Caesars Entertainment, Inc. (NASDAQ:CZR) is Deltec Asset Management LLC’s 6th Largest Position

Deltec Asset Management LLC lifted its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 389,403 shares of the company’s stock after buying an additional 3,100 shares during the quarter. Caesars Entertainment comprises 3.4% of Deltec Asset Management LLC’s investment portfolio, making the stock its 6th largest holding. Deltec Asset Management LLC owned 0.18% of Caesars Entertainment worth $17,032,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Altshuler Shaham Ltd acquired a new stake in Caesars Entertainment in the 4th quarter worth approximately $45,000. Principal Securities Inc. acquired a new stake in shares of Caesars Entertainment in the fourth quarter worth $46,000. Mather Group LLC. bought a new stake in shares of Caesars Entertainment during the 1st quarter worth $53,000. TFO Wealth Partners LLC grew its stake in Caesars Entertainment by 22,920.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,151 shares of the company’s stock valued at $54,000 after buying an additional 1,146 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. acquired a new position in Caesars Entertainment in the 4th quarter valued at $93,000. Institutional investors own 91.79% of the company’s stock.

Insiders Place Their Bets

In other Caesars Entertainment news, Director Michael E. Pegram acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The shares were acquired at an average price of $31.96 per share, with a total value of $319,600.00. Following the purchase, the director now owns 191,697 shares of the company’s stock, valued at approximately $6,126,636.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Michael E. Pegram bought 40,000 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were purchased at an average price of $36.39 per share, for a total transaction of $1,455,600.00. Following the purchase, the director now owns 181,697 shares of the company’s stock, valued at approximately $6,611,953.83. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael E. Pegram purchased 10,000 shares of Caesars Entertainment stock in a transaction on Wednesday, May 29th. The shares were purchased at an average cost of $31.96 per share, with a total value of $319,600.00. Following the transaction, the director now owns 191,697 shares in the company, valued at $6,126,636.12. The disclosure for this purchase can be found here. Company insiders own 0.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. JMP Securities decreased their price target on shares of Caesars Entertainment from $62.00 to $60.00 and set a “market outperform” rating for the company in a report on Thursday, May 2nd. B. Riley assumed coverage on shares of Caesars Entertainment in a research note on Thursday, May 9th. They issued a “buy” rating and a $70.00 price objective for the company. TD Cowen decreased their target price on shares of Caesars Entertainment from $53.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Morgan Stanley increased their target price on Caesars Entertainment from $44.00 to $45.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Finally, Truist Financial decreased their price target on Caesars Entertainment from $58.00 to $52.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $55.07.

Caesars Entertainment Trading Up 1.8 %

CZR traded up $0.71 during mid-day trading on Friday, reaching $39.74. The stock had a trading volume of 6,608,601 shares, compared to its average volume of 5,130,600. The stock has a market capitalization of $8.60 billion, a P/E ratio of 11.26 and a beta of 2.89. Caesars Entertainment, Inc. has a 52 week low of $31.74 and a 52 week high of $60.27. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.67 and a current ratio of 0.69. The firm’s fifty day simple moving average is $36.38 and its two-hundred day simple moving average is $41.05.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings results on Tuesday, April 30th. The company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.52). The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.82 billion. Caesars Entertainment had a return on equity of 1.27% and a net margin of 6.68%. On average, equities analysts predict that Caesars Entertainment, Inc. will post 0.23 EPS for the current 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.