Virtu Financial LLC Sells 31,004 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Virtu Financial LLC lessened its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 84.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,825 shares of the company’s stock after selling 31,004 shares during the quarter. Virtu Financial LLC’s holdings in Caesars Entertainment were worth $273,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CZR. Altshuler Shaham Ltd bought a new position in Caesars Entertainment in the 4th quarter valued at about $45,000. Principal Securities Inc. acquired a new position in shares of Caesars Entertainment in the fourth quarter valued at approximately $46,000. TFO Wealth Partners LLC increased its stake in shares of Caesars Entertainment by 22,920.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,151 shares of the company’s stock worth $54,000 after purchasing an additional 1,146 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in Caesars Entertainment during the 4th quarter worth approximately $93,000. Finally, GAMMA Investing LLC bought a new stake in Caesars Entertainment in the 4th quarter valued at $99,000. Institutional investors own 91.79% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CZR. Morgan Stanley increased their price objective on Caesars Entertainment from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. TD Cowen dropped their price objective on shares of Caesars Entertainment from $53.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Truist Financial decreased their target price on shares of Caesars Entertainment from $58.00 to $52.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Caesars Entertainment from $62.00 to $59.00 and set a “buy” rating on the stock in a report on Friday, April 12th. Finally, Raymond James began coverage on Caesars Entertainment in a research note on Tuesday, May 21st. They issued a “strong-buy” rating and a $55.00 price target for the company. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.07.

Insider Buying and Selling at Caesars Entertainment

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

Caesars Entertainment Stock Performance

Caesars Entertainment stock opened at $38.80 on Friday. The stock has a market cap of $8.40 billion, a PE ratio of 10.99 and a beta of 2.89. Caesars Entertainment, Inc. has a 12-month low of $31.74 and a 12-month high of $60.27. The company has a quick ratio of 0.67, a current ratio of 0.69 and a debt-to-equity ratio of 2.65. The business’s 50-day moving average price is $36.42 and its two-hundred day moving average price is $41.29.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings data on Tuesday, April 30th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.52). Caesars Entertainment had a net margin of 6.68% and a return on equity of 1.27%. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.82 billion. As a group, analysts expect that Caesars Entertainment, Inc. will post 0.23 earnings per share for the current fiscal year.

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.