Dana Investment Advisors Inc. Buys 6,022 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Dana Investment Advisors Inc. grew its stake in Caesars Entertainment, Inc. (NASDAQ:CZR) by 6.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,695 shares of the company’s stock after purchasing an additional 6,022 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Caesars Entertainment were worth $3,922,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Caesars Entertainment by 0.3% in the first quarter. Vanguard Group Inc. now owns 23,635,788 shares of the company’s stock valued at $1,033,829,000 after acquiring an additional 75,898 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Caesars Entertainment by 270.8% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 28,332 shares of the company’s stock worth $1,239,000 after purchasing an additional 20,692 shares in the last quarter. Public Employees Retirement Association of Colorado increased its holdings in shares of Caesars Entertainment by 881.0% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 25,506 shares of the company’s stock worth $1,196,000 after purchasing an additional 22,906 shares during the period. Illinois Municipal Retirement Fund raised its position in shares of Caesars Entertainment by 201.8% in the first quarter. Illinois Municipal Retirement Fund now owns 60,593 shares of the company’s stock valued at $2,650,000 after buying an additional 40,517 shares in the last quarter. Finally, Morningstar Investment Services LLC bought a new stake in shares of Caesars Entertainment in the fourth quarter valued at approximately $278,000. 91.79% of the stock is owned by institutional investors.

Caesars Entertainment Stock Down 2.3 %

Shares of NASDAQ:CZR opened at $40.80 on Wednesday. Caesars Entertainment, Inc. has a 52-week low of $31.74 and a 52-week high of $50.51. The company has a market capitalization of $8.83 billion, a PE ratio of 11.56 and a beta of 2.96. 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 fifty day moving average of $37.40 and a 200-day moving average of $37.84.

Caesars Entertainment (NASDAQ:CZR) last posted 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%. Caesars Entertainment’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.82 earnings per share. On average, equities analysts predict that Caesars Entertainment, Inc. will post -0.02 EPS for the current fiscal year.

Analyst Ratings Changes

CZR has been the subject of several analyst reports. Stifel Nicolaus lifted their price objective on Caesars Entertainment from $54.00 to $56.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. JMP Securities upped 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. StockNews.com downgraded shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Susquehanna restated a “negative” rating and issued a $33.00 target price on shares of Caesars Entertainment in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company increased their price target on shares of Caesars Entertainment from $53.00 to $56.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.