Andra AP fonden Sells 34,000 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Andra AP fonden decreased its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 96.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,200 shares of the company’s stock after selling 34,000 shares during the quarter. Andra AP fonden’s holdings in Caesars Entertainment were worth $48,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CZR. Blue Trust Inc. increased its stake in shares of Caesars Entertainment by 525.3% in the 2nd quarter. Blue Trust Inc. now owns 594 shares of the company’s stock valued at $26,000 after purchasing an additional 499 shares during the last quarter. Principal Securities Inc. acquired a new position in Caesars Entertainment during the fourth quarter worth about $46,000. Mather Group LLC. bought a new position in shares of Caesars Entertainment in the first quarter worth about $53,000. TFO Wealth Partners LLC boosted its stake in shares of Caesars Entertainment by 22,920.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,151 shares of the company’s stock valued at $54,000 after purchasing an additional 1,146 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Caesars Entertainment by 63.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock valued at $64,000 after purchasing an additional 622 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CZR has been the topic of a number of research analyst reports. Jefferies Financial Group cut their target price on shares of Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Stifel Nicolaus raised their price objective on Caesars Entertainment from $54.00 to $56.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. JMP Securities increased their target price on Caesars Entertainment from $58.00 to $59.00 and gave the company a “market outperform” rating in a research report on Thursday, August 22nd. Raymond James initiated coverage on Caesars Entertainment in a research note on Tuesday, May 21st. They set a “strong-buy” rating and a $55.00 price target on the stock. Finally, Susquehanna reaffirmed a “negative” rating and issued a $33.00 price objective on shares of Caesars Entertainment in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Caesars Entertainment has a consensus rating of “Moderate Buy” and a consensus price target of $54.14.

Caesars Entertainment Trading Up 0.5 %

NASDAQ:CZR opened at $36.53 on Friday. Caesars Entertainment, Inc. has a 52 week low of $31.74 and a 52 week high of $54.16. The company has a debt-to-equity ratio of 5.56, a quick ratio of 0.68 and a current ratio of 0.70. The firm’s fifty day moving average is $36.71 and its 200-day moving average is $37.97. The firm has a market cap of $7.91 billion, a P/E ratio of 10.35 and a beta of 2.96.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings results on Tuesday, July 30th. The company reported ($0.56) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.68). Caesars Entertainment had a negative net margin of 2.44% and a negative return on equity of 2.57%. The firm had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same period last year, the company posted $0.82 EPS. The business’s revenue was down 1.7% compared to the same quarter last year. Equities analysts expect that Caesars Entertainment, Inc. will post 0.06 earnings per share for the current year.

Caesars Entertainment 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.