Landscape Capital Management L.L.C. Has $5.03 Million Position in Caesars Entertainment, Inc. $CZR

Landscape Capital Management L.L.C. grew its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 642.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 185,937 shares of the company’s stock after purchasing an additional 160,883 shares during the quarter. Landscape Capital Management L.L.C. owned approximately 0.09% of Caesars Entertainment worth $5,025,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CZR. Hantz Financial Services Inc. boosted its holdings in Caesars Entertainment by 110.6% during the third quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock valued at $26,000 after acquiring an additional 510 shares during the period. Mather Group LLC. bought a new position in shares of Caesars Entertainment in the third quarter worth about $28,000. Salomon & Ludwin LLC acquired a new position in shares of Caesars Entertainment during the 3rd quarter worth about $41,000. Zions Bancorporation National Association UT lifted its position in shares of Caesars Entertainment by 5,384.4% during the 3rd quarter. Zions Bancorporation National Association UT now owns 1,755 shares of the company’s stock worth $47,000 after purchasing an additional 1,723 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in Caesars Entertainment during the 3rd quarter valued at approximately $49,000. 91.79% of the stock is owned by institutional investors.

Caesars Entertainment Price Performance

Shares of NASDAQ:CZR traded up $0.23 during midday trading on Friday, reaching $28.64. 367,978 shares of the company’s stock were exchanged, compared to its average volume of 6,578,949. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.78 and a current ratio of 0.80. The company’s 50 day simple moving average is $22.90 and its two-hundred day simple moving average is $23.34. Caesars Entertainment, Inc. has a 12 month low of $17.86 and a 12 month high of $31.58. The firm has a market capitalization of $5.83 billion, a PE ratio of -11.74, a price-to-earnings-growth ratio of 69.68 and a beta of 1.94.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings results on Tuesday, February 17th. The company reported ($1.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($1.05). The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.89 billion. Caesars Entertainment had a negative return on equity of 7.97% and a negative net margin of 4.37%.The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the company earned $0.05 EPS. Equities research analysts expect that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CZR shares. The Goldman Sachs Group lowered Caesars Entertainment from a “buy” rating to a “neutral” rating and cut their price target for the stock from $25.00 to $24.00 in a report on Monday, December 15th. Wells Fargo & Company began coverage on shares of Caesars Entertainment in a research note on Tuesday, November 18th. They set an “equal weight” rating and a $21.00 target price for the company. Susquehanna upgraded shares of Caesars Entertainment from a “neutral” rating to a “positive” rating and raised their price target for the stock from $25.00 to $31.00 in a research report on Thursday, January 8th. TD Cowen restated a “buy” rating on shares of Caesars Entertainment in a report on Wednesday, January 21st. Finally, Stifel Nicolaus cut their price objective on shares of Caesars Entertainment from $39.00 to $36.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $33.65.

About Caesars Entertainment

Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah’s by William F.