Caesars Entertainment, Inc. $CZR Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 6.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 377,406 shares of the company’s stock after selling 27,918 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Caesars Entertainment were worth $11,390,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allworth Financial LP purchased a new stake in Caesars Entertainment during the 2nd quarter valued at about $25,000. Sunbelt Securities Inc. lifted its stake in Caesars Entertainment by 181.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock worth $28,000 after purchasing an additional 672 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Caesars Entertainment by 456.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,119 shares of the company’s stock worth $26,000 after purchasing an additional 918 shares during the last quarter. Ancora Advisors LLC acquired a new stake in shares of Caesars Entertainment in the second quarter valued at approximately $53,000. Finally, Hantz Financial Services Inc. increased its holdings in shares of Caesars Entertainment by 87.1% in the fourth quarter. Hantz Financial Services Inc. now owns 1,817 shares of the company’s stock valued at $42,000 after purchasing an additional 846 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Caesars Entertainment Stock Performance

Shares of Caesars Entertainment stock opened at $29.68 on Monday. The stock has a 50 day moving average of $29.86 and a 200 day moving average of $28.10. The company has a debt-to-equity ratio of 3.70, a quick ratio of 0.83 and a current ratio of 0.85. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of -13.02 and a beta of 1.75. Caesars Entertainment, Inc. has a fifty-two week low of $17.86 and a fifty-two week high of $30.88.

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Tuesday, July 28th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.35). Caesars Entertainment had a negative net margin of 3.99% and a negative return on equity of 7.64%. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the prior year, the firm earned ($0.39) EPS. Caesars Entertainment’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, research analysts predict that Caesars Entertainment, Inc. will post -0.9 earnings per share for the current year.

Analyst Ratings Changes

CZR has been the topic of a number of recent research reports. Stifel Nicolaus lowered Caesars Entertainment from a “buy” rating to a “hold” rating and set a $31.00 price objective on the stock. in a research note on Monday, June 15th. Zacks Research lowered Caesars Entertainment from a “hold” rating to a “strong sell” rating in a report on Monday, August 17th. Susquehanna raised shares of Caesars Entertainment from a “positive” rating to a “positive” rating in a research report on Friday, May 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Caesars Entertainment in a report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $31.00 price objective (down from $35.00) on shares of Caesars Entertainment in a research report on Monday, June 1st. Two analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $30.71.

Insider Transactions at Caesars Entertainment

In other Caesars Entertainment news, Director Janis Jones Blackhurst sold 33,899 shares of Caesars Entertainment stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $29.63, for a total transaction of $1,004,427.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Josh Jones sold 59,507 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $29.72, for a total transaction of $1,768,548.04. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 510,830 shares of company stock worth $15,086,960 in the last 90 days. Insiders own 1.18% of the company’s stock.

Caesars Entertainment Profile

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.