Amalgamated Bank Raises Stock Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Amalgamated Bank grew its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 54.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 69,835 shares of the company’s stock after purchasing an additional 24,757 shares during the quarter. Amalgamated Bank’s holdings in Caesars Entertainment were worth $2,775,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Capital Research Global Investors boosted its stake in shares of Caesars Entertainment by 26.9% in the 1st quarter. Capital Research Global Investors now owns 15,505,033 shares of the company’s stock valued at $678,190,000 after buying an additional 3,289,748 shares during the period. Nut Tree Capital Management LP raised its holdings in 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 acquiring an additional 1,700,000 shares in the last quarter. EdgePoint Investment Group Inc. lifted its stake in Caesars Entertainment by 35.4% in the first quarter. EdgePoint Investment Group Inc. now owns 5,799,067 shares of the company’s stock worth $253,651,000 after acquiring an additional 1,515,763 shares during the last quarter. Helikon Investments Ltd acquired a new position in Caesars Entertainment during the 2nd quarter worth approximately $37,763,000. Finally, Capital World Investors raised its holdings in shares of Caesars Entertainment by 9.1% in the 4th quarter. Capital World Investors now owns 11,024,448 shares of the company’s stock valued at $516,826,000 after purchasing an additional 916,282 shares in the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Jefferies Financial Group lowered 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. Susquehanna reissued a “negative” rating and set a $33.00 target price on shares of Caesars Entertainment in a research report on Wednesday, July 31st. Stifel Nicolaus boosted their target price on Caesars Entertainment from $54.00 to $56.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. StockNews.com lowered shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, JMP Securities boosted their price objective 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. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $54.14.

Caesars Entertainment Trading Down 0.1 %

NASDAQ:CZR opened at $41.40 on Tuesday. The company has a current ratio of 0.70, a quick ratio of 0.68 and a debt-to-equity ratio of 5.56. The stock’s 50 day simple moving average is $37.05 and its 200-day simple moving average is $37.85. Caesars Entertainment, Inc. has a 12-month low of $31.74 and a 12-month high of $50.51. The firm has a market cap of $8.96 billion, a P/E ratio of 11.73 and a beta of 2.96.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings data on Tuesday, July 30th. The company reported ($0.56) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.68). The firm had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.87 billion. Caesars Entertainment had a negative return on equity of 2.57% and a negative net margin of 2.44%. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 EPS. Equities analysts anticipate that Caesars Entertainment, Inc. will post 0.06 EPS for the current year.

About Caesars Entertainment

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.