Vanguard Group Inc. Purchases 183,963 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Vanguard Group Inc. increased its stake in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 0.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,548,822 shares of the company's stock after purchasing an additional 183,963 shares during the quarter. Vanguard Group Inc. owned about 11.32% of Caesars Entertainment worth $588,721,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CZR. Mather Group LLC. boosted its position 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 period. Allworth Financial LP raised its stake 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 worth $36,000 after purchasing an additional 662 shares in the last quarter. 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 valued at $39,000 after acquiring an additional 700 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Caesars Entertainment by 100.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company's stock valued at $53,000 after acquiring an additional 800 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan bought a new position in shares of Caesars Entertainment in the 4th quarter valued at approximately $71,000. Institutional investors own 91.79% of the company's stock.

Caesars Entertainment Price Performance

Caesars Entertainment stock traded down $0.20 on Friday, reaching $25.33. The company's stock had a trading volume of 3,747,489 shares, compared to its average volume of 6,846,191. 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 market cap of $5.27 billion, a price-to-earnings ratio of -27.53 and a beta of 2.40. The business's fifty day moving average price is $27.99 and its 200 day moving average price is $28.89. Caesars Entertainment, Inc. has a twelve month low of $21.40 and a twelve month high of $45.93.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released 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 return on equity of 4.55% and a negative net margin of 1.71%. The company's revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.56) EPS. Equities analysts expect that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CZR shares. The Goldman Sachs Group started coverage on Caesars Entertainment in a research note on Monday, July 7th. They issued a "buy" rating and a $36.00 price objective on the stock. Macquarie cut their price objective on Caesars Entertainment from $45.00 to $40.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 30th. Susquehanna cut their price objective on Caesars Entertainment from $28.00 to $27.00 and set a "neutral" rating on the stock in a research note on Friday, August 1st. Barclays cut their price objective on Caesars Entertainment from $45.00 to $43.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Finally, JMP Securities dropped 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. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus 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.