Pitcairn Co. Acquires Shares of 4,412 Caesars Entertainment, Inc. (NASDAQ:CZR)

Pitcairn Co. acquired a new stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,412 shares of the company’s stock, valued at approximately $495,000.

Other institutional investors have also made changes to their positions in the company. Global Retirement Partners LLC increased its stake in shares of Caesars Entertainment by 93.5% in the 3rd quarter. Global Retirement Partners LLC now owns 300 shares of the company’s stock valued at $34,000 after purchasing an additional 145 shares in the last quarter. Selective Wealth Management Inc. purchased a new position in shares of Caesars Entertainment in the 3rd quarter valued at about $34,000. Berman Capital Advisors LLC increased its stake in shares of Caesars Entertainment by 107.0% in the 2nd quarter. Berman Capital Advisors LLC now owns 416 shares of the company’s stock valued at $43,000 after purchasing an additional 215 shares in the last quarter. JFS Wealth Advisors LLC purchased a new stake in Caesars Entertainment during the 3rd quarter worth approximately $71,000. Finally, Meeder Asset Management Inc. increased its stake in Caesars Entertainment by 40.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 670 shares of the company’s stock worth $75,000 after buying an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Shares of Caesars Entertainment stock opened at $82.84 on Friday. Caesars Entertainment, Inc. has a 12-month low of $66.34 and a 12-month high of $119.81. The company has a quick ratio of 1.18, a current ratio of 1.19 and a debt-to-equity ratio of 5.42. The company has a 50-day moving average of $92.40 and a two-hundred day moving average of $98.72.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, November 2nd. The company reported ($1.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($1.16). Caesars Entertainment had a negative return on equity of 21.28% and a negative net margin of 13.60%. The business had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same period last year, the business earned ($6.09) earnings per share. As a group, equities research analysts forecast that Caesars Entertainment, Inc. will post -3.29 earnings per share for the current year.

Several equities research analysts have commented on CZR shares. Wells Fargo & Company reiterated a “buy” rating and set a $127.00 price objective on shares of Caesars Entertainment in a research note on Thursday, December 23rd. Deutsche Bank Aktiengesellschaft lowered their target price on Caesars Entertainment from $132.00 to $130.00 and set a “buy” rating on the stock in a report on Monday, November 29th. The Goldman Sachs Group boosted their target price on Caesars Entertainment from $112.00 to $128.00 and gave the stock a “neutral” rating in a report on Wednesday, October 27th. KeyCorp boosted their target price on Caesars Entertainment from $125.00 to $127.00 and gave the stock an “overweight” rating in a report on Wednesday, October 6th. Finally, Truist lowered their target price on Caesars Entertainment from $140.00 to $110.00 in a report on Thursday. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $126.94.

In other Caesars Entertainment news, insider Edmund L. Quatmann, Jr. sold 5,279 shares of Caesars Entertainment stock in a transaction on Tuesday, January 4th. The shares were sold at an average price of $89.60, for a total value of $472,998.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.55% of the stock is owned by company insiders.

Caesars Entertainment Company Profile

Caesars Holdings, Inc is a holding company, which engages in the provision of casino-entertainment and hospitality services. It operates through the following segments: Las Vegas, Other U.S., and All Other. The All Other segment includes managed and international properties as well as other business, such as Caesars Interactive Entertainment.

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Institutional Ownership by Quarter for Caesars Entertainment (NASDAQ:CZR)

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