Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 22.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,605 shares of the company’s stock after selling 7,874 shares during the period. Mutual of America Capital Management LLC’s holdings in Caesars Entertainment were worth $1,110,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CZR. EdgePoint Investment Group Inc. raised its position in Caesars Entertainment by 1.0% in the second quarter. EdgePoint Investment Group Inc. now owns 5,859,251 shares of the company’s stock worth $232,847,000 after acquiring an additional 60,184 shares in the last quarter. Nut Tree Capital Management LP raised its holdings in shares of Caesars Entertainment by 340.0% in the 1st quarter. Nut Tree Capital Management LP now owns 2,200,000 shares of the company’s stock worth $96,228,000 after purchasing an additional 1,700,000 shares in the last quarter. Helikon Investments Ltd raised its holdings in shares of Caesars Entertainment by 67.1% in the 3rd quarter. Helikon Investments Ltd now owns 1,587,547 shares of the company’s stock worth $66,264,000 after purchasing an additional 637,303 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Caesars Entertainment by 4.2% during the third quarter. Principal Financial Group Inc. now owns 1,454,520 shares of the company’s stock valued at $60,712,000 after purchasing an additional 59,170 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Caesars Entertainment by 6,568.4% during the third quarter. SG Americas Securities LLC now owns 1,439,911 shares of the company’s stock worth $60,102,000 after buying an additional 1,418,318 shares in the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Stock Performance

Shares of CZR opened at $39.42 on Tuesday. The company has a market capitalization of $8.38 billion, a PE ratio of -23.60 and a beta of 2.96. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. The company’s 50 day moving average price is $41.63 and its 200 day moving average price is $38.37. Caesars Entertainment, Inc. has a 52 week low of $31.74 and a 52 week high of $50.51.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings results on Tuesday, October 29th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.25). Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter in the prior year, the firm earned $0.34 earnings per share. The company’s revenue was down 4.0% on a year-over-year basis. Research analysts expect that Caesars Entertainment, Inc. will post -0.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CZR shares. Susquehanna reiterated a “negative” rating and set a $33.00 price objective on shares of Caesars Entertainment in a research report on Wednesday, July 31st. Barclays cut their target price on Caesars Entertainment from $59.00 to $57.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Macquarie reiterated an “outperform” rating and issued a $50.00 price target on shares of Caesars Entertainment in a research report on Wednesday, October 30th. JMP Securities cut their price objective on Caesars Entertainment from $59.00 to $57.00 and set a “market outperform” rating on the stock in a report on Monday. Finally, Morgan Stanley raised their target price on shares of Caesars Entertainment from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $53.86.

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.