Pekin Hardy Strauss Inc. Buys 15,213 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Pekin Hardy Strauss Inc. raised its position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 8.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 187,293 shares of the company's stock after buying an additional 15,213 shares during the period. Pekin Hardy Strauss Inc. owned 0.09% of Caesars Entertainment worth $4,682,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FIL Ltd acquired a new position in shares of Caesars Entertainment during the fourth quarter worth approximately $28,000. Mather Group LLC. lifted its position in shares of Caesars Entertainment by 64.4% during the first quarter. Mather Group LLC. now owns 1,034 shares of the company's stock worth $26,000 after purchasing an additional 405 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new position in shares of Caesars Entertainment during the fourth quarter worth approximately $44,000. Canada Pension Plan Investment Board lifted its position in shares of Caesars Entertainment by 100.0% during the fourth 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 in the last quarter. Finally, Canada Post Corp Registered Pension Plan acquired a new position in shares of Caesars Entertainment during the fourth quarter worth approximately $71,000. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Caesars Entertainment Trading Down 1.0%

NASDAQ:CZR traded down $0.29 during trading hours on Monday, hitting $29.42. The stock had a trading volume of 3,952,824 shares, compared to its average volume of 4,969,671. Caesars Entertainment, Inc. has a one year low of $21.40 and a one year high of $45.93. The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.82 and a current ratio of 0.84. The company has a market cap of $6.12 billion, a price-to-earnings ratio of -26.99, a P/E/G ratio of 18.55 and a beta of 2.29. The business's 50 day moving average is $28.02 and its 200-day moving average is $30.01.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued 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 net margin of 2.08% and a negative return on equity of 2.60%. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the previous year, the company posted ($0.73) EPS. The firm's revenue for the quarter was up 1.9% on a year-over-year basis. Sell-side analysts anticipate that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CZR has been the topic of a number of research reports. The Goldman Sachs Group started coverage on shares of Caesars Entertainment in a research report on Monday. They set a "buy" rating and a $36.00 target price on the stock. 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. Capital One Financial upgraded shares of Caesars Entertainment from an "equal weight" rating to an "overweight" rating and cut their price objective for the company from $51.00 to $47.00 in a report on Thursday, April 3rd. Susquehanna increased their price objective on shares of Caesars Entertainment from $23.00 to $28.00 and gave the company a "neutral" rating in a report on Wednesday, April 30th. Finally, Morgan Stanley cut their price objective on shares of Caesars Entertainment from $30.00 to $29.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $42.50.

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.