GAMMA Investing LLC Purchases 97,747 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

GAMMA Investing LLC boosted its position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 5,069.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,675 shares of the company's stock after buying an additional 97,747 shares during the quarter. GAMMA Investing LLC's holdings in Caesars Entertainment were worth $2,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of CZR. Bogart Wealth LLC boosted its stake in Caesars Entertainment by 1,777.8% in the fourth quarter. Bogart Wealth LLC now owns 845 shares of the company's stock worth $28,000 after buying an additional 800 shares in the last quarter. FIL Ltd purchased a new stake in Caesars Entertainment in the fourth quarter worth approximately $28,000. Resona Asset Management Co. Ltd. purchased a new stake in Caesars Entertainment in the fourth quarter worth approximately $44,000. Canada Pension Plan Investment Board boosted its stake in Caesars Entertainment by 100.0% in the fourth 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 in the last quarter. Finally, Canada Post Corp Registered Pension Plan purchased a new stake in Caesars Entertainment in the fourth quarter worth approximately $71,000. Hedge funds and other institutional investors own 91.79% of the company's stock.

Caesars Entertainment Trading Up 2.7%

Shares of Caesars Entertainment stock traded up $0.69 during midday trading on Monday, reaching $26.25. 6,770,323 shares of the company's stock traded hands, compared to its average volume of 4,889,973. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. The company has a market cap of $5.46 billion, a PE ratio of -15.72 and a beta of 2.31. The stock has a 50 day moving average of $27.32 and a 200-day moving average of $30.82. Caesars Entertainment, Inc. has a 12 month low of $21.40 and a 12 month high of $45.93.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.35). The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. Caesars Entertainment's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.73) EPS. As a group, equities analysts expect that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on CZR shares. Capital One Financial upgraded Caesars Entertainment from an "equal weight" rating to an "overweight" rating and lowered their price objective for the company from $51.00 to $47.00 in a research report on Thursday, April 3rd. Wells Fargo & Company lowered their price objective on Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Macquarie lowered their price objective on Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Susquehanna boosted their price objective on Caesars Entertainment from $23.00 to $28.00 and gave the company a "neutral" rating in a research report on Wednesday, April 30th. Finally, Morgan Stanley lowered their price objective on Caesars Entertainment from $30.00 to $29.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $43.77.

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.