Readystate Asset Management LP Decreases Stock Position in Caesars Entertainment, Inc. $CZR

Readystate Asset Management LP decreased its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 52.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 409,716 shares of the company’s stock after selling 443,413 shares during the quarter. Readystate Asset Management LP’s holdings in Caesars Entertainment were worth $10,829,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. AQR Capital Management LLC raised its holdings in Caesars Entertainment by 47.7% in the first quarter. AQR Capital Management LLC now owns 39,297 shares of the company’s stock valued at $953,000 after acquiring an additional 12,698 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Caesars Entertainment by 8.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,830 shares of the company’s stock valued at $496,000 after purchasing an additional 1,623 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Caesars Entertainment by 106.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,599,273 shares of the company’s stock valued at $39,982,000 after purchasing an additional 826,356 shares in the last quarter. Woodline Partners LP raised its holdings in shares of Caesars Entertainment by 40.7% in the 1st quarter. Woodline Partners LP now owns 17,952 shares of the company’s stock valued at $449,000 after purchasing an additional 5,192 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Caesars Entertainment by 0.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 506,585 shares of the company’s stock worth $12,665,000 after purchasing an additional 3,198 shares during the last quarter. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Key Stories Impacting Caesars Entertainment

Here are the key news stories impacting Caesars Entertainment this week:

• Positive Sentiment: Second-quarter GAAP revenue increased 3% to approximately $3.0 billion, topping analysts’ $2.98 billion estimate. Caesars also reduced its net loss to $62 million from $82 million a year earlier. Caesars Entertainment Second Quarter 2026 Results
• Positive Sentiment: Consolidated adjusted EBITDA was $920 million, indicating continued underlying cash-flow generation despite the reported net loss. Regional casino properties outperformed Caesars’ Las Vegas operations during the quarter, offering support from geographically diversified markets. Regional Casinos Outperform Las Vegas Properties
• Neutral Sentiment: The results are the first since Caesars agreed to be acquired by billionaire Tilman Fertitta in a transaction valued at approximately $5.7 billion. The pending deal may provide valuation support, although investors will continue to assess its completion and financing implications. Caesars Narrows Loss Ahead of Fertitta Acquisition
• Negative Sentiment: Caesars reported a loss of $0.30 per share, significantly below the consensus estimate for earnings of roughly $0.04–$0.05 per share. Although the loss improved from $0.39 per share a year earlier, the earnings miss is likely the main reason the stock has moved lower or remained under pressure following the report. Caesars Reports Q2 Loss and Tops Revenue Estimates
• Negative Sentiment: The company continues to report negative profitability metrics, including a negative net margin and return on equity, while its high debt burden remains a key risk ahead of the proposed acquisition.

Insiders Place Their Bets

In related news, insider Edmund L. Quatmann, Jr. sold 81,566 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $29.35, for a total transaction of $2,393,962.10. Following the transaction, the insider owned 18,263 shares of the company’s stock, valued at $536,019.05. This trade represents a 81.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael E. Pegram sold 55,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $29.20, for a total value of $1,606,000.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 293,463 shares of company stock worth $8,609,241. 1.18% of the stock is currently owned by company insiders.

Caesars Entertainment Price Performance

CZR stock opened at $29.95 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 3.25. The company has a market capitalization of $6.10 billion, a P/E ratio of -12.64 and a beta of 1.76. The business has a 50 day simple moving average of $29.53 and a 200-day simple moving average of $26.59. Caesars Entertainment, Inc. has a twelve month low of $17.86 and a twelve month high of $30.88.

Caesars Entertainment (NASDAQ:CZR) last announced 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 4.19% and a negative return on equity of 7.88%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period in the previous year, the firm earned ($0.39) earnings per share. The business’s revenue was up 3.0% compared to the same quarter last year. As a group, equities analysts anticipate that Caesars Entertainment, Inc. will post -0.49 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CZR shares. Citizens Jmp upped their price objective on Caesars Entertainment from $34.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Wednesday, April 29th. Citigroup boosted their target price on Caesars Entertainment from $23.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. Capital One Financial downgraded Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Jefferies Financial Group increased their price target on shares of Caesars Entertainment from $24.00 to $26.00 and gave the company a “hold” rating in a research note on Monday, April 6th. Finally, Stifel Nicolaus downgraded shares of Caesars Entertainment from a “buy” rating to a “hold” rating and set a $31.00 price objective for the company. in a research report on Monday, June 15th. Three investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $31.00.

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.