LMR Partners LLP Takes Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

LMR Partners LLP bought a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 21,630 shares of the company's stock, valued at approximately $903,000.

A number of other institutional investors also recently modified their holdings of the company. Blue Trust Inc. raised its stake in shares of Caesars Entertainment by 525.3% during the 2nd quarter. Blue Trust Inc. now owns 594 shares of the company's stock worth $26,000 after purchasing an additional 499 shares in the last quarter. Huntington National Bank increased its position in Caesars Entertainment by 3,203.8% in the 3rd quarter. Huntington National Bank now owns 859 shares of the company's stock valued at $36,000 after buying an additional 833 shares in the last quarter. UMB Bank n.a. purchased a new position in shares of Caesars Entertainment during the third quarter valued at approximately $51,000. GAMMA Investing LLC grew its stake in Caesars Entertainment by 63.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,607 shares of the company's stock valued at $64,000 after purchasing an additional 622 shares during the period. Finally, Signaturefd LLC boosted its position in Caesars Entertainment by 77.0% during the second quarter. Signaturefd LLC now owns 2,540 shares of the company's stock worth $101,000 after purchasing an additional 1,105 shares during the period. Institutional investors own 91.79% of the company's stock.

Wall Street Analysts Forecast Growth

CZR has been the subject of several recent research reports. Jefferies Financial Group lowered their target price on shares of Caesars Entertainment from $62.00 to $60.00 and set a "buy" rating for the company in a report on Wednesday, July 31st. Barclays cut their price objective on shares of Caesars Entertainment from $59.00 to $57.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th. Susquehanna reiterated a "negative" rating and set a $33.00 price target on shares of Caesars Entertainment in a research report on Wednesday, July 31st. JPMorgan Chase & Co. upped their target price on shares of Caesars Entertainment from $54.00 to $58.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. Finally, StockNews.com upgraded Caesars Entertainment from a "sell" rating to a "hold" rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Caesars Entertainment presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.00.

Caesars Entertainment Stock Up 0.6 %

NASDAQ:CZR traded up $0.21 during trading hours on Wednesday, reaching $37.59. 2,317,955 shares of the company traded hands, compared to its average volume of 4,146,445. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. The stock has a market capitalization of $7.99 billion, a P/E ratio of -22.51 and a beta of 2.96. The business's 50-day moving average price is $41.63 and its two-hundred day moving average price is $38.32. Caesars Entertainment, Inc. has a 1 year low of $31.74 and a 1 year high of $50.51.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.25). Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The firm had revenue of $2.87 billion for the quarter, compared to analysts' expectations of $2.93 billion. During the same quarter in the prior year, the business posted $0.34 EPS. The business's quarterly revenue was down 4.0% on a year-over-year basis. Analysts predict that Caesars Entertainment, Inc. will post -0.54 earnings per share for the current year.

About Caesars Entertainment

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.