Caesars Entertainment (NASDAQ:CZR) Director David Tomick Sells 7,142 Shares of Stock

Caesars Entertainment, Inc. (NASDAQ:CZR) Director David Tomick sold 7,142 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $29.71, for a total value of $212,188.82. Following the transaction, the director directly owned 17,769 shares of the company’s stock, valued at $527,916.99. The trade was a 28.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Caesars Entertainment Stock Up 0.1%

Shares of NASDAQ:CZR opened at $29.67 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 3.70. Caesars Entertainment, Inc. has a 52-week low of $17.86 and a 52-week high of $30.88. The stock’s fifty day simple moving average is $29.78 and its 200-day simple moving average is $28.57. The company has a market capitalization of $6.05 billion, a P/E ratio of -13.01 and a beta of 1.75.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data 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 return on equity of 7.64% and a negative net margin of 3.99%.The company had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the prior year, the business posted ($0.39) EPS. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, equities research analysts forecast that Caesars Entertainment, Inc. will post -0.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CZR shares. Susquehanna raised Caesars Entertainment from a “positive” rating to a “positive” rating in a research note on Friday, May 29th. TD Cowen lowered Caesars Entertainment from a “buy” rating to a “hold” rating and set a $31.00 price target on the stock. in a research note on Wednesday, July 29th. Texas Capital cut Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Capital One Financial downgraded shares of Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Finally, Truist Financial lowered shares of Caesars Entertainment from a “buy” rating to a “hold” rating and cut their price objective for the stock from $32.00 to $31.00 in a report on Friday, May 29th. Two research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $30.71.

Institutional Trading of Caesars Entertainment

Large investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Caesars Entertainment during the 2nd quarter valued at $830,001,000. Pentwater Capital Management LP acquired a new position in Caesars Entertainment in the 2nd quarter worth $346,014,000. Janus Henderson Group PLC boosted its position in Caesars Entertainment by 5.8% in the 1st quarter. Janus Henderson Group PLC now owns 6,529,700 shares of the company’s stock valued at $172,582,000 after buying an additional 355,760 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted 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. grew its stake in shares of Caesars Entertainment by 33.2% during the first 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.

Caesars Entertainment Company Profile

Caesars Entertainment, Inc is a casino-entertainment company that owns, operates and manages commercial casinos, resorts and gaming facilities primarily in the United States. Its properties offer casino gaming, hotel accommodations, restaurants, entertainment, nightlife, conventions and other leisure services, with a significant presence in Las Vegas and regional markets across the country.

The company operates a portfolio of well-known brands, including Caesars, Harrah’s, Horseshoe, Paris, Planet Hollywood, Flamingo, The LINQ and Caesars Sportsbook.