Russell Investments Group Ltd. Sells 181,141 Shares of Caesars Entertainment, Inc. $CZR

Key Points

• Russell Investments Group Ltd. has reduced its stake in Caesars Entertainment by 22.6%, now holding approximately 0.30% of the company's shares valued at $15.55 million.
• Analysts have mixed views on Caesars Entertainment, with price targets ranging from $27 to $48, while the company has an average rating of "Moderate Buy" and a consensus target price of $42.47.
• Caesars Entertainment's latest earnings report showed a loss of ($0.39) EPS, falling short of analysts' expectations, though the company experienced a 2.7% increase in revenue year-over-year to $2.91 billion.

Russell Investments Group Ltd. trimmed its position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 22.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 621,997 shares of the company's stock after selling 181,141 shares during the quarter. Russell Investments Group Ltd. owned about 0.30% of Caesars Entertainment worth $15,552,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Mather Group LLC. lifted its position in Caesars Entertainment by 64.4% during the first 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. Allworth Financial LP increased its position in shares of Caesars Entertainment by 97.8% during 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 during the last quarter. Bogart Wealth LLC increased its position in shares of Caesars Entertainment by 82.8% during 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 during the last quarter. Resona Asset Management Co. Ltd. increased its position in shares of Caesars Entertainment by 35.8% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,809 shares of the company's stock valued at $46,000 after purchasing an additional 477 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in shares of Caesars Entertainment by 100.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company's stock valued at $53,000 after purchasing an additional 800 shares during the last quarter. 91.79% of the stock is owned by institutional investors.

Caesars Entertainment Stock Up 5.8%

NASDAQ CZR traded up $1.4470 on Friday, reaching $26.4470. 2,671,194 shares of the stock traded hands, compared to its average volume of 5,548,598. The company has a debt-to-equity ratio of 6.08, a quick ratio of 0.81 and a current ratio of 0.82. The company has a fifty day moving average price of $27.81 and a 200-day moving average price of $28.64. The company has a market cap of $5.50 billion, a price-to-earnings ratio of -28.76 and a beta of 2.40. 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 issued its earnings results on Tuesday, July 29th. The company reported ($0.39) earnings per share 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 the consensus estimate of $2.85 billion. Caesars Entertainment had a negative net margin of 1.71% and a negative return on equity of 4.55%. The company's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the firm earned ($0.56) earnings per share. As a group, research analysts forecast that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CZR. Stifel Nicolaus boosted their target price on Caesars Entertainment from $42.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Truist Financial decreased their price objective on shares of Caesars Entertainment from $38.00 to $37.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. Morgan Stanley decreased their price objective on shares of Caesars Entertainment from $32.00 to $31.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 6th. Macquarie decreased their price objective on shares of Caesars Entertainment from $45.00 to $40.00 and set an "outperform" rating for the company in a research note on Wednesday, July 30th. Finally, Barclays decreased their price objective 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. One 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. According to MarketBeat.com, Caesars Entertainment has a consensus rating of "Moderate Buy" and an average 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.