Caesars Entertainment, Inc. $CZR Shares Sold by Union Square Park Capital Management LLC

Union Square Park Capital Management LLC lessened its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 76.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 80,000 shares of the company’s stock after selling 260,000 shares during the quarter. Caesars Entertainment accounts for 1.2% of Union Square Park Capital Management LLC’s portfolio, making the stock its 16th largest position. Union Square Park Capital Management LLC’s holdings in Caesars Entertainment were worth $2,114,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Gamco Investors INC. ET AL raised its stake in shares of Caesars Entertainment by 1.5% in the first quarter. Gamco Investors INC. ET AL now owns 1,083,927 shares of the company’s stock worth $28,648,000 after purchasing an additional 16,050 shares during the last quarter. Sei Investments Co. boosted its position in Caesars Entertainment by 9.4% in the first quarter. Sei Investments Co. now owns 1,141,411 shares of the company’s stock valued at $30,168,000 after buying an additional 97,849 shares during the last quarter. Lido Advisors LLC purchased a new stake in Caesars Entertainment in the first quarter valued at approximately $237,000. First Trust Advisors LP increased its holdings in Caesars Entertainment by 36.8% in the 1st quarter. First Trust Advisors LP now owns 315,506 shares of the company’s stock worth $8,339,000 after buying an additional 84,854 shares during the period. Finally, Bessemer Group Inc. increased its holdings in Caesars Entertainment by 16,194.2% in the 1st quarter. Bessemer Group Inc. now owns 28,026 shares of the company’s stock worth $740,000 after buying an additional 27,854 shares during the period. 91.79% of the stock is owned by institutional investors and hedge funds.

Caesars Entertainment Trading Up 0.1%

Shares of NASDAQ:CZR opened at $29.94 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 3.25. Caesars Entertainment, Inc. has a 12-month low of $17.86 and a 12-month high of $30.88. The business has a 50 day moving average of $29.43 and a two-hundred day moving average of $26.47. The company has a market capitalization of $6.10 billion, a PE ratio of -12.63 and a beta of 1.76.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, April 28th. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.24). The firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.85 billion. Caesars Entertainment had a negative return on equity of 7.88% and a negative net margin of 4.19%.Caesars Entertainment’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.54) EPS. As a group, analysts forecast that Caesars Entertainment, Inc. will post -0.49 EPS for the current year.

Insiders Place Their Bets

In other Caesars Entertainment news, insider Edmund L. Quatmann, Jr. sold 81,566 shares of Caesars Entertainment 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 completion of the transaction, the insider owned 18,263 shares of the company’s stock, valued at approximately $536,019.05. The trade was a 81.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael E. Pegram sold 16,897 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $29.46, for a total transaction of $497,785.62. The disclosure for this sale is available in the SEC filing. Insiders have sold 293,463 shares of company stock worth $8,609,241 over the last three months. 1.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

CZR has been the subject of several research reports. Barclays restated an “equal weight” rating and set a $31.00 price objective (down from $35.00) on shares of Caesars Entertainment in a research note on Thursday, July 9th. 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 research note on Friday, May 29th. Capital One Financial cut shares of Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a report on Thursday. Wall Street Zen upgraded shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, Jefferies Financial Group upped their price target on shares of Caesars Entertainment from $24.00 to $26.00 and gave the company a “hold” rating in a report on Monday, April 6th. Three investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $31.00.

Caesars Entertainment Company 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.