Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Sold by Swiss National Bank

Swiss National Bank reduced its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 33.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 423,300 shares of the company’s stock after selling 214,200 shares during the quarter. Swiss National Bank owned about 0.20% of Caesars Entertainment worth $17,669,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CZR. CIBC Asset Management Inc grew its holdings in Caesars Entertainment by 8.1% in the 3rd quarter. CIBC Asset Management Inc now owns 30,217 shares of the company’s stock valued at $1,261,000 after buying an additional 2,263 shares in the last quarter. Huntington National Bank grew its holdings in shares of Caesars Entertainment by 3,203.8% in the third quarter. Huntington National Bank now owns 859 shares of the company’s stock valued at $36,000 after purchasing an additional 833 shares during the period. Oppenheimer Asset Management Inc. increased its position in Caesars Entertainment by 16.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 18,147 shares of the company’s stock worth $757,000 after purchasing an additional 2,595 shares during the last quarter. WealthPlan Investment Management LLC acquired a new stake in Caesars Entertainment during the third quarter worth about $270,000. Finally, GSA Capital Partners LLP boosted its holdings in Caesars Entertainment by 29.4% in the 3rd quarter. GSA Capital Partners LLP now owns 22,570 shares of the company’s stock valued at $942,000 after purchasing an additional 5,132 shares during 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 $37.73 on Friday. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. The company has a market cap of $8.02 billion, a price-to-earnings ratio of -22.60 and a beta of 2.96. The stock’s 50-day moving average is $41.65 and its two-hundred day moving average is $38.31. Caesars Entertainment, Inc. has a 1-year low of $31.74 and a 1-year high of $50.51.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Tuesday, October 29th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.25). Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same period last year, the business earned $0.34 EPS. The firm’s revenue was down 4.0% compared to the same quarter last year. Analysts forecast that Caesars Entertainment, Inc. will post -0.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CZR shares. Stifel Nicolaus raised their price target on shares of Caesars Entertainment from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. JMP Securities reissued a “market outperform” rating and set a $59.00 target price on shares of Caesars Entertainment in a research note on Monday, October 14th. Barclays decreased their price target on Caesars Entertainment from $59.00 to $57.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Wells Fargo & Company cut their price objective on Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $50.00 target price on shares of Caesars Entertainment in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $54.00.

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.