ARGA Investment Management LP Invests $1.67 Million in Caesars Entertainment, Inc. (NASDAQ:CZR)

ARGA Investment Management LP purchased a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 39,946 shares of the company's stock, valued at approximately $1,667,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Comerica Bank boosted its holdings in Caesars Entertainment by 345.0% during the first quarter. Comerica Bank now owns 107,355 shares of the company's stock worth $4,696,000 after buying an additional 83,231 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Caesars Entertainment by 26.3% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 27,420 shares of the company's stock worth $1,173,000 after acquiring an additional 5,715 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Caesars Entertainment by 63.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,607 shares of the company's stock valued at $64,000 after acquiring an additional 622 shares during the period. DNB Asset Management AS increased its stake in shares of Caesars Entertainment by 12.5% in the 2nd quarter. DNB Asset Management AS now owns 33,877 shares of the company's stock valued at $1,346,000 after purchasing an additional 3,753 shares in the last quarter. Finally, Mather Group LLC. increased its position in shares of Caesars Entertainment by 1,556.4% in the second quarter. Mather Group LLC. now owns 18,784 shares of the company's stock valued at $822,000 after buying an additional 17,650 shares in the last quarter. Institutional investors and hedge funds own 91.79% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on CZR. StockNews.com raised shares of Caesars Entertainment from a "sell" rating to a "hold" rating in a research note on Thursday, October 31st. JMP Securities dropped their target price on shares of Caesars Entertainment from $59.00 to $57.00 and set a "market outperform" rating on the stock in a research report on Monday, November 25th. Macquarie restated an "outperform" rating and set a $50.00 price target on shares of Caesars Entertainment in a research report on Wednesday, October 30th. Morgan Stanley raised their price target on shares of Caesars Entertainment from $40.00 to $42.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 22nd. Finally, Barclays cut their price objective on Caesars Entertainment from $59.00 to $57.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $53.86.

Caesars Entertainment Trading Up 0.6 %

Shares of CZR traded up $0.24 during mid-day trading on Friday, reaching $38.49. The stock had a trading volume of 1,510,504 shares, compared to its average volume of 3,241,654. Caesars Entertainment, Inc. has a 52-week low of $31.74 and a 52-week high of $50.51. The firm has a market cap of $8.18 billion, a price-to-earnings ratio of -23.05 and a beta of 2.96. The business's fifty day moving average is $41.43 and its 200 day moving average is $38.41. 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 (NASDAQ:CZR - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.25). The firm had revenue of $2.87 billion during the quarter, compared to analysts' expectations of $2.93 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The business's quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the company earned $0.34 EPS. On average, sell-side analysts predict that Caesars Entertainment, Inc. will post -0.56 EPS for the current fiscal year.

Caesars Entertainment Company Profile

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.