56,005 Caesars Entertainment, Inc. $CZR Shares Acquired by New York Life Investment Management LLC

New York Life Investment Management LLC boosted its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 21.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 319,962 shares of the company’s stock after acquiring an additional 56,005 shares during the period. New York Life Investment Management LLC owned approximately 0.16% of Caesars Entertainment worth $9,487,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Caesars Entertainment in the second quarter worth about $830,001,000. Pentwater Capital Management LP acquired a new stake in shares of Caesars Entertainment during the second quarter worth about $346,014,000. Janus Henderson Group PLC lifted its holdings in shares of Caesars Entertainment by 5.8% during the 1st quarter. Janus Henderson Group PLC now owns 6,529,700 shares of the company’s stock valued at $172,582,000 after purchasing an additional 355,760 shares in the last quarter. Bank of America Corp DE bought a new position in shares of Caesars Entertainment during the 2nd quarter valued at about $96,169,000. Finally, Bamco Inc. NY bought a new position in shares of Caesars Entertainment during the 2nd quarter valued at about $49,624,000. 91.79% of the stock is owned by institutional investors and hedge funds.

Caesars Entertainment Stock Performance

CZR opened at $29.28 on Thursday. The business’s 50-day moving average price is $29.39 and its two-hundred day moving average price is $27.83. Caesars Entertainment, Inc. has a 1 year low of $17.86 and a 1 year high of $30.88. The company has a market capitalization of $5.97 billion, a price-to-earnings ratio of -11.18 and a beta of 1.90. The company has a debt-to-equity ratio of 7.15, a current ratio of 0.82 and a quick ratio of 0.80.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings results on Tuesday, October 27th. The company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.49). The firm had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.96 billion. Caesars Entertainment had a negative net margin of 4.55% and a negative return on equity of 9.83%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.27) earnings per share. Equities analysts expect that Caesars Entertainment, Inc. will post -1.28 EPS for the current fiscal year.

Insider Transactions at Caesars Entertainment

In other Caesars Entertainment news, Director David P. Tomick sold 7,142 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $29.71, for a total transaction of $212,188.82. Following the completion of the transaction, the director owned 17,769 shares of the company’s stock, valued at $527,916.99. This represents a 28.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Bret Yunker sold 208,134 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $29.62, for a total value of $6,164,929.08. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 322,682 shares of company stock worth $9,565,403 in the last 90 days. 1.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. TD Cowen cut Caesars Entertainment from a “buy” rating to a “hold” rating and set a $31.00 target price for the company. in a research note on Wednesday, July 29th. Weiss Ratings upgraded shares of Caesars Entertainment from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, October 28th. Capital One Financial lowered shares of Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Susquehanna reiterated a “neutral” rating on shares of Caesars Entertainment in a report on Monday, October 26th. Finally, Zacks Research cut shares of Caesars Entertainment from a “hold” rating to a “strong sell” rating in a report on Monday, November 2nd. One investment analyst has rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Caesars Entertainment has an average rating of “Reduce” and a consensus target price of $30.54.

Caesars Entertainment Profile

Caesars Entertainment, Inc. is a gaming and hospitality company that operates casinos, hotels and resorts across the United States. Its properties offer casino gaming, hotel accommodations, restaurants, live entertainment and other leisure amenities. The company also provides online sports betting and iGaming through brands including Caesars Sportsbook and Caesars Palace Online Casino, subject to the regulations in the markets where they operate. The present-day company was formed in 2020, when Eldorado Resorts acquired Caesars Entertainment and adopted the Caesars name.