UniSuper Management Pty Ltd Buys 12,991 Shares of Caesars Entertainment, Inc. $CZR

Key Points

• UniSuper Management Pty Ltd increased its stake in Caesars Entertainment, Inc. by 29.7% during Q1, bringing its total shares to 56,715, valued at approximately $1.42 million.
• Several other institutional investors also significantly raised their stakes in Caesars, with Mather Group LLC increasing by 64.4% and Allworth Financial LP by 97.8% in the same quarter.
• Wall Street analysts have mixed ratings on Caesars' stock, with a consensus rating of "Moderate Buy" and an average target price of $42.47; however, the company reported a loss of $0.39 earnings per share for the last quarter.

UniSuper Management Pty Ltd lifted its position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 29.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,715 shares of the company's stock after buying an additional 12,991 shares during the quarter. UniSuper Management Pty Ltd's holdings in Caesars Entertainment were worth $1,418,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Mather Group LLC. raised its stake in Caesars Entertainment by 64.4% during 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. Allworth Financial LP raised its stake in 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 raised its stake in 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. raised its stake in 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, Mufg Securities Americas Inc. acquired a new position in Caesars Entertainment during the 4th quarter valued at $105,000. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on CZR shares. JPMorgan Chase & Co. upped their target price on shares of Caesars Entertainment from $47.00 to $48.00 and gave the company an "overweight" rating in a research note on Tuesday, July 22nd. Zacks Research upgraded shares of Caesars Entertainment from a "strong sell" rating to a "hold" rating in a research note on Monday, August 18th. Cfra reiterated a "hold" rating and set a $50.00 target price on shares of Caesars Entertainment in a research note on Friday, July 11th. Susquehanna cut their target price on shares of Caesars Entertainment from $28.00 to $27.00 and set a "neutral" rating for the company in a research note on Friday, August 1st. Finally, Stifel Nicolaus increased their price objective on shares of Caesars Entertainment from $42.00 to $45.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $42.33.

Caesars Entertainment Price Performance

Shares of Caesars Entertainment stock traded down $0.32 during mid-day trading on Tuesday, reaching $25.58. 4,586,095 shares of the stock were exchanged, compared to its average volume of 5,503,736. The company has a market cap of $5.32 billion, a price-to-earnings ratio of -27.80 and a beta of 2.24. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 6.08. The firm has a 50-day simple moving average of $26.96 and a 200 day simple moving average of $27.31. Caesars Entertainment, Inc. has a fifty-two week low of $21.40 and a fifty-two week high of $45.93.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported ($0.39) earnings per share (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%.The company's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the business earned ($0.56) EPS. On average, sell-side analysts predict that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

About Caesars Entertainment

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.