nVerses Capital LLC Buys Shares of 12,500 Caesars Entertainment, Inc. (NASDAQ:CZR)

nVerses Capital LLC purchased a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,500 shares of the company's stock, valued at approximately $522,000.

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Caesars Entertainment by 0.3% during the first quarter. Vanguard Group Inc. now owns 23,635,788 shares of the company's stock worth $1,033,829,000 after acquiring an additional 75,898 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Caesars Entertainment by 26.9% in the first quarter. Capital Research Global Investors now owns 15,505,033 shares of the company's stock worth $678,190,000 after buying an additional 3,289,748 shares during the period. Janus Henderson Group PLC increased its stake in shares of Caesars Entertainment by 2.5% in the first quarter. Janus Henderson Group PLC now owns 9,616,712 shares of the company's stock worth $420,633,000 after buying an additional 233,250 shares during the period. EdgePoint Investment Group Inc. increased its stake in shares of Caesars Entertainment by 1.0% in the second quarter. EdgePoint Investment Group Inc. now owns 5,859,251 shares of the company's stock worth $232,847,000 after buying an additional 60,184 shares during the period. Finally, Nut Tree Capital Management LP increased its stake in shares of Caesars Entertainment by 340.0% in the first quarter. Nut Tree Capital Management LP now owns 2,200,000 shares of the company's stock worth $96,228,000 after buying an additional 1,700,000 shares during the period. 91.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Susquehanna reaffirmed a "negative" rating and issued a $33.00 target price on shares of Caesars Entertainment in a research note on Wednesday, July 31st. Wells Fargo & Company lifted their target price on shares of Caesars Entertainment from $56.00 to $58.00 and gave the stock an "overweight" rating in a research note on Thursday. Jefferies Financial Group decreased their target price on shares of Caesars Entertainment from $62.00 to $60.00 and set a "buy" rating on the stock in a research note on Wednesday, July 31st. StockNews.com downgraded shares of Caesars Entertainment from a "hold" rating to a "sell" rating in a research note on Thursday, August 1st. Finally, Stifel Nicolaus boosted their price objective on shares of Caesars Entertainment from $56.00 to $58.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $54.38.

Caesars Entertainment Stock Down 0.8 %

Caesars Entertainment stock traded down $0.37 during mid-day trading on Friday, reaching $45.18. The stock had a trading volume of 1,516,615 shares, compared to its average volume of 4,175,047. The company has a market capitalization of $9.78 billion, a price-to-earnings ratio of 12.80 and a beta of 2.97. The company has a 50-day moving average price of $39.58 and a two-hundred day moving average price of $38.10. Caesars Entertainment, Inc. has a one year low of $31.74 and a one year high of $50.51. The company has a debt-to-equity ratio of 5.56, a current ratio of 0.70 and a quick ratio of 0.68.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.68). The firm had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.87 billion. Caesars Entertainment had a negative return on equity of 2.57% and a negative net margin of 2.44%. The business's revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.82 EPS. On average, analysts expect that Caesars Entertainment, Inc. will post -0.16 EPS 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.