Jefferies Financial Group Inc. Takes Position in Caesars Entertainment, Inc. $CZR

Jefferies Financial Group Inc. bought a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR) during the second quarter, HoldingsChannel.com reports. The fund bought 36,781 shares of the company’s stock, valued at approximately $1,110,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP bought a new stake in Caesars Entertainment in the second quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Caesars Entertainment by 456.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,119 shares of the company’s stock valued at $26,000 after purchasing an additional 918 shares during the last quarter. Sunbelt Securities Inc. raised 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 valued at $28,000 after acquiring an additional 672 shares during the period. Hantz Financial Services Inc. grew its holdings in Caesars Entertainment by 87.1% in the 4th quarter. Hantz Financial Services Inc. now owns 1,817 shares of the company’s stock valued at $42,000 after buying an additional 846 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Caesars Entertainment by 59.5% in the first quarter. EverSource Wealth Advisors LLC now owns 1,882 shares of the company’s stock valued at $50,000 after acquiring an additional 702 shares in the last quarter. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Stock Performance

Shares of Caesars Entertainment stock opened at $29.73 on Monday. The company has a market cap of $6.06 billion, a PE ratio of -13.04 and a beta of 1.77. Caesars Entertainment, Inc. has a 52 week low of $17.86 and a 52 week high of $30.88. The business has a 50 day moving average price of $29.87 and a 200-day moving average price of $27.73. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 3.70.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CZR shares. TD Cowen downgraded Caesars Entertainment from a “buy” rating to a “hold” rating and set a $31.00 target price on the stock. in a report on Wednesday, July 29th. Susquehanna raised Caesars Entertainment from a “positive” rating to a “positive” rating in a research note on Friday, May 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $31.00 price objective (down from $35.00) on shares of Caesars Entertainment in a research report on Monday, June 1st. Stifel Nicolaus downgraded shares of Caesars Entertainment from a “buy” rating to a “hold” rating and set a $31.00 price target for the company. in a research report on Monday, June 15th. Finally, Capital One Financial lowered shares of Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Two investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Caesars Entertainment currently has a consensus rating of “Hold” and an average price target of $30.71.

Insider Transactions at Caesars Entertainment

In other news, Director Michael E. Pegram sold 16,897 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $29.46, for a total value of $497,785.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Blackhurst Janis L. Jones sold 33,899 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $29.63, for a total transaction of $1,004,427.37. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 595,003 shares of company stock worth $17,547,145. 1.18% of the stock is owned by insiders.

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.