Bank of Montreal Can Has $9.89 Million Stock Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Bank of Montreal Can lessened its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 76.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 237,283 shares of the company's stock after selling 780,201 shares during the period. Bank of Montreal Can owned about 0.11% of Caesars Entertainment worth $9,888,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. boosted its position in 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 purchasing an additional 499 shares during the last quarter. Huntington National Bank lifted its position in shares of Caesars Entertainment by 3,203.8% in the third quarter. Huntington National Bank now owns 859 shares of the company's stock worth $36,000 after buying an additional 833 shares during the last quarter. UMB Bank n.a. acquired a new stake in shares of Caesars Entertainment in the third quarter worth about $51,000. GAMMA Investing LLC lifted its position in shares of Caesars Entertainment by 63.1% in the second quarter. GAMMA Investing LLC now owns 1,607 shares of the company's stock worth $64,000 after buying an additional 622 shares during the last quarter. Finally, Signaturefd LLC lifted its position in shares of Caesars Entertainment by 77.0% in the second quarter. Signaturefd LLC now owns 2,540 shares of the company's stock worth $101,000 after buying an additional 1,105 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company's stock.

Caesars Entertainment Trading Up 2.1 %

Shares of Caesars Entertainment stock traded up $0.79 on Monday, hitting $39.28. 873,809 shares of the company's stock traded hands, compared to its average volume of 4,091,192. 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 one year low of $31.74 and a one year high of $50.51. The firm's 50-day moving average price is $41.43 and its two-hundred day moving average price is $38.43. The stock has a market capitalization of $8.35 billion, a PE ratio of -23.39 and a beta of 2.96.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.25). The firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.93 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. Caesars Entertainment's quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 EPS. On average, research analysts expect that Caesars Entertainment, Inc. will post -0.56 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on CZR. Macquarie reiterated an "outperform" rating and issued a $50.00 price objective on shares of Caesars Entertainment in a research note on Wednesday, October 30th. Barclays dropped their price objective 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 lifted their price objective on Caesars Entertainment from $56.00 to $58.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Morgan Stanley lifted their price objective on Caesars Entertainment from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. boosted their price target on Caesars Entertainment from $54.00 to $58.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $53.86.

Caesars Entertainment 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.