1,134 Shares in Caesars Entertainment, Inc. (NASDAQ:CZR) Purchased by Mather Group LLC.

Mather Group LLC. acquired a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,134 shares of the company’s stock, valued at approximately $53,000.

Other hedge funds have also added to or reduced their stakes in the company. Federated Hermes Inc. grew its stake in shares of Caesars Entertainment by 26.4% during the 3rd quarter. Federated Hermes Inc. now owns 44,384 shares of the company’s stock worth $2,057,000 after acquiring an additional 9,270 shares during the period. Choreo LLC increased its stake in shares of Caesars Entertainment by 39.1% in the fourth quarter. Choreo LLC now owns 17,678 shares of the company’s stock worth $829,000 after purchasing an additional 4,970 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Caesars Entertainment in the third quarter valued at approximately $2,259,000. Strs Ohio lifted its stake in shares of Caesars Entertainment by 33.2% during the 4th quarter. Strs Ohio now owns 676,706 shares of the company’s stock valued at $31,723,000 after buying an additional 168,738 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado grew its stake in Caesars Entertainment by 881.0% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 25,506 shares of the company’s stock valued at $1,196,000 after buying an additional 22,906 shares in the last quarter. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Trading Up 0.9 %

CZR stock opened at $39.16 on Monday. The company has a market capitalization of $8.48 billion, a PE ratio of 11.09 and a beta of 2.89. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.67 and a current ratio of 0.69. Caesars Entertainment, Inc. has a one year low of $31.74 and a one year high of $60.27. The company’s 50 day moving average price is $36.40 and its two-hundred day moving average price is $41.21.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings results 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). The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Caesars Entertainment had a net margin of 6.68% and a return on equity of 1.27%. As a group, analysts predict that Caesars Entertainment, Inc. will post 0.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CZR has been the topic of several recent research reports. TD Cowen dropped their target price on Caesars Entertainment from $53.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Raymond James began coverage on Caesars Entertainment in a report on Tuesday, May 21st. They set a “strong-buy” rating and a $55.00 target price for the company. Barclays cut their price objective on shares of Caesars Entertainment from $65.00 to $63.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. JMP Securities decreased their target price on shares of Caesars Entertainment from $62.00 to $60.00 and set a “market outperform” rating on the stock in a report on Thursday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Caesars Entertainment from $62.00 to $59.00 and set a “buy” rating for the company in a report on Friday, April 12th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Caesars Entertainment has a consensus rating of “Moderate Buy” and a consensus target price of $55.07.

Insider Transactions at Caesars Entertainment

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

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.