Gamco Investors INC. ET AL Buys 44,213 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Gamco Investors INC. ET AL grew its stake in Caesars Entertainment, Inc. (NASDAQ:CZR) by 20.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 256,261 shares of the company’s stock after purchasing an additional 44,213 shares during the period. Gamco Investors INC. ET AL owned approximately 0.12% of Caesars Entertainment worth $11,209,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in shares of Caesars Entertainment by 8.7% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 5,000 shares of the company’s stock valued at $234,000 after purchasing an additional 400 shares during the period. Arizona State Retirement System grew its position in Caesars Entertainment by 0.8% during the 4th quarter. Arizona State Retirement System now owns 59,170 shares of the company’s stock worth $2,774,000 after acquiring an additional 457 shares during the last quarter. Private Advisor Group LLC grew its position in Caesars Entertainment by 12.0% during the 4th quarter. Private Advisor Group LLC now owns 5,040 shares of the company’s stock worth $236,000 after acquiring an additional 538 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Caesars Entertainment by 3.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 15,531 shares of the company’s stock worth $728,000 after acquiring an additional 580 shares during the last quarter. Finally, Cerity Partners LLC grew its position in Caesars Entertainment by 7.0% during the 4th quarter. Cerity Partners LLC now owns 9,174 shares of the company’s stock worth $430,000 after acquiring an additional 601 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors.

Caesars Entertainment Trading Up 5.4 %

Shares of CZR stock traded up $1.81 during trading hours on Friday, reaching $35.06. The company had a trading volume of 4,668,178 shares, compared to its average volume of 4,154,195. The company has a 50 day moving average of $36.62 and a 200 day moving average of $39.82. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.69 and a quick ratio of 0.67. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 9.93 and a beta of 2.98. Caesars Entertainment, Inc. has a 1-year low of $31.74 and a 1-year high of $60.27.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, April 30th. The company reported ($0.55) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.52). The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.82 billion. Caesars Entertainment had a return on equity of 1.27% and a net margin of 6.68%. On average, equities research analysts anticipate that Caesars Entertainment, Inc. will post -0.13 EPS for the current year.

Wall Street Analyst Weigh In

CZR has been the topic of a number of research analyst reports. Stifel Nicolaus decreased their price target on Caesars Entertainment from $67.00 to $54.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Susquehanna downgraded Caesars Entertainment from a “neutral” rating to a “negative” rating and reduced their price objective for the stock from $44.00 to $33.00 in a report on Monday, July 15th. Deutsche Bank Aktiengesellschaft reduced their price objective on Caesars Entertainment from $62.00 to $59.00 and set a “buy” rating on the stock in a report on Friday, April 12th. Barclays reduced their price objective on Caesars Entertainment from $65.00 to $63.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. Finally, JMP Securities reduced their price objective on Caesars Entertainment from $60.00 to $58.00 and set a “market outperform” rating on the stock in a report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $54.33.

Insider Buying and Selling

In other Caesars Entertainment news, Director Michael E. Pegram acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The shares were acquired at an average price of $31.96 per share, with a total value of $319,600.00. Following the purchase, the director now owns 191,697 shares of the company’s stock, valued at approximately $6,126,636.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Michael E. Pegram bought 10,000 shares of the stock in a transaction on Wednesday, May 29th. The stock was purchased at an average price of $31.96 per share, for a total transaction of $319,600.00. Following the acquisition, the director now owns 191,697 shares in the company, valued at $6,126,636.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael E. Pegram bought 40,000 shares of the stock in a transaction on Friday, May 3rd. The shares were purchased at an average price of $36.39 per share, with a total value of $1,455,600.00. Following the acquisition, the director now owns 181,697 shares in the company, valued at approximately $6,611,953.83. The disclosure for this purchase can be found here. 0.64% of the stock is currently owned by company insiders.

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.