44,239 Shares in Caesars Entertainment, Inc. (NASDAQ:CZR) Bought by QRG Capital Management Inc.

QRG Capital Management Inc. purchased a new stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 44,239 shares of the company's stock, valued at approximately $2,074,000.

Other large investors also recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Caesars Entertainment during the 3rd quarter valued at about $32,000. Altshuler Shaham Ltd acquired a new stake in Caesars Entertainment in the fourth quarter valued at approximately $45,000. Principal Securities Inc. purchased a new stake in shares of Caesars Entertainment in the fourth quarter valued at approximately $46,000. GAMMA Investing LLC acquired a new position in shares of Caesars Entertainment during the 4th quarter worth approximately $99,000. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of Caesars Entertainment by 2,096.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,196 shares of the company's stock valued at $103,000 after buying an additional 2,096 shares in the last quarter. 91.79% of the stock is owned by institutional investors and hedge funds.

Caesars Entertainment Trading Down 1.2 %

NASDAQ:CZR traded down $0.44 on Wednesday, hitting $36.27. The stock had a trading volume of 3,213,619 shares, compared to its average volume of 3,393,963. The company has a fifty day moving average price of $39.91 and a two-hundred day moving average price of $42.89. Caesars Entertainment, Inc. has a 1-year low of $35.09 and a 1-year high of $60.27. The company has a quick ratio of 0.67, a current ratio of 0.69 and a debt-to-equity ratio of 2.65. The stock has a market cap of $7.85 billion, a price-to-earnings ratio of 10.28 and a beta of 2.83.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 20th. The company reported ($0.34) earnings per share 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 business had revenue of $2.83 billion during the quarter, compared to analysts' expectations of $2.85 billion. During the same quarter in the previous year, the company posted ($0.11) earnings per share. The company's revenue was up .1% on a year-over-year basis. Equities research analysts expect that Caesars Entertainment, Inc. will post 0.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CZR. Morgan Stanley upped their price objective on shares of Caesars Entertainment from $44.00 to $45.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 9th. JMP Securities lowered their price objective on Caesars Entertainment from $62.00 to $60.00 and set a "market outperform" rating on the stock in a report on Thursday, May 2nd. Susquehanna reduced their target price on Caesars Entertainment from $49.00 to $44.00 and set a "neutral" rating for the company in a report on Wednesday, February 21st. Truist Financial lowered their price target on Caesars Entertainment from $58.00 to $52.00 and set a "buy" rating on the stock in a research note on Wednesday, May 1st. Finally, B. Riley started coverage on Caesars Entertainment in a report on Thursday, May 9th. They issued a "buy" rating and a $70.00 price objective on the stock. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Caesars Entertainment currently has a consensus rating of "Moderate Buy" and a consensus target price of $55.08.

Insider Activity at Caesars Entertainment

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

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.