Legal & General Group Plc Sells 29,816 Shares of Caesars Entertainment, Inc. $CZR

Legal & General Group Plc lessened its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 5.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 496,585 shares of the company’s stock after selling 29,816 shares during the period. Legal & General Group Plc owned 0.24% of Caesars Entertainment worth $11,615,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Capital World Investors raised its stake in 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 acquiring an additional 3,716,148 shares during the period. State Street Corp raised its stake in Caesars Entertainment by 0.8% in the 2nd quarter. State Street Corp now owns 7,569,822 shares of the company’s stock valued at $214,907,000 after acquiring an additional 61,065 shares during the period. DAVENPORT & Co LLC raised its stake in Caesars Entertainment by 0.4% in the 4th quarter. DAVENPORT & Co LLC now owns 4,339,172 shares of the company’s stock valued at $101,797,000 after acquiring an additional 18,414 shares during the period. Assenagon Asset Management S.A. raised its stake in 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 acquiring an additional 2,490,924 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in 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 acquiring an additional 2,457,570 shares during the period. Institutional investors own 91.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Wall Street Zen upgraded Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $31.00 price target (down from $35.00) on shares of Caesars Entertainment in a research note on Monday. Morgan Stanley upped their price objective on Caesars Entertainment from $32.00 to $34.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. Stifel Nicolaus decreased their price objective on Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Finally, Susquehanna raised Caesars Entertainment from a “positive” rating to a “positive” rating in a report on Friday, May 29th. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Caesars Entertainment currently has an average rating of “Hold” and a consensus target price of $32.80.

Insider Activity

In other news, Director Michael E. Pegram sold 55,000 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $29.20, for a total transaction of $1,606,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.18% of the company’s stock.

Caesars Entertainment Stock Performance

Shares of NASDAQ CZR opened at $29.18 on Thursday. The company has a debt-to-equity ratio of 3.25, a current ratio of 0.85 and a quick ratio of 0.83. The stock’s fifty day moving average price is $27.45 and its two-hundred day moving average price is $24.75. Caesars Entertainment, Inc. has a one year low of $17.86 and a one year high of $31.58. The firm has a market cap of $5.94 billion, a price-to-earnings ratio of -12.31 and a beta of 1.77.

Caesars Entertainment (NASDAQ:CZR) last issued 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 firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same period in the prior year, the company earned ($0.54) earnings per share. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities analysts forecast that Caesars Entertainment, Inc. will post -0.49 EPS for the current year.

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.