Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Sold by Jefferies Financial Group Inc.

Key Points

• Jefferies Financial Group Inc. significantly reduced its stake in Caesars Entertainment by 96.6%, selling 1,341,158 shares and holding only 46,909 shares worth approximately $1.17 million.
• Several institutional investors, including DAVENPORT & Co LLC and Invesco Ltd., have increased their positions in Caesars Entertainment, indicating a strong interest in the stock.
• Wall Street analysts have mixed views on Caesars Entertainment, with a consensus rating of "Moderate Buy" and a price target averaging around $42.53, reflecting overall optimism for the company's growth potential.

Jefferies Financial Group Inc. cut its stake in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 96.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,909 shares of the company's stock after selling 1,341,158 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Caesars Entertainment were worth $1,173,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Mather Group LLC. lifted its holdings 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 last quarter. FIL Ltd bought a new position in Caesars Entertainment during the 4th quarter valued at $28,000. Allworth Financial LP boosted its holdings in shares of Caesars Entertainment by 97.8% during the first quarter. Allworth Financial LP now owns 1,339 shares of the company's stock valued at $36,000 after acquiring an additional 662 shares during the period. Bogart Wealth LLC raised 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 worth $39,000 after buying an additional 700 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new position in Caesars Entertainment during the fourth quarter valued at $44,000. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Caesars Entertainment Trading Down 0.6%

Shares of Caesars Entertainment stock traded down $0.15 on Friday, hitting $24.00. 3,943,304 shares of the company traded hands, compared to its average volume of 5,543,969. Caesars Entertainment, Inc. has a 52 week low of $21.40 and a 52 week high of $45.93. The stock's 50 day moving average price is $28.14 and its 200-day moving average price is $29.33. The company has a market cap of $4.99 billion, a PE ratio of -26.08 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 firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.85 billion. Caesars Entertainment had a negative return on equity of 4.55% and a negative net margin of 1.71%. Caesars Entertainment's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.56) EPS. Equities research analysts predict that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CZR shares. JMP Securities decreased their price objective on Caesars Entertainment from $45.00 to $43.00 and set a "market outperform" rating on the stock in a report on Wednesday, July 30th. Citigroup restated a "market outperform" rating on shares of Caesars Entertainment in a research note on Friday, July 18th. Susquehanna cut their target price on shares of Caesars Entertainment from $28.00 to $27.00 and set a "neutral" rating on the stock in a research report on Friday, August 1st. Barclays decreased their price target on shares of Caesars Entertainment from $45.00 to $43.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Finally, The Goldman Sachs Group initiated coverage on shares of Caesars Entertainment in a research note on Monday, July 7th. They issued a "buy" rating and a $36.00 target price for the company. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Caesars Entertainment presently has a consensus rating of "Moderate Buy" and a consensus target price 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.