XTX Topco Ltd Invests $1.79 Million in Caesars Entertainment, Inc. (NASDAQ:CZR)

XTX Topco Ltd bought a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 45,100 shares of the company’s stock, valued at approximately $1,792,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CZR. American Trust raised its position in shares of Caesars Entertainment by 4.5% in the first quarter. American Trust now owns 7,346 shares of the company’s stock valued at $321,000 after buying an additional 313 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in shares of Caesars Entertainment by 8.7% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 5,000 shares of the company’s stock worth $234,000 after purchasing an additional 400 shares during the period. Blue Trust Inc. boosted its holdings in shares of Caesars Entertainment by 525.3% during the second quarter. Blue Trust Inc. now owns 594 shares of the company’s stock worth $26,000 after purchasing an additional 499 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Caesars Entertainment by 2.7% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,755 shares of the company’s stock valued at $785,000 after purchasing an additional 511 shares during the period. Finally, Private Advisor Group LLC increased its stake in Caesars Entertainment by 12.0% in the fourth quarter. Private Advisor Group LLC now owns 5,040 shares of the company’s stock valued at $236,000 after purchasing an additional 538 shares during the last quarter. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Trading Up 3.3 %

Shares of CZR opened at $41.58 on Friday. Caesars Entertainment, Inc. has a 12 month low of $31.74 and a 12 month high of $51.24. The stock’s 50-day moving average is $36.92 and its two-hundred day moving average is $37.88. The company has a debt-to-equity ratio of 5.56, a current ratio of 0.70 and a quick ratio of 0.68. The stock has a market cap of $9.00 billion, a PE ratio of 11.78 and a beta of 2.96.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings results on Tuesday, July 30th. The company reported ($0.56) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.68). The company had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.87 billion. Caesars Entertainment had a negative return on equity of 2.57% and a negative net margin of 2.44%. The business’s revenue was down 1.7% on a year-over-year basis. During the same period last year, the firm posted $0.82 earnings per share. Equities analysts forecast that Caesars Entertainment, Inc. will post 0.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on CZR. Stifel Nicolaus raised their price target on Caesars Entertainment from $54.00 to $56.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Susquehanna reissued a “negative” rating and issued a $33.00 target price on shares of Caesars Entertainment in a research report on Wednesday, July 31st. JMP Securities upped their price target on shares of Caesars Entertainment from $58.00 to $59.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 22nd. Morgan Stanley decreased their price target on shares of Caesars Entertainment from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 4th. Finally, Wells Fargo & Company upped their price objective on Caesars Entertainment from $53.00 to $56.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $54.14.

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.