AdvisorShares Investments LLC Takes $489,000 Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

AdvisorShares Investments LLC acquired a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZRFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,436 shares of the company’s stock, valued at approximately $489,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Amalgamated Bank raised its position in shares of Caesars Entertainment by 8.0% in the 3rd quarter. Amalgamated Bank now owns 59,066 shares of the company’s stock worth $2,738,000 after acquiring an additional 4,377 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in Caesars Entertainment in the third quarter valued at approximately $311,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Caesars Entertainment by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,052,738 shares of the company’s stock worth $95,144,000 after buying an additional 77,595 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Caesars Entertainment by 4.6% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 15,618 shares of the company’s stock worth $724,000 after acquiring an additional 684 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Caesars Entertainment in the third quarter worth $32,000. 91.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on CZR shares. Wells Fargo & Company decreased their target price on Caesars Entertainment from $67.00 to $54.00 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. Truist Financial decreased their price target on shares of Caesars Entertainment from $58.00 to $52.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Stifel Nicolaus lowered their price objective on shares of Caesars Entertainment from $67.00 to $54.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. JMP Securities decreased their target price on shares of Caesars Entertainment from $62.00 to $60.00 and set a “market outperform” rating for the company in a research report on Thursday, May 2nd. Finally, Raymond James started coverage on shares of Caesars Entertainment in a report on Tuesday, May 21st. They issued a “strong-buy” rating and a $55.00 target price on the stock. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Caesars Entertainment currently has a consensus rating of “Moderate Buy” and an average price target of $55.07.

Get Our Latest Research Report on Caesars Entertainment

Insider Transactions at Caesars Entertainment

In other Caesars Entertainment news, Director Michael E. Pegram acquired 40,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was bought at an average cost of $36.39 per share, with a total value of $1,455,600.00. Following the acquisition, the director now owns 181,697 shares in the company, valued at $6,611,953.83. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Michael E. Pegram acquired 40,000 shares of Caesars Entertainment stock in a transaction that occurred on Friday, May 3rd. The stock was bought at an average price of $36.39 per share, with a total value of $1,455,600.00. Following the completion of the purchase, the director now owns 181,697 shares in the company, valued at $6,611,953.83. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank J. Fahrenkopf, Jr. sold 10,000 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $32.52, for a total value of $325,200.00. Following the transaction, the director now directly owns 350 shares of the company’s stock, valued at approximately $11,382. The disclosure for this sale can be found here. Corporate insiders own 0.64% of the company’s stock.

Caesars Entertainment Stock Performance

CZR traded down $0.61 during midday trading on Friday, reaching $36.06. The company had a trading volume of 3,106,366 shares, compared to its average volume of 3,784,570. Caesars Entertainment, Inc. has a 12-month low of $31.74 and a 12-month high of $60.27. The business has a 50-day moving average price of $37.56 and a two-hundred day moving average price of $41.89. The stock has a market cap of $7.80 billion, a PE ratio of 10.12 and a beta of 2.89. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.67 and a current ratio of 0.69.

Caesars Entertainment (NASDAQ:CZRGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The company reported ($0.55) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.52). Caesars Entertainment had a net margin of 6.68% and a return on equity of 1.27%. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.82 billion. On average, sell-side analysts expect that Caesars Entertainment, Inc. will post 0.23 earnings per share for the current fiscal year.

Caesars Entertainment Company Profile

(Free Report)

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.

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Institutional Ownership by Quarter for Caesars Entertainment (NASDAQ:CZR)

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