8,283 Shares in Caesars Entertainment, Inc. (NASDAQ:CZR) Acquired by Scientech Research LLC

Scientech Research LLC purchased a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 8,283 shares of the company’s stock, valued at approximately $329,000.

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. raised its holdings in Caesars Entertainment by 525.3% in the second quarter. Blue Trust Inc. now owns 594 shares of the company’s stock valued at $26,000 after acquiring an additional 499 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Caesars Entertainment in the 1st quarter valued at $53,000. TFO Wealth Partners LLC lifted its position in shares of Caesars Entertainment by 22,920.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,151 shares of the company’s stock worth $54,000 after purchasing an additional 1,146 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Caesars Entertainment by 63.1% during the second quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $64,000 after purchasing an additional 622 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new position in Caesars Entertainment in the fourth quarter valued at $93,000. 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 recent analyst reports. Morgan Stanley decreased their price target on Caesars Entertainment from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Wednesday, September 4th. Stifel Nicolaus upped their price target on Caesars Entertainment from $54.00 to $56.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Susquehanna reissued a “negative” rating and set a $33.00 price objective on shares of Caesars Entertainment in a report on Wednesday, July 31st. StockNews.com cut shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Wells Fargo & Company lifted their price target on shares of Caesars Entertainment from $53.00 to $56.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $54.14.

Caesars Entertainment Stock Performance

Shares of CZR stock opened at $41.74 on Tuesday. The stock’s 50-day moving average price is $37.40 and its 200 day moving average price is $37.84. The company has a quick ratio of 0.68, a current ratio of 0.70 and a debt-to-equity ratio of 5.56. The stock has a market capitalization of $9.03 billion, a PE ratio of 11.82 and a beta of 2.96. Caesars Entertainment, Inc. has a 52-week low of $31.74 and a 52-week high of $50.51.

Caesars Entertainment (NASDAQ:CZR) last released its earnings results on Tuesday, July 30th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.68). Caesars Entertainment had a negative net margin of 2.44% and a negative return on equity of 2.57%. The company had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same period in the previous year, the firm posted $0.82 EPS. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. As a group, equities research analysts forecast that Caesars Entertainment, Inc. will post -0.02 EPS 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.