78,786 Shares in Caesars Entertainment, Inc. $CZR Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd bought a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 78,786 shares of the company’s stock, valued at approximately $1,843,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CZR. Capital World Investors raised its holdings in Caesars Entertainment by 29.8% during the third quarter. Capital World Investors now owns 16,193,070 shares of the company’s stock worth $437,622,000 after purchasing an additional 3,716,148 shares in the last quarter. Norges Bank bought a new stake in Caesars Entertainment during the fourth quarter worth approximately $76,050,000. MUFG Securities EMEA plc bought a new stake in Caesars Entertainment during the fourth quarter worth approximately $65,492,000. Assenagon Asset Management S.A. raised its holdings in Caesars Entertainment by 317.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 3,274,430 shares of the company’s stock worth $76,589,000 after purchasing an additional 2,490,924 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Caesars Entertainment by 35,370.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,464,518 shares of the company’s stock worth $57,645,000 after purchasing an additional 2,457,570 shares in the last quarter. Institutional investors own 91.79% of the company’s stock.

Insider Activity

In other Caesars Entertainment news, Director Michael E. Pegram sold 55,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $29.20, for a total value of $1,606,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.18% of the company’s stock.

Caesars Entertainment Price Performance

NASDAQ CZR opened at $29.20 on Monday. The stock has a market capitalization of $5.95 billion, a P/E ratio of -12.32 and a beta of 1.77. Caesars Entertainment, Inc. has a 1 year low of $17.86 and a 1 year high of $31.58. The business’s fifty day moving average is $27.56 and its two-hundred day moving average is $24.88. The company has a debt-to-equity ratio of 3.25, a quick ratio of 0.83 and a current ratio of 0.85.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings results on Tuesday, April 28th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.24). The company had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.85 billion. Caesars Entertainment had a negative net margin of 4.19% and a negative return on equity of 7.88%. Caesars Entertainment’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.54) EPS. On average, research analysts forecast that Caesars Entertainment, Inc. will post -0.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on CZR. Weiss Ratings reissued a “sell (d-)” rating on shares of Caesars Entertainment in a report on Monday, May 18th. Raymond James Financial cut Caesars Entertainment from a “strong-buy” rating to a “market perform” rating in a report on Friday, May 29th. Texas Capital cut Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Stifel Nicolaus dropped their target price on Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Finally, Zacks Research raised Caesars Entertainment from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. Four equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Caesars Entertainment presently has a consensus rating of “Hold” and an average target price of $32.80.

Caesars Entertainment Company Profile

Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah’s by William F.