Atlas Merchant Capital LLC Takes Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Atlas Merchant Capital LLC bought a new stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 25,000 shares of the company’s stock, valued at approximately $994,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Hood River Capital Management LLC grew its stake in Caesars Entertainment by 7.2% in the second quarter. Hood River Capital Management LLC now owns 1,075,824 shares of the company’s stock worth $42,753,000 after purchasing an additional 72,196 shares in the last quarter. Gabelli Funds LLC increased its position in Caesars Entertainment by 28.0% in the 2nd quarter. Gabelli Funds LLC now owns 143,900 shares of the company’s stock valued at $5,719,000 after acquiring an additional 31,500 shares during the period. ProShare Advisors LLC raised its stake in shares of Caesars Entertainment by 24.3% during the second quarter. ProShare Advisors LLC now owns 64,654 shares of the company’s stock valued at $2,569,000 after purchasing an additional 12,642 shares in the last quarter. Lodge Hill Capital LLC raised its position in shares of Caesars Entertainment by 1.8% during the 2nd quarter. Lodge Hill Capital LLC now owns 570,600 shares of the company’s stock worth $22,676,000 after buying an additional 10,000 shares in the last quarter. Finally, Sei Investments Co. lifted its position in Caesars Entertainment by 54.8% in the second quarter. Sei Investments Co. now owns 534,757 shares of the company’s stock worth $21,252,000 after purchasing an additional 189,276 shares during the period. Institutional investors and hedge funds own 91.79% of the company’s stock.

Wall Street Analysts Forecast Growth

CZR has been the subject of a number of research reports. Wells Fargo & Company raised their target price on shares of Caesars Entertainment from $53.00 to $56.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Morgan Stanley dropped their target price on Caesars Entertainment from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 4th. Jefferies Financial Group cut their price objective on Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Susquehanna reaffirmed a “negative” rating and set a $33.00 price objective on shares of Caesars Entertainment in a research report on Wednesday, July 31st. Finally, Stifel Nicolaus boosted their price target on Caesars Entertainment from $54.00 to $56.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.14.

Caesars Entertainment Trading Down 0.3 %

Shares of CZR stock opened at $41.45 on Monday. The firm has a 50 day moving average price of $37.00 and a two-hundred day moving average price of $37.86. The company has a market capitalization of $8.97 billion, a PE ratio of 11.74 and a beta of 2.96. Caesars Entertainment, Inc. has a 12-month low of $31.74 and a 12-month high of $50.51. The company has a quick ratio of 0.68, a current ratio of 0.70 and a debt-to-equity ratio of 5.56.

Caesars Entertainment (NASDAQ:CZR) last announced 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). Caesars Entertainment had a negative return on equity of 2.57% and a negative net margin of 2.44%. The business had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the prior year, the business posted $0.82 earnings per share. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, analysts predict that Caesars Entertainment, Inc. will post 0.06 earnings per share for the current 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.