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Robeco Institutional Asset Management B.V. trimmed its stake in Caesars Entertainment, Inc. (NASDAQ:CZR – Get Rating) by 52.1% in the first quarter, Holdings Channel.com reports. The firm owned 11,066 shares of the company’s stock after selling 12,019 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Caesars Entertainment were worth $856,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ieq Capital LLC purchased a new stake in Caesars Entertainment during the first quarter valued at about $238,000. Chartwell Investment Partners LLC purchased a new stake in Caesars Entertainment during the fourth quarter valued at about $2,164,000. Adage Capital Partners GP L.L.C. grew its position in Caesars Entertainment by 2.1% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 227,800 shares of the company’s stock valued at $21,306,000 after acquiring an additional 4,600 shares during the period. Sender Co & Partners Inc. purchased a new stake in Caesars Entertainment during the fourth quarter valued at about $1,371,000. Finally, IPG Investment Advisors LLC purchased a new stake in Caesars Entertainment during the fourth quarter valued at about $1,048,000. Institutional investors and hedge funds own 94.75% of the company’s stock.
Caesars Entertainment Trading Up 6.4 %
Shares of NASDAQ CZR opened at $37.65 on Friday. The stock has a market capitalization of $8.07 billion, a P/E ratio of -6.31 and a beta of 2.82. The stock’s 50 day moving average price is $44.99 and its two-hundred day moving average price is $66.27. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 6.82. Caesars Entertainment, Inc. has a 52-week low of $35.10 and a 52-week high of $119.81.
Caesars Entertainment (NASDAQ:CZR – Get Rating) last issued its earnings results on Tuesday, May 3rd. The company reported ($2.11) EPS for the quarter, topping the consensus estimate of ($2.15) by $0.04. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.35 billion. Caesars Entertainment had a negative return on equity of 17.77% and a negative net margin of 12.66%. The business’s revenue was up 34.9% on a year-over-year basis. During the same quarter last year, the firm earned ($2.06) EPS. On average, analysts anticipate that Caesars Entertainment, Inc. will post -1.2 earnings per share for the current fiscal year.
Insider Transactions at Caesars Entertainment
In related news, Director Don R. Kornstein acquired 2,500 shares of Caesars Entertainment stock in a transaction that occurred on Thursday, June 16th. The stock was acquired at an average price of $38.10 per share, for a total transaction of $95,250.00. Following the transaction, the director now directly owns 34,353 shares of the company’s stock, valued at approximately $1,308,849.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Courtney Mather acquired 16,000 shares of Caesars Entertainment stock in a transaction that occurred on Friday, May 6th. The stock was acquired at an average price of $60.12 per share, for a total transaction of $961,920.00. Following the transaction, the director now directly owns 30,160 shares of the company’s stock, valued at approximately $1,813,219.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Don R. Kornstein acquired 2,500 shares of Caesars Entertainment stock in a transaction that occurred on Thursday, June 16th. The shares were bought at an average price of $38.10 per share, with a total value of $95,250.00. Following the transaction, the director now directly owns 34,353 shares in the company, valued at $1,308,849.30. The disclosure for this purchase can be found here. In the last quarter, insiders bought 22,500 shares of company stock worth $1,215,570. 0.55% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
CZR has been the subject of a number of research reports. Barclays began coverage on Caesars Entertainment in a research report on Tuesday, June 28th. They set an “overweight” rating and a $56.00 price target for the company. Wells Fargo & Company decreased their target price on Caesars Entertainment from $106.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday. Morgan Stanley decreased their target price on Caesars Entertainment from $122.00 to $99.00 and set an “overweight” rating for the company in a research report on Monday, April 25th. B. Riley decreased their target price on Caesars Entertainment from $149.00 to $128.00 and set a “buy” rating for the company in a research report on Tuesday, June 28th. Finally, Truist Financial decreased their target price on Caesars Entertainment from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Tuesday, April 19th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $103.93.
Caesars Entertainment Company Profile
Caesars Entertainment, Inc operates as a gaming and hospitality company in the United States. The company operates casinos comprising poker, keno, and race and online sportsbooks; dining venues, bars, nightclubs, and lounges; hotels; and entertainment venues. It also provides staffing and management services; accessories, souvenirs, and decorative items through retail stores; and online sports betting and iGaming services.
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Want to see what other hedge funds are holding CZR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caesars Entertainment, Inc. (NASDAQ:CZR – Get Rating).
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