IPG Investment Advisors LLC bought a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR – Get Rating) in the fourth quarter, HoldingsChannel reports. The fund bought 11,200 shares of the company’s stock, valued at approximately $1,048,000.
A number of other large investors have also bought and sold shares of the business. Soros Fund Management LLC raised its holdings in shares of Caesars Entertainment by 9.4% in the third quarter. Soros Fund Management LLC now owns 151,147 shares of the company’s stock valued at $16,971,000 after purchasing an additional 13,000 shares during the last quarter. Hsbc Holdings PLC lifted its position in Caesars Entertainment by 117.9% during the 3rd quarter. Hsbc Holdings PLC now owns 289,773 shares of the company’s stock worth $32,558,000 after buying an additional 156,814 shares in the last quarter. Bridgefront Capital LLC acquired a new position in shares of Caesars Entertainment during the 4th quarter worth about $216,000. Ulysses Management LLC acquired a new stake in shares of Caesars Entertainment in the fourth quarter valued at about $10,288,000. Finally, Kentucky Retirement Systems raised its holdings in Caesars Entertainment by 10.2% during the fourth quarter. Kentucky Retirement Systems now owns 13,172 shares of the company’s stock worth $1,232,000 after acquiring an additional 1,220 shares in the last quarter. 94.75% of the stock is owned by hedge funds and other institutional investors.
CZR has been the subject of a number of recent analyst reports. Wells Fargo & Company cut their price target on shares of Caesars Entertainment from $105.00 to $103.00 and set an “overweight” rating for the company in a research note on Wednesday, April 13th. B. Riley reduced their price target on Caesars Entertainment from $191.00 to $183.00 and set a “buy” rating for the company in a report on Wednesday, February 23rd. Cowen lowered their price target on Caesars Entertainment from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 23rd. Truist Financial dropped their price objective on Caesars Entertainment from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Tuesday, April 19th. Finally, Loop Capital upped their price objective on Caesars Entertainment from $99.00 to $109.00 and gave the company a “buy” rating in a research note on Monday, February 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Caesars Entertainment presently has a consensus rating of “Buy” and a consensus target price of $116.87.
Caesars Entertainment (NASDAQ:CZR – Get Rating) last issued its earnings results on Tuesday, May 3rd. The company reported ($2.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.15) by $0.04. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.35 billion. Caesars Entertainment had a negative return on equity of 17.77% and a negative net margin of 12.66%. The company’s revenue was up 34.9% compared to the same quarter last year. During the same quarter last year, the business posted ($2.06) EPS. Sell-side analysts predict that Caesars Entertainment, Inc. will post -1.42 earnings per share for the current year.
In related news, Director Michael E. Pegram purchased 13,000 shares of the firm’s stock in a transaction dated Tuesday, March 8th. The stock was bought at an average price of $68.89 per share, with a total value of $895,570.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sandra Douglass Morgan sold 756 shares of the stock in a transaction dated Thursday, March 17th. The shares were sold at an average price of $79.28, for a total value of $59,935.68. The disclosure for this sale can be found here. Insiders have purchased a total of 39,000 shares of company stock worth $2,571,290 in the last 90 days. 0.55% of the stock is currently owned by corporate insiders.
Caesars Entertainment Company Profile (Get Rating)
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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