Counterpoint Mutual Funds LLC Takes $562,000 Position in Caesars Entertainment, Inc. $CZR

Counterpoint Mutual Funds LLC bought a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 21,276 shares of the company’s stock, valued at approximately $562,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CZR. Capital World Investors lifted its position in Caesars Entertainment by 29.8% in the 3rd quarter. Capital World Investors now owns 16,193,070 shares of the company’s stock valued at $437,622,000 after acquiring an additional 3,716,148 shares in the last quarter. State Street Corp grew its holdings in Caesars Entertainment by 0.8% during the second quarter. State Street Corp now owns 7,569,822 shares of the company’s stock worth $214,907,000 after buying an additional 61,065 shares in the last quarter. Morgan Stanley grew its holdings in Caesars Entertainment by 121.0% during the fourth quarter. Morgan Stanley now owns 7,141,899 shares of the company’s stock worth $167,049,000 after buying an additional 3,910,430 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in Caesars Entertainment by 246,899,900.0% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,938,000 shares of the company’s stock valued at $115,500,000 after buying an additional 4,937,998 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Caesars Entertainment by 33.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 4,359,946 shares of the company’s stock valued at $115,233,000 after acquiring an additional 1,085,516 shares in the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on CZR. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Caesars Entertainment in a report on Monday, May 18th. Zacks Research lowered shares of Caesars Entertainment from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 30th. Stifel Nicolaus cut shares of Caesars Entertainment from a “buy” rating to a “hold” rating and set a $31.00 price target on the stock. in a report on Monday, June 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $31.00 price objective (down from $35.00) on shares of Caesars Entertainment in a research report on Monday, June 1st. Finally, Wells Fargo & Company lifted their target price on shares of Caesars Entertainment from $26.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 2nd. Four investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $32.53.

Insider Buying and Selling

In other Caesars Entertainment news, Director Michael E. Pegram sold 16,897 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $29.46, for a total value of $497,785.62. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Edmund L. Quatmann, Jr. sold 81,566 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $29.35, for a total value of $2,393,962.10. Following the transaction, the insider directly owned 18,263 shares in the company, valued at $536,019.05. This represents a 81.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 293,463 shares of company stock worth $8,609,241 in the last ninety days. 1.18% of the stock is currently owned by insiders.

Caesars Entertainment Price Performance

CZR opened at $30.39 on Friday. The firm has a market cap of $6.19 billion, a P/E ratio of -12.82 and a beta of 1.76. The firm has a 50-day moving average of $28.72 and a 200 day moving average of $25.86. The company has a debt-to-equity ratio of 3.25, a quick ratio of 0.83 and a current ratio of 0.85. Caesars Entertainment, Inc. has a fifty-two week low of $17.86 and a fifty-two week high of $31.58.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings data on Tuesday, April 28th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.24). The company had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.85 billion. Caesars Entertainment had a negative return on equity of 7.88% and a negative net margin of 4.19%.The business’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.54) EPS. On average, research analysts expect that Caesars Entertainment, Inc. will post -0.49 EPS for the current year.

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.