Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC lifted its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 24.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,654 shares of the company’s stock after buying an additional 12,642 shares during the period. ProShare Advisors LLC’s holdings in Caesars Entertainment were worth $2,569,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CZR. Blue Trust Inc. increased its stake in 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 buying an additional 499 shares during the period. Mather Group LLC. acquired a new position in shares of Caesars Entertainment during the first quarter worth about $53,000. TFO Wealth Partners LLC lifted its position in Caesars Entertainment by 22,920.0% in the fourth 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 during the period. GAMMA Investing LLC boosted its holdings in Caesars Entertainment by 63.1% in 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 in the last quarter. Finally, C M Bidwell & Associates Ltd. acquired a new position in Caesars Entertainment during the 4th quarter worth approximately $93,000. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Trading Up 1.4 %

Shares of CZR stock opened at $41.67 on Friday. The company has a market capitalization of $9.02 billion, a price-to-earnings 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 firm has a 50-day moving average price of $37.30 and a 200 day moving average price of $37.88. Caesars Entertainment, Inc. has a twelve month low of $31.74 and a twelve month high of $50.51.

Caesars Entertainment (NASDAQ:CZR) last announced 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 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 analysts’ expectations of $2.87 billion. During the same period in the previous year, the company posted $0.82 EPS. The business’s quarterly revenue was down 1.7% on a year-over-year basis. Research analysts forecast that Caesars Entertainment, Inc. will post -0.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

CZR has been the subject of several recent analyst reports. Wells Fargo & Company raised their price target on Caesars Entertainment from $53.00 to $56.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Jefferies Financial Group lowered 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. JMP Securities raised their price objective on shares of Caesars Entertainment from $58.00 to $59.00 and gave the company a “market outperform” rating in a research note on Thursday, August 22nd. Susquehanna restated a “negative” rating and set a $33.00 target price on shares of Caesars Entertainment in a research report on Wednesday, July 31st. Finally, Morgan Stanley reduced 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. Two analysts have rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.