Northwestern Mutual Wealth Management Co. Acquires 823,428 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 783.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 928,529 shares of the company’s stock after acquiring an additional 823,428 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.43% of Caesars Entertainment worth $36,900,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Blue Trust Inc. lifted its holdings in Caesars Entertainment by 525.3% during the 2nd quarter. Blue Trust Inc. now owns 594 shares of the company’s stock valued at $26,000 after purchasing an additional 499 shares during the last quarter. Mather Group LLC. bought a new position in Caesars Entertainment during the 1st quarter valued at about $53,000. TFO Wealth Partners LLC lifted its holdings in Caesars Entertainment by 22,920.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,151 shares of the company’s stock valued at $54,000 after purchasing an additional 1,146 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Caesars Entertainment by 63.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock valued at $64,000 after purchasing an additional 622 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new position in Caesars Entertainment during the 4th quarter valued at about $93,000. 91.79% of the stock is owned by institutional investors.

Caesars Entertainment Stock Up 0.2 %

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

Caesars Entertainment (NASDAQ:CZR) last issued 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 net margin of 2.44% and a negative return on equity of 2.57%. The firm had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the company posted $0.82 EPS. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. Analysts forecast that Caesars Entertainment, Inc. will post -0.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CZR has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. JMP Securities boosted their target price on shares of Caesars Entertainment from $58.00 to $59.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 22nd. Wells Fargo & Company boosted their target price 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. Susquehanna reaffirmed a “negative” rating and issued a $33.00 target price on shares of Caesars Entertainment in a research note on Wednesday, July 31st. Finally, Stifel Nicolaus boosted their target price on shares of Caesars Entertainment from $54.00 to $56.00 and gave the stock a “buy” rating in a research note 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.