Caesars Entertainment, Inc. (NASDAQ:CZR) Stock Holdings Lifted by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 12.2% during the second quarter, HoldingsChannel.com reports. The firm owned 23,890 shares of the company’s stock after buying an additional 2,602 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Caesars Entertainment were worth $949,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CZR. Private Advisor Group LLC grew its stake in Caesars Entertainment by 12.0% in the fourth quarter. Private Advisor Group LLC now owns 5,040 shares of the company’s stock valued at $236,000 after purchasing an additional 538 shares in the last quarter. Principal Securities Inc. purchased a new position in Caesars Entertainment in the fourth quarter valued at about $46,000. Dimensional Fund Advisors LP grew its stake in Caesars Entertainment by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,616,373 shares of the company’s stock valued at $75,789,000 after purchasing an additional 9,213 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Caesars Entertainment by 19.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 226,725 shares of the company’s stock valued at $10,203,000 after purchasing an additional 37,098 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in Caesars Entertainment by 487.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 39,472 shares of the company’s stock valued at $1,850,000 after purchasing an additional 32,752 shares in the last quarter. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Price Performance

Shares of NASDAQ:CZR opened at $38.87 on Monday. The business has a 50 day moving average price of $36.75 and a 200 day moving average price of $37.91. The company has a quick ratio of 0.68, a current ratio of 0.70 and a debt-to-equity ratio of 5.56. Caesars Entertainment, Inc. has a twelve month low of $31.74 and a twelve month high of $54.16. The company has a market cap of $8.41 billion, a price-to-earnings ratio of 11.01 and a beta of 2.96.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings data 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 return on equity of 2.57% and a negative net margin of 2.44%. The firm had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the prior year, the business posted $0.82 EPS. Caesars Entertainment’s revenue was down 1.7% compared to the same quarter last year. Research analysts predict that Caesars Entertainment, Inc. will post 0.06 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Stifel Nicolaus boosted their price target on Caesars Entertainment from $54.00 to $56.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. JMP Securities boosted their price target on Caesars Entertainment from $58.00 to $59.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 22nd. Raymond James assumed coverage on Caesars Entertainment in a research report on Tuesday, May 21st. They issued a “strong-buy” rating and a $55.00 price target for the company. StockNews.com cut Caesars Entertainment from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Morgan Stanley reduced their price target on Caesars Entertainment from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 4th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.14.

About Caesars Entertainment

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.