Caesars Entertainment, Inc. (NASDAQ:CZR) Stake Cut by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lessened its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 15.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,498 shares of the company’s stock after selling 1,043 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Caesars Entertainment were worth $240,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Altshuler Shaham Ltd acquired a new stake in Caesars Entertainment during the fourth quarter valued at $45,000. Principal Securities Inc. acquired a new stake in shares of Caesars Entertainment during the 4th quarter valued at about $46,000. Mather Group LLC. bought a new stake in shares of Caesars Entertainment in the 1st quarter valued at approximately $53,000. TFO Wealth Partners LLC increased its holdings in Caesars Entertainment by 22,920.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,151 shares of the company’s stock worth $54,000 after buying an additional 1,146 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new position in Caesars Entertainment during the fourth quarter valued at approximately $93,000. Institutional investors and hedge funds own 91.79% of the company’s stock.

Insider Activity

In other Caesars Entertainment news, Director Michael E. Pegram bought 40,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were acquired at an average price of $36.39 per share, with a total value of $1,455,600.00. Following the completion of the purchase, the director now directly owns 181,697 shares in the company, valued at approximately $6,611,953.83. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Michael E. Pegram bought 10,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 191,697 shares of the company’s stock, valued at approximately $6,126,636.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael E. Pegram purchased 40,000 shares of Caesars Entertainment stock in a transaction on Friday, May 3rd. The stock was purchased at an average price of $36.39 per share, for a total transaction of $1,455,600.00. Following the completion of the transaction, the director now owns 181,697 shares of the company’s stock, valued at $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 Stock Performance

NASDAQ CZR opened at $39.74 on Friday. The company’s fifty day moving average is $36.38 and its two-hundred day moving average is $41.05. Caesars Entertainment, Inc. has a 52-week low of $31.74 and a 52-week high of $60.27. 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 capitalization of $8.60 billion, a price-to-earnings ratio of 11.26 and a beta of 2.89.

Caesars Entertainment (NASDAQ:CZR) last released its earnings results on Tuesday, April 30th. The company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.52). The firm 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%. Equities research analysts forecast that Caesars Entertainment, Inc. will post 0.23 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on CZR. Raymond James began coverage on shares of Caesars Entertainment in a research report on Tuesday, May 21st. They issued a “strong-buy” rating and a $55.00 target price for the company. TD Cowen lowered their target price on shares of Caesars Entertainment from $53.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Wells Fargo & Company reduced their price target on Caesars Entertainment from $67.00 to $54.00 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. Truist Financial lowered their price objective on Caesars Entertainment from $58.00 to $52.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Finally, B. Riley assumed coverage on Caesars Entertainment in a report on Thursday, May 9th. They issued a “buy” rating and a $70.00 target price for the company. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $55.07.

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.