Foundations Investment Advisors LLC Takes $298,000 Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Foundations Investment Advisors LLC purchased a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,139 shares of the company’s stock, valued at approximately $298,000.

Several other large investors also recently bought and sold shares of the business. Blue Trust Inc. increased its stake in shares of Caesars Entertainment by 525.3% in the 2nd quarter. Blue Trust Inc. now owns 594 shares of the company’s stock worth $26,000 after acquiring an additional 499 shares during the last quarter. UMB Bank n.a. purchased a new stake in shares of Caesars Entertainment in the third quarter valued at about $51,000. GAMMA Investing LLC increased its position in Caesars Entertainment by 63.1% during the second quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $64,000 after purchasing an additional 622 shares during the last quarter. Signaturefd LLC raised its stake in Caesars Entertainment by 77.0% during the second quarter. Signaturefd LLC now owns 2,540 shares of the company’s stock worth $101,000 after purchasing an additional 1,105 shares during the period. Finally, Central Pacific Bank Trust Division acquired a new position in Caesars Entertainment in the 1st quarter valued at about $150,000. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Analyst Ratings Changes

CZR has been the topic of several analyst reports. Barclays lifted their price target on shares of Caesars Entertainment from $56.00 to $59.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Susquehanna reaffirmed a “negative” rating and issued a $33.00 price target on shares of Caesars Entertainment in a research note on Wednesday, July 31st. StockNews.com downgraded Caesars Entertainment from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. JMP Securities reaffirmed a “market outperform” rating and issued a $59.00 target price on shares of Caesars Entertainment in a research report on Monday, October 14th. Finally, Stifel Nicolaus lifted their price target on shares of Caesars Entertainment from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, ten have assigned 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 an average rating of “Moderate Buy” and a consensus target price of $54.54.

Caesars Entertainment Stock Performance

NASDAQ:CZR opened at $44.18 on Friday. Caesars Entertainment, Inc. has a 52 week low of $31.74 and a 52 week high of $50.51. The company has a fifty day simple moving average of $40.54 and a two-hundred day simple moving average of $38.11. The company has a debt-to-equity ratio of 5.56, a quick ratio of 0.68 and a current ratio of 0.70.

Caesars Entertainment (NASDAQ:CZR) last released its earnings results on Tuesday, July 30th. The company reported ($0.56) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.68). The company had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.87 billion. Caesars Entertainment had a negative return on equity of 2.57% and a negative net margin of 2.44%. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.82 earnings per share. Sell-side analysts predict that Caesars Entertainment, Inc. will post -0.18 earnings per share for the current 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.