Calamos Advisors LLC Sells 2,647 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Calamos Advisors LLC lowered its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 0.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 334,101 shares of the company’s stock after selling 2,647 shares during the period. Calamos Advisors LLC owned 0.15% of Caesars Entertainment worth $15,663,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Caesars Entertainment by 0.6% in the third quarter. Vanguard Group Inc. now owns 23,411,856 shares of the company’s stock valued at $1,085,140,000 after buying an additional 129,541 shares in the last quarter. BlackRock Inc. raised its position in shares of Caesars Entertainment by 3.9% in the first quarter. BlackRock Inc. now owns 18,038,618 shares of the company’s stock valued at $880,465,000 after buying an additional 676,512 shares in the last quarter. Point Break Capital Management LLC raised its position in shares of Caesars Entertainment by 10.3% in the first quarter. Point Break Capital Management LLC now owns 10,617,833 shares of the company’s stock valued at $821,396,000 after buying an additional 987,230 shares in the last quarter. State Street Corp raised its position in shares of Caesars Entertainment by 4.4% in the second quarter. State Street Corp now owns 7,883,415 shares of the company’s stock valued at $401,818,000 after buying an additional 329,604 shares in the last quarter. Finally, Capital International Investors raised its position in shares of Caesars Entertainment by 2.9% in the first quarter. Capital International Investors now owns 4,965,083 shares of the company’s stock valued at $384,099,000 after buying an additional 140,802 shares in the last quarter. Institutional investors own 91.79% of the company’s stock.

Insider Activity

In other Caesars Entertainment news, Director Michael E. Pegram bought 15,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were bought at an average price of $41.45 per share, for a total transaction of $621,750.00. Following the acquisition, the director now directly owns 4,612 shares of the company’s stock, valued at approximately $191,167.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.64% of the company’s stock.

Caesars Entertainment Trading Up 0.6 %

CZR stock traded up $0.24 during midday trading on Friday, hitting $38.22. The stock had a trading volume of 419,909 shares, compared to its average volume of 3,125,530. The firm has a market cap of $8.27 billion, a P/E ratio of 10.46 and a beta of 2.81. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 2.59. Caesars Entertainment, Inc. has a 1-year low of $37.81 and a 1-year high of $60.27. The business has a fifty day moving average price of $41.88 and a two-hundred day moving average price of $43.66.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings data on Tuesday, February 20th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.31). Caesars Entertainment had a net margin of 6.82% and a return on equity of 4.48%. The company had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same quarter in the prior year, the company posted ($0.11) EPS. Caesars Entertainment’s revenue for the quarter was up .1% on a year-over-year basis. On average, sell-side analysts predict that Caesars Entertainment, Inc. will post 1.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CZR. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Caesars Entertainment from $62.00 to $59.00 and set a “buy” rating on the stock in a research note on Friday, April 12th. Susquehanna decreased their price objective on shares of Caesars Entertainment from $49.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 21st. StockNews.com cut shares of Caesars Entertainment from a “buy” rating to a “hold” rating in a research note on Monday, January 1st. Barclays decreased their price objective on shares of Caesars Entertainment from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 21st. Finally, JMP Securities decreased their price objective on shares of Caesars Entertainment from $65.00 to $62.00 and set a “market outperform” rating on the stock in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Caesars Entertainment presently has a consensus rating of “Moderate Buy” and an average target price of $57.91.

Caesars Entertainment 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.