Elo Mutual Pension Insurance Co Has $553,000 Stake in Caesars Entertainment, Inc. (NASDAQ:CZR)

Elo Mutual Pension Insurance Co reduced its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 29.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,921 shares of the company’s stock after selling 5,789 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Caesars Entertainment were worth $553,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Research Global Investors lifted its holdings in Caesars Entertainment by 26.9% during the 1st quarter. Capital Research Global Investors now owns 15,505,033 shares of the company’s stock valued at $678,190,000 after purchasing an additional 3,289,748 shares during the last quarter. Norges Bank acquired a new stake in shares of Caesars Entertainment in the fourth quarter valued at $102,213,000. Nut Tree Capital Management LP raised its holdings in shares of Caesars Entertainment by 340.0% in the first quarter. Nut Tree Capital Management LP now owns 2,200,000 shares of the company’s stock valued at $96,228,000 after buying an additional 1,700,000 shares during the last quarter. EdgePoint Investment Group Inc. lifted its position in Caesars Entertainment by 35.4% during the 1st quarter. EdgePoint Investment Group Inc. now owns 5,799,067 shares of the company’s stock worth $253,651,000 after buying an additional 1,515,763 shares in the last quarter. Finally, Helikon Investments Ltd bought a new stake in Caesars Entertainment during the 2nd quarter worth about $37,763,000. 91.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CZR has been the subject of a number of research analyst reports. Jefferies Financial Group dropped their target price on shares of Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Stifel Nicolaus boosted their price objective on shares of Caesars Entertainment from $54.00 to $56.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Wells Fargo & Company increased their price objective on Caesars Entertainment from $53.00 to $56.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Susquehanna reaffirmed a “negative” rating and issued a $33.00 price target on shares of Caesars Entertainment in a research note on Wednesday, July 31st. Finally, JMP Securities increased their price target on shares of Caesars Entertainment from $58.00 to $59.00 and gave the company a “market outperform” rating in a research report on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Caesars Entertainment currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.14.

Caesars Entertainment Trading Down 0.3 %

CZR opened at $41.45 on Friday. The stock has a market capitalization of $8.97 billion, a P/E ratio of 11.74 and a beta of 2.96. The company has a current ratio of 0.70, a quick ratio of 0.68 and a debt-to-equity ratio of 5.56. Caesars Entertainment, Inc. has a 12 month low of $31.74 and a 12 month high of $50.51. The firm’s fifty day simple moving average is $37.00 and its 200 day simple moving average is $37.88.

Caesars Entertainment (NASDAQ:CZR) last released its 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 firm had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.87 billion. Caesars Entertainment had a negative net margin of 2.44% and a negative return on equity of 2.57%. The company’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 EPS. As a group, research analysts anticipate that Caesars Entertainment, Inc. will post 0.06 EPS for the current fiscal year.

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.