Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Sold by Larson Financial Group LLC

Larson Financial Group LLC reduced its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 3.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,534 shares of the company’s stock after selling 1,070 shares during the period. Larson Financial Group LLC’s holdings in Caesars Entertainment were worth $1,385,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. lifted its position in shares of Caesars Entertainment by 10.6% during the third quarter. Assetmark Inc. now owns 2,713 shares of the company’s stock worth $126,000 after purchasing an additional 261 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Caesars Entertainment by 0.8% in the third quarter. DekaBank Deutsche Girozentrale now owns 34,824 shares of the company’s stock valued at $1,625,000 after purchasing an additional 285 shares during the period. First Trust Direct Indexing L.P. increased its stake in shares of Caesars Entertainment by 4.0% in the third quarter. First Trust Direct Indexing L.P. now owns 7,631 shares of the company’s stock valued at $354,000 after purchasing an additional 295 shares during the period. Cary Street Partners Investment Advisory LLC increased its stake in shares of Caesars Entertainment by 13.4% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 3,192 shares of the company’s stock valued at $148,000 after acquiring an additional 376 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in shares of Caesars Entertainment by 2.5% during the third quarter. Teacher Retirement System of Texas now owns 16,673 shares of the company’s stock valued at $773,000 after acquiring an additional 404 shares during the period. 91.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Stifel Nicolaus cut their price objective on Caesars Entertainment from $70.00 to $67.00 and set a “buy” rating for the company in a research report on Thursday, January 18th. JMP Securities decreased their price target on shares of Caesars Entertainment from $65.00 to $62.00 and set a “market outperform” rating for the company in a report on Friday. Wells Fargo & Company decreased their price target on shares of Caesars Entertainment from $72.00 to $68.00 and set an “overweight” rating for the company in a report on Wednesday, February 21st. Susquehanna reduced their target price on shares of Caesars Entertainment from $49.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, February 21st. Finally, Truist Financial dropped their price target on shares of Caesars Entertainment from $62.00 to $58.00 and set a “buy” rating on the stock in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $57.36.

Caesars Entertainment Stock Performance

CZR traded up $0.80 on Tuesday, hitting $39.22. 893,946 shares of the stock traded hands, compared to its average volume of 3,143,548. Caesars Entertainment, Inc. has a 52 week low of $37.71 and a 52 week high of $60.27. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 2.59. The firm has a market capitalization of $8.48 billion, a PE ratio of 10.77 and a beta of 2.81. The business has a fifty day moving average price of $41.63 and a two-hundred day moving average price of $43.55.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings results on Tuesday, February 20th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.31). Caesars Entertainment had a net margin of 6.82% and a return on equity of 4.48%. The firm had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the prior year, the firm earned ($0.11) earnings per share. The company’s revenue was up .1% on a year-over-year basis. On average, research analysts predict that Caesars Entertainment, Inc. will post 1.07 EPS for the current fiscal year.

Insider Activity

In related news, Director Michael E. Pegram acquired 15,000 shares of the stock in a transaction dated Wednesday, March 6th. The shares were bought at an average cost of $41.45 per share, for a total transaction of $621,750.00. Following the purchase, the director now owns 4,612 shares in the company, valued at approximately $191,167.40. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.64% of the company’s stock.

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.