Inceptionr LLC Acquires New Shares in Caesars Entertainment, Inc. $CZR

Inceptionr LLC purchased a new stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 25,368 shares of the company’s stock, valued at approximately $686,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hantz Financial Services Inc. boosted its holdings in shares of Caesars Entertainment by 110.6% in the third quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock worth $26,000 after buying an additional 510 shares during the last quarter. Mather Group LLC. purchased a new stake in Caesars Entertainment in the 3rd quarter worth $28,000. Salomon & Ludwin LLC bought a new stake in Caesars Entertainment during the 3rd quarter valued at approximately $41,000. Zions Bancorporation National Association UT raised its position in shares of Caesars Entertainment by 5,384.4% during the third quarter. Zions Bancorporation National Association UT now owns 1,755 shares of the company’s stock valued at $47,000 after buying an additional 1,723 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Caesars Entertainment in the third quarter worth about $49,000. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CZR has been the topic of several recent research reports. Stifel Nicolaus decreased their target price on shares of Caesars Entertainment from $39.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Barclays lowered their price objective on shares of Caesars Entertainment from $39.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Citizens Jmp dropped their price target on Caesars Entertainment from $37.00 to $34.00 and set a “market outperform” rating on the stock in a research report on Wednesday, February 18th. Wells Fargo & Company initiated coverage on shares of Caesars Entertainment in a research note on Tuesday, November 18th. They issued an “equal weight” rating and a $21.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $33.24.

Caesars Entertainment Price Performance

Shares of NASDAQ:CZR opened at $26.01 on Wednesday. Caesars Entertainment, Inc. has a twelve month low of $17.86 and a twelve month high of $31.58. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 3.17. The company has a market cap of $5.29 billion, a PE ratio of -10.70, a price-to-earnings-growth ratio of 61.75 and a beta of 1.94. The company’s 50 day moving average is $22.69 and its 200 day moving average is $23.27.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings data on Tuesday, February 17th. The company reported ($1.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($1.05). The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.89 billion. Caesars Entertainment had a negative return on equity of 7.97% and a negative net margin of 4.37%.The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.05 EPS. On average, sell-side analysts forecast that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

Caesars Entertainment 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.