Lmcg Investments LLC Sells 409 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Lmcg Investments LLC cut its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 0.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 58,377 shares of the company’s stock after selling 409 shares during the period. Lmcg Investments LLC’s holdings in Caesars Entertainment were worth $2,320,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. American Trust grew its stake in shares of Caesars Entertainment by 4.5% in the first quarter. American Trust now owns 7,346 shares of the company’s stock worth $321,000 after purchasing an additional 313 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its position in shares of Caesars Entertainment by 8.7% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 5,000 shares of the company’s stock worth $234,000 after acquiring an additional 400 shares during the last quarter. Blue Trust Inc. raised its position in shares of Caesars Entertainment by 525.3% during the second quarter. Blue Trust Inc. now owns 594 shares of the company’s stock worth $26,000 after acquiring an additional 499 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Caesars Entertainment by 2.7% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,755 shares of the company’s stock worth $785,000 after acquiring an additional 511 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in Caesars Entertainment by 12.0% in the fourth quarter. Private Advisor Group LLC now owns 5,040 shares of the company’s stock valued at $236,000 after acquiring an additional 538 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Caesars Entertainment Price Performance

Shares of NASDAQ:CZR opened at $40.25 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 0.70 and a debt-to-equity ratio of 5.56. The stock’s 50 day moving average is $36.78 and its 200-day moving average is $37.88. Caesars Entertainment, Inc. has a twelve month low of $31.74 and a twelve month high of $52.63. The firm has a market capitalization of $8.71 billion, a price-to-earnings ratio of 11.40 and a beta of 2.96.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, July 30th. The company reported ($0.56) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.68). Caesars Entertainment had a negative return on equity of 2.57% and a negative net margin of 2.44%. The company had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same period last year, the company earned $0.82 earnings per share. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. Sell-side analysts forecast that Caesars Entertainment, Inc. will post 0.06 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Raymond James started coverage on shares of Caesars Entertainment in a report on Tuesday, May 21st. They set a “strong-buy” rating and a $55.00 price target for the company. JMP Securities upped their price target on shares of Caesars Entertainment from $58.00 to $59.00 and gave the company a “market outperform” rating in a research report on Thursday, August 22nd. StockNews.com lowered Caesars Entertainment from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Wells Fargo & Company upped their target price on Caesars Entertainment from $53.00 to $56.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Finally, Jefferies Financial Group lowered their target price on Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.14.

Caesars Entertainment Company Profile

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.