Round Rock Advisors LLC acquired a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 33,819 shares of the company's stock, valued at approximately $1,585,000.
Other large investors have also made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC bought a new position in Caesars Entertainment during the third quarter valued at about $32,000. Bessemer Group Inc. increased its stake in Caesars Entertainment by 4,708.8% during the fourth quarter. Bessemer Group Inc. now owns 1,635 shares of the company's stock valued at $68,000 after acquiring an additional 1,601 shares during the period. UniSuper Management Pty Ltd bought a new position in Caesars Entertainment during the second quarter valued at about $76,000. IFP Advisors Inc increased its stake in Caesars Entertainment by 139.5% during the second quarter. IFP Advisors Inc now owns 1,696 shares of the company's stock valued at $86,000 after acquiring an additional 988 shares during the period. Finally, Covestor Ltd increased its stake in Caesars Entertainment by 958.7% during the first quarter. Covestor Ltd now owns 1,154 shares of the company's stock valued at $89,000 after acquiring an additional 1,045 shares during the period. Institutional investors and hedge funds own 91.79% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. Wells Fargo & Company lowered their price target on Caesars Entertainment from $72.00 to $68.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 21st. Susquehanna lowered their price objective on Caesars Entertainment from $49.00 to $44.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 21st. Barclays lowered their price objective on Caesars Entertainment from $67.00 to $65.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 21st. StockNews.com lowered Caesars Entertainment from a "buy" rating to a "hold" rating in a research note on Monday, January 1st. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Caesars Entertainment from $60.00 to $62.00 and gave the company a "buy" rating in a research note on Thursday, February 22nd. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.45.
Get Our Latest Report on CZR
Caesars Entertainment Price Performance
Shares of CZR traded up $0.72 on Thursday, hitting $42.22. The company's stock had a trading volume of 2,592,179 shares, compared to its average volume of 3,130,103. The company has a market capitalization of $9.13 billion, a PE ratio of 11.46 and a beta of 2.81. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.76 and a quick ratio of 0.74. Caesars Entertainment, Inc. has a fifty-two week low of $38.33 and a fifty-two week high of $60.27. The company has a 50 day moving average price of $42.33 and a 200 day moving average price of $43.91.
Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.31). Caesars Entertainment had a return on equity of 4.48% and a net margin of 6.82%. The firm had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same period in the prior year, the company posted ($0.11) EPS. The firm's quarterly revenue was up .1% compared to the same quarter last year. On average, research analysts anticipate that Caesars Entertainment, Inc. will post 1.1 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, Director Michael E. Pegram acquired 15,000 shares of Caesars Entertainment stock in a transaction on Wednesday, March 6th. The shares were purchased at an average price of $41.45 per share, with a total value of $621,750.00. Following the acquisition, the director now owns 4,612 shares in the company, valued at $191,167.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.64% of the company's stock.
About Caesars Entertainment
(
Free Report)
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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