44,000 Shares in Caesars Entertainment, Inc. $CZR Acquired by Harvest Management LLC

Harvest Management LLC bought a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR) in the second quarter, HoldingsChannel reports. The fund bought 44,000 shares of the company’s stock, valued at approximately $1,328,000. Caesars Entertainment accounts for 0.5% of Harvest Management LLC’s portfolio, making the stock its 23rd biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Pictet Asset Management Holding SA boosted its holdings in shares of Caesars Entertainment by 1.2% in the 1st quarter. Pictet Asset Management Holding SA now owns 31,307 shares of the company’s stock valued at $827,000 after purchasing an additional 363 shares during the last quarter. Corient Private Wealth LLC raised its position in shares of Caesars Entertainment by 3.5% in the 2nd quarter. Corient Private Wealth LLC now owns 16,155 shares of the company’s stock worth $459,000 after buying an additional 549 shares during the period. Sunbelt Securities Inc. boosted its holdings in Caesars Entertainment by 181.6% in the third quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock valued at $28,000 after acquiring an additional 672 shares during the last quarter. Ancora Advisors LLC grew its position in Caesars Entertainment by 9.1% during the third quarter. Ancora Advisors LLC now owns 8,417 shares of the company’s stock valued at $227,000 after acquiring an additional 700 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in Caesars Entertainment by 59.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,882 shares of the company’s stock worth $50,000 after acquiring an additional 702 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Trading Up 0.3%

NASDAQ:CZR opened at $29.73 on Friday. The business’s 50-day moving average is $29.87 and its two-hundred day moving average is $27.68. The company has a debt-to-equity ratio of 3.70, a current ratio of 0.85 and a quick ratio of 0.83. Caesars Entertainment, Inc. has a 12 month low of $17.86 and a 12 month high of $30.88. The firm has a market capitalization of $6.06 billion, a PE ratio of -13.04 and a beta of 1.77.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Tuesday, July 28th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.35). Caesars Entertainment had a negative return on equity of 7.64% and a negative net margin of 3.99%.The company had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same period in the previous year, the company earned ($0.39) EPS. Caesars Entertainment’s quarterly revenue was up 3.0% on a year-over-year basis. Research analysts predict that Caesars Entertainment, Inc. will post -0.9 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Blackhurst Janis L. Jones sold 33,899 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $29.63, for a total value of $1,004,427.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Josh Jones sold 59,507 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $29.72, for a total transaction of $1,768,548.04. The SEC filing for this sale provides additional information. Insiders sold a total of 595,003 shares of company stock worth $17,547,145 in the last ninety days. 1.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CZR shares. Raymond James Financial downgraded Caesars Entertainment from a “strong-buy” rating to a “market perform” rating in a report on Friday, May 29th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $31.00 target price (down from $35.00) on shares of Caesars Entertainment in a report on Monday, June 1st. Wells Fargo & Company increased their target price on shares of Caesars Entertainment from $26.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 2nd. Susquehanna upgraded shares of Caesars Entertainment from a “positive” rating to a “positive” rating in a report on Friday, May 29th. Finally, Texas Capital cut shares of Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Two investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $30.71.

About Caesars Entertainment

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.