B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 71,824 shares of the company's stock, valued at approximately $2,998,000.
A number of other institutional investors and hedge funds have also made changes to their positions in CZR. Vanguard Group Inc. grew its stake in shares of Caesars Entertainment by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 23,635,788 shares of the company's stock worth $1,033,829,000 after buying an additional 75,898 shares during the last quarter. UniSuper Management Pty Ltd increased its holdings in shares of Caesars Entertainment by 699.9% during the first quarter. UniSuper Management Pty Ltd now owns 24,029 shares of the company's stock valued at $1,051,000 after acquiring an additional 21,025 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of Caesars Entertainment by 4.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 66,907 shares of the company's stock worth $2,928,000 after purchasing an additional 2,596 shares during the last quarter. Pitcairn Co. boosted its stake in Caesars Entertainment by 95.1% in the 1st quarter. Pitcairn Co. now owns 14,875 shares of the company's stock worth $651,000 after purchasing an additional 7,251 shares in the last quarter. Finally, MQS Management LLC grew its position in Caesars Entertainment by 35.7% during the 1st quarter. MQS Management LLC now owns 7,250 shares of the company's stock valued at $317,000 after purchasing an additional 1,907 shares during the last quarter. Institutional investors own 91.79% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Caesars Entertainment from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 22nd. JMP Securities reaffirmed a "market outperform" rating and issued a $59.00 price objective on shares of Caesars Entertainment in a research report on Monday, October 14th. Barclays cut their target price on Caesars Entertainment from $59.00 to $57.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 30th. Stifel Nicolaus boosted their price target on Caesars Entertainment from $56.00 to $58.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Finally, Macquarie reaffirmed an "outperform" rating and set a $50.00 price objective on shares of Caesars Entertainment in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $54.00.
Get Our Latest Stock Report on Caesars Entertainment
Caesars Entertainment Stock Up 0.6 %
CZR opened at $37.59 on Thursday. Caesars Entertainment, Inc. has a 1-year low of $31.74 and a 1-year high of $50.51. The firm's 50 day simple moving average is $41.63 and its two-hundred day simple moving average is $38.32. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84.
Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its 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). Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The company had revenue of $2.87 billion for the quarter, compared to analysts' expectations of $2.93 billion. During the same quarter last year, the firm posted $0.34 earnings per share. Caesars Entertainment's revenue for the quarter was down 4.0% on a year-over-year basis. As a group, equities research analysts expect that Caesars Entertainment, Inc. will post -0.54 EPS for the current year.
Caesars Entertainment Company Profile
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Free Report)
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.
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