Vanguard Personalized Indexing Management LLC Raises Stake in Caesars Entertainment, Inc. $CZR

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Caesars Entertainment, Inc. by 105.1% in the second quarter, owning 27,813 shares worth approximately $790,000.
• Institutional investors currently own 91.79% of Caesars Entertainment's stock, indicating strong institutional support for the company.
• Despite revenues of $2.91 billion for the quarter, Caesars reported a loss of ($0.39) earnings per share, missing estimates significantly.

Vanguard Personalized Indexing Management LLC increased its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 105.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,813 shares of the company's stock after buying an additional 14,249 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Caesars Entertainment were worth $790,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. JFS Wealth Advisors LLC raised its holdings in shares of Caesars Entertainment by 508.5% during the second quarter. JFS Wealth Advisors LLC now owns 864 shares of the company's stock worth $25,000 after purchasing an additional 722 shares during the last quarter. Mather Group LLC. grew its position in Caesars Entertainment by 64.4% during the 1st quarter. Mather Group LLC. now owns 1,034 shares of the company's stock worth $26,000 after purchasing an additional 405 shares during the period. UMB Bank n.a. raised its stake in shares of Caesars Entertainment by 52.0% during the 2nd quarter. UMB Bank n.a. now owns 1,049 shares of the company's stock valued at $30,000 after buying an additional 359 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Caesars Entertainment by 168.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,133 shares of the company's stock valued at $32,000 after buying an additional 711 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Caesars Entertainment by 69.7% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,164 shares of the company's stock valued at $33,000 after buying an additional 478 shares during the period. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Caesars Entertainment Price Performance

Shares of NASDAQ CZR opened at $22.20 on Tuesday. 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 firm has a fifty day moving average of $25.35 and a 200 day moving average of $26.86. The firm has a market cap of $4.62 billion, a PE ratio of -24.13 and a beta of 2.38. Caesars Entertainment, Inc. has a one year low of $21.40 and a one year high of $45.65.

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 the consensus estimate of $0.07 by ($0.46). The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.85 billion. Caesars Entertainment had a negative net margin of 1.71% and a negative return on equity of 4.55%. The firm'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. As a group, research analysts predict that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on CZR shares. The Goldman Sachs Group started coverage on Caesars Entertainment in a report on Monday, July 7th. They set a "buy" rating and a $36.00 target price on the stock. Stifel Nicolaus dropped their price objective on shares of Caesars Entertainment from $45.00 to $43.00 and set a "buy" rating on the stock in a research note on Wednesday, October 8th. Truist Financial decreased their target price 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. Macquarie dropped their price target on shares of Caesars Entertainment from $45.00 to $40.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 30th. Finally, Morgan Stanley cut 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 report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $42.13.

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.

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