Signaturefd LLC Purchases 248 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Signaturefd LLC increased its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 9.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,788 shares of the company’s stock after buying an additional 248 shares during the period. Signaturefd LLC’s holdings in Caesars Entertainment were worth $116,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CZR. Vanguard Group Inc. boosted its holdings in shares of Caesars Entertainment by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 23,635,788 shares of the company’s stock valued at $1,033,829,000 after purchasing an additional 75,898 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its holdings 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 valued at $1,239,000 after purchasing an additional 20,692 shares during the last quarter. Illinois Municipal Retirement Fund boosted its holdings in shares of Caesars Entertainment by 201.8% during the 1st quarter. Illinois Municipal Retirement Fund now owns 60,593 shares of the company’s stock valued at $2,650,000 after purchasing an additional 40,517 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Caesars Entertainment by 249.0% during the 1st quarter. Russell Investments Group Ltd. now owns 186,019 shares of the company’s stock valued at $8,131,000 after purchasing an additional 132,720 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Caesars Entertainment by 263.2% during the 1st quarter. Sei Investments Co. now owns 345,481 shares of the company’s stock valued at $15,111,000 after purchasing an additional 250,354 shares during the last quarter. Institutional investors own 91.79% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on CZR. Wells Fargo & Company upped their target price on shares of Caesars Entertainment from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. JMP Securities restated a “market outperform” rating and set a $59.00 target price on shares of Caesars Entertainment in a research report on Monday, October 14th. StockNews.com cut shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Jefferies Financial Group reduced their price objective on shares of Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, Barclays increased their price objective on shares of Caesars Entertainment from $56.00 to $59.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Caesars Entertainment has a consensus rating of “Moderate Buy” and an average target price of $54.54.

Caesars Entertainment Stock Performance

Caesars Entertainment stock opened at $45.53 on Tuesday. The company has a 50 day moving average price of $40.72 and a 200-day moving average price of $38.11. The company has a debt-to-equity ratio of 5.56, a quick ratio of 0.68 and a current ratio of 0.70. Caesars Entertainment, Inc. has a fifty-two week low of $31.74 and a fifty-two week high of $50.51. The company has a market capitalization of $9.85 billion, a PE ratio of 12.90 and a beta of 2.97.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings results on Tuesday, July 30th. The company reported ($0.56) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.68). The company had revenue of $2.83 billion for 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%. The business’s revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 EPS. As a group, equities analysts forecast that Caesars Entertainment, Inc. will post -0.18 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.