Dynamic Technology Lab Private Ltd Takes Position in Caesars Entertainment, Inc. $CZR

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new position in Caesars Entertainment, Inc., purchasing 30,943 shares valued at approximately $774,000.
• Several institutional investors have significantly increased their holdings in Caesars Entertainment, with Mather Group LLC leading with a 64.4% increase in the first quarter.
• Caesars reported a loss of $0.39 EPS for the quarter, missing expectations, despite revenues of $2.91 billion surpassing analyst estimates.

Dynamic Technology Lab Private Ltd bought a new position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 30,943 shares of the company's stock, valued at approximately $774,000.

Several other institutional investors have also bought and sold shares of CZR. Mather Group LLC. grew its position in Caesars Entertainment by 64.4% in the first quarter. Mather Group LLC. now owns 1,034 shares of the company's stock valued at $26,000 after acquiring an additional 405 shares during the period. Allworth Financial LP boosted its stake 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 in the last quarter. Bogart Wealth LLC boosted its stake 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 in the last quarter. Resona Asset Management Co. Ltd. grew its holdings 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 worth $46,000 after purchasing an additional 477 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Caesars Entertainment by 99.2% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,157 shares of the company's stock worth $79,000 after purchasing an additional 1,572 shares in the last quarter. Institutional investors and hedge funds own 91.79% of the company's stock.

Caesars Entertainment Stock Performance

CZR stock opened at $26.38 on Tuesday. The company has a 50 day moving average price of $27.46 and a 200 day moving average price of $27.62. Caesars Entertainment, Inc. has a fifty-two week low of $21.40 and a fifty-two week high of $45.93. The company has a debt-to-equity ratio of 6.08, a current ratio of 0.82 and a quick ratio of 0.81. The stock has a market capitalization of $5.49 billion, a PE ratio of -28.67 and a beta of 2.24.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.46). The firm had revenue of $2.91 billion during 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 firm's quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the business posted ($0.56) earnings per share. Analysts forecast that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CZR shares. Citigroup restated a "market outperform" rating on shares of Caesars Entertainment in a research report on Friday, July 18th. Zacks Research raised Caesars Entertainment from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. Macquarie dropped their price target on Caesars Entertainment from $45.00 to $40.00 and set an "outperform" rating for the company in a report on Wednesday, July 30th. Barclays cut their price objective on Caesars Entertainment from $45.00 to $43.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Finally, Truist Financial decreased their target price on Caesars Entertainment from $38.00 to $37.00 and set a "buy" rating on the stock in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.47.

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.

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