Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Sold by Xponance Inc.

Xponance Inc. lowered its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 18.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,447 shares of the company’s stock after selling 6,525 shares during the quarter. Xponance Inc.’s holdings in Caesars Entertainment were worth $1,170,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Caesars Entertainment by 0.3% in the first quarter. Vanguard Group Inc. now owns 23,635,788 shares of the company’s stock valued at $1,033,829,000 after purchasing an additional 75,898 shares during the period. Capital Research Global Investors grew its stake in shares of Caesars Entertainment by 26.9% in the first quarter. Capital Research Global Investors now owns 15,505,033 shares of the company’s stock valued at $678,190,000 after buying an additional 3,289,748 shares in the last quarter. Capital World Investors raised its holdings in shares of Caesars Entertainment by 9.1% in the 4th quarter. Capital World Investors now owns 11,024,448 shares of the company’s stock valued at $516,826,000 after buying an additional 916,282 shares during the period. Janus Henderson Group PLC lifted its stake in Caesars Entertainment by 2.5% during the 1st quarter. Janus Henderson Group PLC now owns 9,616,712 shares of the company’s stock worth $420,633,000 after acquiring an additional 233,250 shares in the last quarter. Finally, EdgePoint Investment Group Inc. boosted its holdings in Caesars Entertainment by 35.4% during the 1st quarter. EdgePoint Investment Group Inc. now owns 5,799,067 shares of the company’s stock valued at $253,651,000 after acquiring an additional 1,515,763 shares during the period. Institutional investors and hedge funds own 91.79% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on CZR shares. Jefferies Financial Group cut their price target on shares of Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Susquehanna reaffirmed a “negative” rating and set a $33.00 target price on shares of Caesars Entertainment in a research note on Wednesday, July 31st. Morgan Stanley decreased their price target on shares of 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. StockNews.com lowered Caesars Entertainment from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Company lifted their target price on Caesars Entertainment from $53.00 to $56.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.14.

Caesars Entertainment Trading Up 1.4 %

Shares of Caesars Entertainment stock opened at $41.67 on Friday. The company has a fifty day simple moving average of $37.30 and a 200-day simple moving average of $37.88. Caesars Entertainment, Inc. has a 12-month low of $31.74 and a 12-month high of $50.51. The company has a current ratio of 0.70, a quick ratio of 0.68 and a debt-to-equity ratio of 5.56. The stock has a market cap of $9.02 billion, a price-to-earnings ratio of 11.80 and a beta of 2.96.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, July 30th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the previous year, the business posted $0.82 EPS. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, equities analysts forecast that Caesars Entertainment, Inc. will post -0.02 EPS for the current fiscal 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.