CENTRAL TRUST Co Sells 3,102 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

CENTRAL TRUST Co reduced its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 64.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,701 shares of the company’s stock after selling 3,102 shares during the quarter. CENTRAL TRUST Co’s holdings in Caesars Entertainment were worth $71,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Caesars Entertainment by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 23,635,788 shares of the company’s stock valued at $1,033,829,000 after acquiring an additional 75,898 shares in the last quarter. Capital Research Global Investors grew its stake in 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 purchasing an additional 3,289,748 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of 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 purchasing an additional 233,250 shares during the last quarter. EdgePoint Investment Group Inc. increased its position in shares of Caesars Entertainment by 1.0% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 5,859,251 shares of the company’s stock worth $232,847,000 after purchasing an additional 60,184 shares during the last quarter. Finally, Nut Tree Capital Management LP raised its stake in shares of Caesars Entertainment by 340.0% during the 1st quarter. Nut Tree Capital Management LP now owns 2,200,000 shares of the company’s stock worth $96,228,000 after purchasing an additional 1,700,000 shares in the last quarter. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Caesars Entertainment Price Performance

CZR stock opened at $44.18 on Monday. The company’s 50-day moving average price is $40.54 and its two-hundred day moving average price is $38.09. The firm has a market cap of $9.56 billion, a P/E ratio of 12.52 and a beta of 2.97. The company has a quick ratio of 0.68, a current ratio of 0.70 and a debt-to-equity ratio of 5.56. Caesars Entertainment, Inc. has a 12 month low of $31.74 and a 12 month high of $50.51.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CZR. Stifel Nicolaus increased their price target on shares of Caesars Entertainment from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Wells Fargo & Company raised their target price on shares of Caesars Entertainment from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Jefferies Financial Group lowered their price target on Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. StockNews.com cut Caesars Entertainment from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Barclays boosted their target price on Caesars Entertainment from $56.00 to $59.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $54.54.

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.