38.00 to $37.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. Stifel Nicolaus increased their price objective on Caesars Entertainment from $42.00 to $45.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Finally, Zacks Research upgraded Caesars Entertainment from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $42.47.

Caesars Entertainment Stock Down 1.3%

NASDAQ CZR traded down $0.37 during trading on Friday, hitting $26.88. 1,338,158 shares of the company traded hands, compared to its average volume of 5,555,009. Caesars Entertainment, Inc. has a 12 month low of $21.40 and a 12 month high of $45.93. The business has a fifty day simple moving average of $27.82 and a 200 day simple moving average of $28.32. The company has a market capitalization of $5.59 billion, a P/E ratio of -29.19 and a beta of 2.40. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 6.08.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported ($0.39) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.46). The company had revenue of $2.91 billion for the quarter, compared to analyst estimates 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 revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.56) EPS. As a group, sell-side analysts predict that Caesars Entertainment, Inc. will post -0.77 EPS 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.