Dimensional Fund Advisors LP Has $66.05 Million Stock Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Dimensional Fund Advisors LP lifted its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 0.2% during the second quarter, HoldingsChannel.com reports. The firm owned 1,662,269 shares of the company’s stock after purchasing an additional 3,942 shares during the period. Dimensional Fund Advisors LP’s holdings in Caesars Entertainment were worth $66,049,000 as of its most recent SEC filing.

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

Caesars Entertainment Stock Up 1.4 %

CZR opened at $41.67 on Friday. Caesars Entertainment, Inc. has a 12 month low of $31.74 and a 12 month high of $50.51. The company has a market cap of $9.02 billion, a P/E ratio of 11.80 and a beta of 2.96. 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 business’s 50-day moving average price is $37.30 and its 200-day moving average price is $37.88.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Morgan Stanley decreased their price target on Caesars Entertainment from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 4th. Susquehanna reissued a “negative” rating and issued a $33.00 price objective on shares of Caesars Entertainment in a research note on Wednesday, July 31st. Stifel Nicolaus increased their price target on Caesars Entertainment from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. JMP Securities raised their target price 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. Finally, StockNews.com lowered Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Two 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, Caesars Entertainment currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.14.

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.