Victory Capital Management Inc. Boosts Stake in Caesars Entertainment, Inc. (NASDAQ:CZR)

Victory Capital Management Inc. boosted its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 21.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 615,915 shares of the company's stock after purchasing an additional 107,120 shares during the quarter. Victory Capital Management Inc. owned about 0.29% of Caesars Entertainment worth $28,874,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Annis Gardner Whiting Capital Advisors LLC bought a new position in Caesars Entertainment in the third quarter worth approximately $32,000. GAMMA Investing LLC bought a new stake in Caesars Entertainment during the 4th quarter valued at $99,000. Covestor Ltd lifted its stake in shares of Caesars Entertainment by 22.9% in the third quarter. Covestor Ltd now owns 2,575 shares of the company's stock valued at $119,000 after buying an additional 480 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Caesars Entertainment by 33.3% during the third quarter. Signaturefd LLC now owns 2,603 shares of the company's stock valued at $121,000 after buying an additional 650 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Caesars Entertainment by 10.6% in the 3rd quarter. Assetmark Inc. now owns 2,713 shares of the company's stock worth $126,000 after acquiring an additional 261 shares during the last quarter. 91.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CZR shares. Morgan Stanley increased their price objective on Caesars Entertainment from $44.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 9th. Barclays lowered their target price on shares of Caesars Entertainment from $65.00 to $63.00 and set an "overweight" rating for the company in a report on Friday, April 19th. Susquehanna decreased their price objective on shares of Caesars Entertainment from $49.00 to $44.00 and set a "neutral" rating for the company in a research note on Wednesday, February 21st. Stifel Nicolaus reduced their target price on Caesars Entertainment from $67.00 to $54.00 and set a "buy" rating for the company in a report on Wednesday, May 1st. Finally, JMP Securities cut their price objective on Caesars Entertainment from $62.00 to $60.00 and set a "market outperform" rating on the stock in a research report on Thursday, May 2nd. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Caesars Entertainment currently has an average rating of "Moderate Buy" and a consensus target price of $53.83.

Insider Buying and Selling at Caesars Entertainment

In other Caesars Entertainment news, Director Michael E. Pegram bought 15,000 shares of Caesars Entertainment stock in a transaction that occurred on Wednesday, March 6th. The stock was acquired at an average cost of $41.45 per share, for a total transaction of $621,750.00. Following the completion of the transaction, the director now directly owns 4,612 shares in the company, valued at $191,167.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Michael E. Pegram bought 15,000 shares of the company's stock in a transaction on Wednesday, March 6th. The stock was acquired at an average cost of $41.45 per share, for a total transaction of $621,750.00. Following the completion of the transaction, the director now directly owns 4,612 shares in the company, valued at approximately $191,167.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael E. Pegram acquired 40,000 shares of the stock in a transaction dated Friday, May 3rd. The shares were bought at an average price of $36.39 per share, for a total transaction of $1,455,600.00. Following the transaction, the director now owns 181,697 shares in the company, valued at approximately $6,611,953.83. The disclosure for this purchase can be found here. Insiders own 0.64% of the company's stock.

Caesars Entertainment Stock Performance

CZR stock traded down $0.13 during midday trading on Wednesday, reaching $36.22. 2,982,276 shares of the company's stock traded hands, compared to its average volume of 3,389,436. Caesars Entertainment, Inc. has a 52 week low of $35.09 and a 52 week high of $60.27. The company has a 50-day moving average price of $40.46 and a two-hundred day moving average price of $43.01. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.67 and a current ratio of 0.69. The firm has a market capitalization of $7.84 billion, a PE ratio of 10.26 and a beta of 2.83.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued its earnings results on Tuesday, February 20th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.31). Caesars Entertainment had a return on equity of 1.27% and a net margin of 6.68%. The company had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the prior year, the business earned ($0.11) EPS. The firm's revenue for the quarter was up .1% compared to the same quarter last year. As a group, equities analysts anticipate that Caesars Entertainment, Inc. will post 0.23 EPS for the current year.

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.