American Trust Raises Stock Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

American Trust raised its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 4.5% during the first quarter, Holdings Channel reports. The firm owned 7,346 shares of the company’s stock after buying an additional 313 shares during the quarter. American Trust’s holdings in Caesars Entertainment were worth $321,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new stake in shares of Caesars Entertainment during the 4th quarter valued at $45,000. Principal Securities Inc. bought a new stake in shares of Caesars Entertainment during the 4th quarter valued at $46,000. Mather Group LLC. bought a new stake in shares of Caesars Entertainment during the 1st quarter valued at $53,000. TFO Wealth Partners LLC boosted its holdings in shares of Caesars Entertainment by 22,920.0% during 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 in the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new stake in shares of Caesars Entertainment during the 4th quarter valued at $93,000. 91.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Frank J. Fahrenkopf, Jr. sold 10,000 shares of the stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $32.52, for a total value of $325,200.00. Following the completion of the sale, the director now directly owns 350 shares of the company’s stock, valued at approximately $11,382. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.64% of the stock is currently owned by insiders.

Caesars Entertainment Stock Performance

Shares of NASDAQ CZR traded down $1.70 during midday trading on Friday, hitting $35.66. 6,761,535 shares of the company’s stock traded hands, compared to its average volume of 5,328,713. The firm has a fifty day moving average of $36.91 and a 200 day moving average of $39.44. The stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of 10.10 and a beta of 2.99. Caesars Entertainment, Inc. has a 1 year low of $31.74 and a 1 year high of $58.29. The company has a debt-to-equity ratio of 5.56, a quick ratio of 0.67 and a current ratio of 0.70.

Caesars Entertainment (NASDAQ:CZR) last released its earnings results on Tuesday, July 30th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.68). The firm had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.87 billion. Caesars Entertainment had a negative return on equity of 2.57% and a negative net margin of 2.44%. The company’s revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 earnings per share. On average, analysts forecast that Caesars Entertainment, Inc. will post 0.12 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CZR. Jefferies Financial Group dropped their price target 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. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Caesars Entertainment from $62.00 to $59.00 and set a “buy” rating on the stock in a research note on Friday, April 12th. Barclays dropped their price target on shares of Caesars Entertainment from $65.00 to $63.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. TD Cowen dropped their price target on shares of Caesars Entertainment from $53.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Finally, B. Riley began coverage on shares of Caesars Entertainment in a research note on Thursday, May 9th. They issued a “buy” rating and a $70.00 price target on the stock. Two analysts have rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Caesars Entertainment has a consensus rating of “Moderate Buy” and an average target price of $54.14.

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.