4,979 Shares in Caesars Entertainment, Inc. (NASDAQ:CZR) Purchased by Trajan Wealth LLC

Trajan Wealth LLC bought a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,979 shares of the company’s stock, valued at approximately $208,000.

Several other hedge funds also recently bought and sold shares of the stock. Deltec Asset Management LLC lifted its stake in Caesars Entertainment by 7.9% during the 3rd quarter. Deltec Asset Management LLC now owns 415,903 shares of the company’s stock worth $17,360,000 after acquiring an additional 30,500 shares in the last quarter. State of Alaska Department of Revenue raised its position in Caesars Entertainment by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 25,111 shares of the company’s stock valued at $1,048,000 after purchasing an additional 1,705 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Caesars Entertainment by 48.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,772 shares of the company’s stock valued at $699,000 after buying an additional 5,491 shares during the period. Osborne Partners Capital Management LLC grew its position in shares of Caesars Entertainment by 1.9% during the third quarter. Osborne Partners Capital Management LLC now owns 325,842 shares of the company’s stock worth $13,601,000 after buying an additional 6,033 shares in the last quarter. Finally, Joel Isaacson & Co. LLC purchased a new stake in shares of Caesars Entertainment during the third quarter worth approximately $710,000. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Trading Down 8.2 %

Shares of CZR stock opened at $41.57 on Thursday. The company has a debt-to-equity ratio of 5.56, a current ratio of 0.70 and a quick ratio of 0.68. Caesars Entertainment, Inc. has a 1-year low of $31.74 and a 1-year high of $50.51. The business’s fifty day moving average price is $40.90 and its 200 day moving average price is $38.14. The firm has a market capitalization of $9.00 billion, a PE ratio of 11.77 and a beta of 2.97.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Tuesday, October 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.25). The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.93 billion. Caesars Entertainment had a negative net margin of 2.44% and a negative return on equity of 2.57%. The company’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the business posted $0.34 earnings per share. As a group, sell-side analysts forecast that Caesars Entertainment, Inc. will post -0.18 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Susquehanna reiterated a “negative” rating and issued a $33.00 price target on shares of Caesars Entertainment in a research note on Wednesday, July 31st. Wells Fargo & Company reduced their target price on Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday. Barclays decreased their price target on shares of Caesars Entertainment from $59.00 to $57.00 and set an “overweight” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. lifted their price objective on shares of Caesars Entertainment from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, StockNews.com downgraded shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $54.00.

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.