Amalgamated Bank Sells 27,412 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Amalgamated Bank cut its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 39.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,423 shares of the company's stock after selling 27,412 shares during the period. Amalgamated Bank's holdings in Caesars Entertainment were worth $1,771,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in shares of Caesars Entertainment by 525.3% during the second quarter. Blue Trust Inc. now owns 594 shares of the company's stock valued at $26,000 after acquiring an additional 499 shares during the period. UMB Bank n.a. purchased a new stake in shares of Caesars Entertainment in the third quarter valued at $51,000. GAMMA Investing LLC grew its holdings in shares of Caesars Entertainment by 63.1% during the second quarter. GAMMA Investing LLC now owns 1,607 shares of the company's stock valued at $64,000 after buying an additional 622 shares in the last quarter. Signaturefd LLC raised its position in Caesars Entertainment by 77.0% during the second quarter. Signaturefd LLC now owns 2,540 shares of the company's stock valued at $101,000 after buying an additional 1,105 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in Caesars Entertainment in the 2nd quarter worth about $147,000. 91.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CZR has been the subject of a number of research analyst reports. Stifel Nicolaus increased their price target on shares of Caesars Entertainment from $56.00 to $58.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Barclays decreased their target price on shares of Caesars Entertainment from $59.00 to $57.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th. Macquarie reaffirmed an "outperform" rating and issued a $50.00 price target on shares of Caesars Entertainment in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price objective on Caesars Entertainment from $54.00 to $58.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company dropped their target price on Caesars Entertainment from $58.00 to $53.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $54.00.

Caesars Entertainment Stock Performance

Shares of NASDAQ CZR traded down $0.13 during trading hours on Wednesday, hitting $39.30. 3,352,756 shares of the company's stock were exchanged, compared to its average volume of 4,157,993. The stock has a market capitalization of $8.35 billion, a price-to-earnings ratio of -23.53 and a beta of 2.96. The company's 50-day moving average price is $41.53 and its 200-day moving average price is $38.27. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. 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 earnings results on Tuesday, October 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.25). Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same period last year, the firm posted $0.34 EPS. The company's revenue was down 4.0% compared to the same quarter last year. On average, sell-side analysts expect that Caesars Entertainment, Inc. will post -0.54 earnings per share for the current fiscal 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.