30,943 Shares in Caesars Entertainment, Inc. $CZR Purchased by Dynamic Technology Lab Private Ltd

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 stake in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) during the 1st 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 hedge funds have also recently made changes to their positions in CZR. DAVENPORT & Co LLC increased its position in shares of Caesars Entertainment by 1,051.1% in the 1st quarter. DAVENPORT & Co LLC now owns 3,495,915 shares of the company's stock valued at $87,399,000 after acquiring an additional 3,192,224 shares during the period. Hein Park Capital Management LP acquired a new position in shares of Caesars Entertainment in the 1st quarter valued at $60,492,000. HG Vora Capital Management LLC increased its position in shares of Caesars Entertainment by 73.3% in the 1st quarter. HG Vora Capital Management LLC now owns 3,900,000 shares of the company's stock valued at $97,500,000 after acquiring an additional 1,650,000 shares during the period. Duquesne Family Office LLC acquired a new stake in Caesars Entertainment during the 1st quarter worth about $38,711,000. Finally, Royal Bank of Canada grew its position in Caesars Entertainment by 477.7% during the 1st quarter. Royal Bank of Canada now owns 1,833,567 shares of the company's stock worth $45,839,000 after purchasing an additional 1,516,153 shares during the period. 91.79% of the stock is owned by institutional investors and hedge funds.

Caesars Entertainment Price Performance

Shares of NASDAQ:CZR traded down $0.81 during trading on Friday, reaching $25.09. 4,956,409 shares of the company's stock traded hands, compared to its average volume of 5,449,453. 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 quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 6.08. The firm has a market cap of $5.22 billion, a PE ratio of -27.27 and a beta of 2.24. The company has a 50-day simple moving average of $27.12 and a 200-day simple moving average of $27.37.

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

Analysts Set New Price Targets

Several brokerages have weighed in on CZR. JMP Securities cut their price target on Caesars Entertainment from $45.00 to $43.00 and set a "market outperform" rating on the stock in a research report on Wednesday, July 30th. Susquehanna cut their price target on Caesars Entertainment from $28.00 to $27.00 and set a "neutral" rating on the stock in a research report on Friday, August 1st. Truist Financial cut their price target on Caesars Entertainment from $38.00 to $37.00 and set a "buy" rating on the stock in a research report on Wednesday, July 30th. The Goldman Sachs Group began coverage on Caesars Entertainment in a research report on Monday, July 7th. They set a "buy" rating and a $36.00 price target on the stock. Finally, Cfra reaffirmed a "hold" rating and set a $50.00 price target on shares of Caesars Entertainment in a research report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $42.47.

Caesars Entertainment Company 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.