Caesars Entertainment (NASDAQ:CZR) Director Michael Pegram Sells 29,173 Shares

Caesars Entertainment, Inc. (NASDAQ:CZR) Director Michael Pegram sold 29,173 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $29.28, for a total transaction of $854,185.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Caesars Entertainment Trading Up 0.1%

Shares of NASDAQ CZR traded up $0.02 on Wednesday, reaching $29.47. 5,396,275 shares of the company traded hands, compared to its average volume of 6,563,017. Caesars Entertainment, Inc. has a fifty-two week low of $17.86 and a fifty-two week high of $31.58. The company has a 50 day moving average of $27.68 and a 200 day moving average of $25.01. 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 stock has a market capitalization of $6.00 billion, a PE ratio of -12.43 and a beta of 1.77.

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

Wall Street Analysts Forecast Growth

CZR has been the subject of a number of research reports. Jefferies Financial Group boosted their target price on Caesars Entertainment from $24.00 to $26.00 and gave the stock a “hold” rating in a report on Monday, April 6th. Wall Street Zen upgraded Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Susquehanna upgraded Caesars Entertainment from a “positive” rating to a “positive” 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. Finally, Truist Financial cut Caesars Entertainment from a “buy” rating to a “hold” rating and decreased their target price for the stock from $32.00 to $31.00 in a report on Friday, May 29th. Five research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $32.80.

Hedge Funds Weigh In On Caesars Entertainment

A number of institutional investors and hedge funds have recently bought and sold shares of CZR. Hantz Financial Services Inc. boosted its holdings in Caesars Entertainment by 110.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock worth $26,000 after acquiring an additional 510 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in Caesars Entertainment by 456.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,119 shares of the company’s stock worth $26,000 after buying an additional 918 shares in the last quarter. Sunbelt Securities Inc. lifted its holdings in Caesars Entertainment by 181.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock worth $28,000 after buying an additional 672 shares in the last quarter. CoreCap Advisors LLC boosted its position in Caesars Entertainment by 44.6% in the 4th quarter. CoreCap Advisors LLC now owns 1,581 shares of the company’s stock valued at $37,000 after buying an additional 488 shares during the last quarter. Finally, Stance Capital LLC acquired a new stake in shares of Caesars Entertainment during the third quarter valued at about $43,000. Hedge funds and other institutional investors own 91.79% of the company’s stock.

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.