Jefferies Financial Group Inc. Has $15.11 Million Stake in Caesars Entertainment, Inc. $CZR

Jefferies Financial Group Inc. boosted its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 1,656.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 646,084 shares of the company’s stock after acquiring an additional 609,303 shares during the period. Jefferies Financial Group Inc.’s holdings in Caesars Entertainment were worth $15,112,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CZR. Capital World Investors raised its position in shares of Caesars Entertainment by 29.8% in the 3rd quarter. Capital World Investors now owns 16,193,070 shares of the company’s stock valued at $437,622,000 after buying an additional 3,716,148 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Caesars Entertainment by 317.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,274,430 shares of the company’s stock valued at $76,589,000 after buying an additional 2,490,924 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Caesars Entertainment by 35,370.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,464,518 shares of the company’s stock valued at $57,645,000 after buying an additional 2,457,570 shares in the last quarter. Ossiam raised its position in shares of Caesars Entertainment by 7,760.9% in the 3rd quarter. Ossiam now owns 1,883,007 shares of the company’s stock valued at $50,888,000 after buying an additional 1,859,053 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its position in shares of Caesars Entertainment by 315.1% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,946,099 shares of the company’s stock valued at $52,593,000 after buying an additional 1,477,284 shares in the last quarter. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on CZR. Zacks Research upgraded shares of Caesars Entertainment from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Jefferies Financial Group boosted their target price on shares of Caesars Entertainment from $24.00 to $26.00 and gave the company a “hold” rating in a research report on Monday, April 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Caesars Entertainment in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Finally, Citizens Jmp boosted their target price on shares of Caesars Entertainment from $34.00 to $35.00 and gave the company a “market outperform” rating in a research report on Wednesday, April 29th. Nine research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $33.27.

Caesars Entertainment Stock Performance

Shares of Caesars Entertainment stock opened at $28.47 on Monday. The firm has a market capitalization of $5.80 billion, a PE ratio of -12.01 and a beta of 1.77. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 3.25. The firm’s 50 day moving average is $27.21 and its 200 day moving average is $24.24. Caesars Entertainment, Inc. has a 1 year low of $17.86 and a 1 year high of $31.58.

Caesars Entertainment (NASDAQ:CZR) last announced 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 for 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%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.54) earnings per share. Equities research analysts forecast that Caesars Entertainment, Inc. will post -0.36 earnings per share for the current fiscal 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.